BW Gestao de Investimentos Ltda. bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,900 shares of the aerospace company’s stock, valued at approximately $2,561,000. Northrop Grumman Corporation comprises 0.5% of BW Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 16th largest position.
Several other hedge funds have also made changes to their positions in NOC. Janus Henderson Group PLC boosted its holdings in Northrop Grumman Corporation by 41,518.7% in the second quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock valued at $749,585,000 after acquiring an additional 2,912,953 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Northrop Grumman Corporation in the third quarter valued at about $198,126,000. HPM Partners LLC boosted its holdings in Northrop Grumman Corporation by 23,412.0% in the second quarter. HPM Partners LLC now owns 292,019 shares of the aerospace company’s stock valued at $28,387,000 after acquiring an additional 290,777 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Northrop Grumman Corporation by 25.9% in the second quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock valued at $319,707,000 after acquiring an additional 256,200 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Northrop Grumman Corporation in the second quarter valued at about $59,566,000. Institutional investors own 81.68% of the company’s stock.
Northrop Grumman Corporation (NOC) traded down $3.70 during midday trading on Monday, hitting $296.85. The stock had a trading volume of 458,000 shares, compared to its average volume of 774,934. The firm has a market capitalization of $51,680.00, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.99 and a beta of 0.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21. Northrop Grumman Corporation has a 52 week low of $220.72 and a 52 week high of $306.61.
Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.76. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. Northrop Grumman Corporation’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.35 earnings per share. analysts anticipate that Northrop Grumman Corporation will post 13.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, December 1st. Northrop Grumman Corporation’s dividend payout ratio is currently 29.81%.
Several research firms recently issued reports on NOC. Royal Bank Of Canada set a $374.00 price target on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Bank of America Corporation set a $350.00 price target on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Friday, October 27th. Stifel Nicolaus raised their price target on Northrop Grumman Corporation from $255.00 to $300.00 and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Cowen and Company reiterated a “hold” rating and issued a $300.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Northrop Grumman Corporation has an average rating of “Buy” and an average target price of $293.93.
In related news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman Corporation stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the sale, the chief operating officer now owns 77,200 shares of the company’s stock, valued at approximately $22,885,940. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sid Ashworth sold 6,311 shares of Northrop Grumman Corporation stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $298.00, for a total value of $1,880,678.00. Following the completion of the sale, the vice president now directly owns 63,147 shares in the company, valued at approximately $18,817,806. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,417 shares of company stock worth $6,365,189. 0.70% of the stock is currently owned by insiders.
Northrop Grumman Corporation Company Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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