Susquehanna Fundamental Investments LLC Has $26.87 Million Stake in Northrop Grumman Co. (NYSE:NOC)

Susquehanna Fundamental Investments LLC grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 22.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,641 shares of the aerospace company’s stock after buying an additional 11,417 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Northrop Grumman were worth $26,872,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Accretive Wealth Partners LLC lifted its holdings in Northrop Grumman by 10.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 528 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 50 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in Northrop Grumman by 21.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 557 shares of the aerospace company’s stock worth $241,000 after acquiring an additional 100 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Northrop Grumman by 64.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,538 shares of the aerospace company’s stock worth $4,465,000 after acquiring an additional 3,753 shares during the period. TD Asset Management Inc increased its stake in Northrop Grumman by 11.3% during the 4th quarter. TD Asset Management Inc now owns 58,819 shares of the aerospace company’s stock worth $27,536,000 after acquiring an additional 5,989 shares during the period. Finally, Stifel Financial Corp increased its stake in Northrop Grumman by 0.5% during the 4th quarter. Stifel Financial Corp now owns 130,281 shares of the aerospace company’s stock worth $61,006,000 after acquiring an additional 600 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the transaction, the vice president now owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares in the company, valued at $2,317,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,846 shares of company stock valued at $1,393,028. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NOC has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price target for the company from $474.00 to $575.00 in a research note on Monday, July 29th. UBS Group lifted their price target on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company lifted their price target on Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Northrop Grumman currently has an average rating of “Hold” and an average target price of $523.20.

Northrop Grumman Stock Performance

Shares of NOC opened at $526.72 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a 50 day moving average price of $505.21 and a two-hundred day moving average price of $472.12. The firm has a market capitalization of $77.95 billion, a P/E ratio of 36.83, a P/E/G ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $534.61.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating the consensus estimate of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The business had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same quarter in the prior year, the business earned $5.34 earnings per share. Northrop Grumman’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts forecast that Northrop Grumman Co. will post 25.14 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.56%. Northrop Grumman’s payout ratio is currently 57.62%.

About Northrop Grumman

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.