ASB Consultores LLC cut its stake in shares of Northrop Grumman Co. (NYSE:NOC – Free Report) by 22.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 645 shares of the aerospace company’s stock after selling 189 shares during the quarter. ASB Consultores LLC’s holdings in Northrop Grumman were worth $341,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Capital International Investors lifted its position in shares of Northrop Grumman by 5.6% in the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after purchasing an additional 621,636 shares during the period. Van ECK Associates Corp grew its holdings in Northrop Grumman by 1,915.9% during the 2nd quarter. Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock worth $191,173,000 after acquiring an additional 416,768 shares during the period. JPMorgan Chase & Co. grew its holdings in Northrop Grumman by 4.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after acquiring an additional 211,459 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Northrop Grumman in the 2nd quarter worth about $90,177,000. Finally, Marshall Wace LLP acquired a new position in shares of Northrop Grumman in the 2nd quarter valued at about $74,206,000. Institutional investors own 83.40% of the company’s stock.
Northrop Grumman Stock Up 0.1 %
Northrop Grumman stock opened at $507.44 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a market cap of $73.93 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.02 and a beta of 0.35. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The firm’s 50-day simple moving average is $523.43 and its 200 day simple moving average is $483.68.
Northrop Grumman Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s payout ratio is 51.05%.
Wall Street Analyst Weigh In
Several research firms recently commented on NOC. Barclays raised their target price on Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a report on Tuesday, August 27th. JPMorgan Chase & Co. boosted their target price on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Susquehanna increased their price target on Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Northrop Grumman currently has an average rating of “Hold” and a consensus price target of $550.56.
Get Our Latest Research Report on Northrop Grumman
Northrop Grumman Company Profile
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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