Gryphon Financial Partners LLC Grows Holdings in Northrop Grumman Co. (NYSE:NOC)

Gryphon Financial Partners LLC lifted its holdings in Northrop Grumman Co. (NYSE:NOCFree Report) by 21.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 557 shares of the aerospace company’s stock after acquiring an additional 100 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Northrop Grumman were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NOC. JPMorgan Chase & Co. increased its position in Northrop Grumman by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,488,412 shares of the aerospace company’s stock valued at $1,975,754,000 after purchasing an additional 410,736 shares during the period. Morgan Stanley lifted its stake in Northrop Grumman by 3.5% during the 3rd quarter. Morgan Stanley now owns 4,194,298 shares of the aerospace company’s stock valued at $1,846,289,000 after acquiring an additional 142,036 shares during the period. Northern Trust Corp lifted its stake in shares of Northrop Grumman by 6.8% in the 3rd quarter. Northern Trust Corp now owns 1,244,324 shares of the aerospace company’s stock worth $547,739,000 after purchasing an additional 79,263 shares during the period. Invesco Ltd. lifted its stake in shares of Northrop Grumman by 74.7% in the 3rd quarter. Invesco Ltd. now owns 1,174,556 shares of the aerospace company’s stock worth $517,028,000 after purchasing an additional 502,060 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of Northrop Grumman by 2.5% in the 3rd quarter. Clearbridge Investments LLC now owns 867,137 shares of the aerospace company’s stock worth $381,705,000 after purchasing an additional 21,501 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Up 1.0 %

Shares of NOC opened at $450.77 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. Northrop Grumman Co. has a 12-month low of $414.56 and a 12-month high of $496.89. The firm has a 50-day moving average price of $467.25 and a 200 day moving average price of $464.74. The firm has a market capitalization of $66.71 billion, a P/E ratio of 31.52, a P/E/G ratio of 2.10 and a beta of 0.34.

Northrop Grumman (NYSE:NOCGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.83 by $0.49. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The firm had revenue of $10.13 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm posted $5.50 earnings per share. Northrop Grumman’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Tuesday, May 28th will be issued a $2.06 dividend. The ex-dividend date is Friday, May 24th. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.83%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.87. Northrop Grumman’s dividend payout ratio is currently 57.62%.

Analyst Ratings Changes

Several research firms recently weighed in on NOC. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Robert W. Baird raised their target price on shares of Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Susquehanna raised their target price on shares of Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Wells Fargo & Company lifted their price objective on shares of Northrop Grumman from $483.00 to $518.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Finally, Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective for the company in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $514.33.

View Our Latest Stock Analysis on NOC

Northrop Grumman Company Profile

(Free Report)

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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