Central Pacific Financial institution Belief Division boosted its place in shares of Northrop Grumman Co. (NYSE:NOC – Free Report) by 1.2% within the third quarter, based on its most up-to-date submitting with the Securities & Change Fee. The institutional investor owned 4,283 shares of the aerospace firm’s inventory after buying a further 52 shares through the interval. Central Pacific Financial institution Belief Division’s holdings in Northrop Grumman had been value $2,262,000 as of its most up-to-date SEC submitting.
Different massive buyers additionally lately modified their holdings of the corporate. Gulf Worldwide Financial institution UK Ltd lifted its place in shares of Northrop Grumman by 1,402.9% through the 1st quarter. Gulf Worldwide Financial institution UK Ltd now owns 12,925 shares of the aerospace firm’s inventory value $6,186,000 after shopping for a further 12,065 shares over the last quarter. Diversify Advisory Providers LLC bought a brand new stake in shares of Northrop Grumman within the 1st quarter valued at about $870,000. Norden Group LLC bought a brand new place in shares of Northrop Grumman through the first quarter value roughly $778,000. Aviso Wealth Administration raised its place in Northrop Grumman by 110.7% within the 2nd quarter. Aviso Wealth Administration now owns 1,896 shares of the aerospace firm’s inventory valued at $827,000 after buying a further 996 shares over the last quarter. Lastly, Susquehanna Worldwide Securities Ltd. acquired a brand new stake in Northrop Grumman through the 2nd quarter value $1,133,000. 83.40% of the inventory is owned by hedge funds and different institutional buyers.
Northrop Grumman Worth Efficiency
Northrop Grumman inventory opened at $538.85 on Thursday. The corporate has a fast ratio of 0.99, a present ratio of 1.11 and a debt-to-equity ratio of 1.03. The agency has a market capitalization of $79.74 billion, a P/E ratio of 37.68, a PEG ratio of two.44 and a beta of 0.34. The agency has a fifty day shifting common of $510.97 and a 200-day shifting common of $473.82. Northrop Grumman Co. has a 52-week low of $414.56 and a 52-week excessive of $555.57.
Northrop Grumman (NYSE:NOC – Get Free Report) final issued its quarterly earnings information on Thursday, July twenty fifth. The aerospace firm reported $6.36 EPS for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on fairness of 25.44% and a web margin of 5.61%. The corporate had income of $10.22 billion for the quarter, in comparison with analysts’ expectations of $10.02 billion. Throughout the identical quarter within the earlier 12 months, the agency posted $5.34 earnings per share. The agency’s quarterly income was up 6.7% on a year-over-year foundation. As a bunch, analysts predict that Northrop Grumman Co. will put up 25.14 EPS for the present 12 months.
Northrop Grumman Broadcasts Dividend
The corporate additionally lately disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of document on Tuesday, September third got a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 1.53%. The ex-dividend date was Tuesday, September third. Northrop Grumman’s dividend payout ratio (DPR) is 57.62%.
Wall Road Analyst Weigh In
NOC has been the subject of various analysis stories. Sanford C. Bernstein lowered Northrop Grumman from an “outperform” ranking to a “market carry out” ranking and set a $477.00 worth goal on the inventory. in a report on Friday, June twenty first. Barclays lifted their worth goal on shares of Northrop Grumman from $470.00 to $500.00 and gave the corporate an “equal weight” ranking in a analysis report on Tuesday, July thirtieth. BTIG Analysis initiated protection on shares of Northrop Grumman in a analysis report on Wednesday, June twenty sixth. They issued a “purchase” ranking and a $565.00 worth goal for the corporate. Deutsche Financial institution Aktiengesellschaft upgraded Northrop Grumman from a “maintain” ranking to a “purchase” ranking and boosted their goal worth for the inventory from $474.00 to $575.00 in a analysis report on Monday, July twenty ninth. Lastly, Wells Fargo & Firm raised their worth goal on Northrop Grumman from $467.00 to $509.00 and gave the corporate an “equal weight” ranking in a report on Friday, July twenty sixth. One funding analyst has rated the inventory with a promote ranking, 9 have assigned a maintain ranking and 6 have issued a purchase ranking to the corporate’s inventory. Based on information from MarketBeat.com, the inventory presently has a median ranking of “Maintain” and a consensus worth goal of $523.20.
View Our Newest Inventory Report on Northrop Grumman
Insider Transactions at Northrop Grumman
In associated information, VP Thomas H. Jones bought 1,390 shares of Northrop Grumman inventory in a transaction on Friday, August 2nd. The shares had been bought at a median worth of $500.00, for a complete transaction of $695,000.00. Following the sale, the vp now owns 4,634 shares of the corporate’s inventory, valued at roughly $2,317,000. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by this hyperlink. In different information, VP Thomas H. Jones bought 1,389 shares of the inventory in a transaction dated Friday, July twenty sixth. The shares had been bought at a median worth of $477.56, for a complete transaction of $663,330.84. Following the transaction, the vp now owns 6,755 shares of the corporate’s inventory, valued at $3,225,917.80. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible by the SEC web site. Additionally, VP Thomas H. Jones bought 1,390 shares of the corporate’s inventory in a transaction that occurred on Friday, August 2nd. The shares had been bought at a median worth of $500.00, for a complete worth of $695,000.00. Following the sale, the vp now owns 4,634 shares within the firm, valued at roughly $2,317,000. The disclosure for this sale will be discovered right here. During the last three months, insiders have bought 2,846 shares of firm inventory valued at $1,393,028. Company insiders personal 0.22% of the corporate’s inventory.
About Northrop Grumman
Northrop Grumman Company operates as an aerospace and protection know-how firm in america, Asia/Pacific, Europe, and internationally. The corporate’s Aeronautics Techniques phase designs, develops, manufactures, integrates, and sustains plane techniques. This phase additionally provides unmanned autonomous plane techniques, together with high-altitude long-endurance strategic ISR techniques and vertical take-off and touchdown tactical ISR techniques; and strategic long-range strike plane, tactical fighter and air dominance plane, and airborne battle administration and command and management techniques.
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