Oregon Public Workers Retirement Fund decreased its holdings in Northrop Grumman Co. (NYSE:NOC – Free Report) by 1.2% within the second quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The institutional investor owned 11,946 shares of the aerospace firm’s inventory after promoting 144 shares through the interval. Oregon Public Workers Retirement Fund’s holdings in Northrop Grumman have been value $5,208,000 as of its most up-to-date SEC submitting.
A number of different hedge funds have additionally just lately modified their holdings of the enterprise. Optimum Funding Advisors raised its place in Northrop Grumman by 241.2% within the 2nd quarter. Optimum Funding Advisors now owns 58 shares of the aerospace firm’s inventory value $25,000 after shopping for a further 41 shares over the last quarter. Frazier Monetary Advisors LLC purchased a brand new place in Northrop Grumman through the fourth quarter valued at roughly $29,000. Financial institution & Belief Co bought a brand new stake in Northrop Grumman within the second quarter value roughly $28,000. Rise Advisors LLC purchased a brand new stake in Northrop Grumman within the 1st quarter value roughly $38,000. Lastly, Riverview Belief Co bought a brand new stake in Northrop Grumman through the 1st quarter valued at $47,000. Hedge funds and different institutional traders personal 83.40% of the corporate’s inventory.
Wall Avenue Analysts Forecast Progress
NOC has been the topic of a number of analysis analyst experiences. Royal Financial institution of Canada lifted their worth goal on Northrop Grumman from $475.00 to $500.00 and gave the inventory a “sector carry out” score in a report on Friday, July twenty sixth. BTIG Analysis began protection on Northrop Grumman in a analysis word on Wednesday, June twenty sixth. They set a “purchase” score and a $565.00 worth goal for the corporate. TD Cowen elevated their worth goal on shares of Northrop Grumman from $440.00 to $515.00 and gave the inventory a “maintain” score in a analysis word on Monday, July twenty ninth. Barclays boosted their goal worth on shares of Northrop Grumman from $470.00 to $500.00 and gave the corporate an “equal weight” score in a analysis report on Tuesday, July thirtieth. Lastly, Deutsche Financial institution Aktiengesellschaft upgraded shares of Northrop Grumman from a “maintain” score to a “purchase” score and elevated their worth goal for the inventory from $474.00 to $575.00 in a analysis report on Monday, July twenty ninth. One analyst has rated the inventory with a promote score, 9 have issued a maintain score and 6 have issued a purchase score to the inventory. In response to knowledge from MarketBeat.com, the inventory has a consensus score of “Maintain” and a consensus goal worth of $523.20.
Examine Out Our Newest Evaluation on NOC
Insider Shopping for and Promoting at Northrop Grumman
In different Northrop Grumman information, VP Thomas H. Jones bought 1,390 shares of the inventory in a transaction dated Friday, August 2nd. The shares have been bought at a mean worth of $500.00, for a complete transaction of $695,000.00. Following the completion of the transaction, the vice chairman 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 could be accessed by means of the SEC web site. In different information, VP Thomas H. Jones bought 1,390 shares of the inventory in a transaction that occurred on Friday, August 2nd. The inventory was bought at a mean worth of $500.00, for a complete transaction of $695,000.00. Following the completion of the transaction, the vice chairman now instantly owns 4,634 shares within the firm, valued at roughly $2,317,000. The transaction was disclosed in a submitting with the Securities & Change Fee, which could be accessed by means of this hyperlink. Additionally, VP Thomas H. Jones bought 1,389 shares of the enterprise’s inventory in a transaction on Friday, July twenty sixth. The inventory was bought at a mean worth of $477.56, for a complete transaction of $663,330.84. Following the completion of the sale, the vice chairman now owns 6,755 shares within the firm, valued at roughly $3,225,917.80. The disclosure for this sale could be discovered right here. Within the final ninety days, insiders have bought 2,813 shares of firm inventory value $1,375,877. Insiders personal 0.22% of the corporate’s inventory.
Northrop Grumman Worth Efficiency
Shares of Northrop Grumman inventory opened at $523.49 on Thursday. The corporate has a market capitalization of $77.47 billion, a price-to-earnings ratio of 36.61, a PEG ratio of two.40 and a beta of 0.32. 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 inventory’s 50-day easy transferring common is $475.08 and its 200-day easy transferring common is $464.53. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week excessive of $528.76.
Northrop Grumman (NYSE:NOC – Get Free Report) final posted its quarterly earnings outcomes 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 internet 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 interval within the earlier 12 months, the agency earned $5.34 EPS. The agency’s income was up 6.7% in comparison with the identical quarter final 12 months. As a bunch, analysts anticipate that Northrop Grumman Co. will put up 25.15 earnings per share for the present fiscal 12 months.
Northrop Grumman Dividend Announcement
The enterprise additionally just lately introduced a quarterly dividend, which will probably be paid on Wednesday, September 18th. Traders of file on Tuesday, September third will probably be paid a dividend of $2.06 per share. The ex-dividend date of this dividend is Tuesday, September third. This represents a $8.24 annualized dividend and a yield of 1.57%. Northrop Grumman’s payout ratio is 57.62%.
Northrop Grumman Profile
Northrop Grumman Company operates as an aerospace and protection expertise firm in america, Asia/Pacific, Europe, and internationally. The corporate’s Aeronautics Programs phase designs, develops, manufactures, integrates, and sustains plane techniques. This phase additionally affords 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.
Additional Studying
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