1,120 Shares in Northrop Grumman Co. (NYSE:NOC) Purchased by Tiverton Asset Management LLC

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Tiverton Asset Management LLC purchased a new stake in shares of Northrop Grumman Co. (NYSE:NOC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,120 shares of the aerospace company’s stock, valued at approximately $362,000.

Other hedge funds have also recently made changes to their positions in the company. Thoroughbred Financial Services LLC raised its position in shares of Northrop Grumman by 30,736.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 785,405 shares of the aerospace company’s stock valued at $78,540,000 after acquiring an additional 782,858 shares during the last quarter. Rothschild & Co. Asset Management US Inc. acquired a new stake in Northrop Grumman during the 2nd quarter worth $65,331,000. DekaBank Deutsche Girozentrale raised its stake in Northrop Grumman by 55.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 480,331 shares of the aerospace company’s stock worth $153,054,000 after buying an additional 171,117 shares during the period. Korea Investment CORP lifted its holdings in Northrop Grumman by 490.4% during the second quarter. Korea Investment CORP now owns 203,699 shares of the aerospace company’s stock worth $65,817,000 after acquiring an additional 169,199 shares in the last quarter. Finally, Winslow Capital Management LLC grew its stake in Northrop Grumman by 18.2% in the second quarter. Winslow Capital Management LLC now owns 1,021,725 shares of the aerospace company’s stock valued at $330,130,000 after acquiring an additional 157,026 shares during the period. 83.11% of the stock is owned by hedge funds and other institutional investors.

In other Northrop Grumman news, VP Christopher T. Jones sold 5,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $353.19, for a total transaction of $1,765,950.00. Following the sale, the vice president now directly owns 67,422 shares of the company’s stock, valued at $23,812,776.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kathy J. Warden sold 6,837 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $353.46, for a total transaction of $2,416,606.02. Following the sale, the chief executive officer now directly owns 99,002 shares in the company, valued at $34,993,246.92. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

A number of equities research analysts have recently commented on NOC shares. Sanford C. Bernstein raised their price target on Northrop Grumman from $344.00 to $368.00 in a research report on Thursday, July 25th. Credit Suisse Group increased their target price on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. UBS Group raised their target price on shares of Northrop Grumman from $300.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Bank of America reaffirmed a “buy” rating and issued a $405.00 price target (up previously from $355.00) on shares of Northrop Grumman in a research note on Thursday, July 25th. Finally, ValuEngine cut shares of Northrop Grumman from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $347.60.

Shares of NYSE NOC traded up $2.30 during mid-day trading on Wednesday, hitting $357.39. The company had a trading volume of 37,780 shares, compared to its average volume of 644,584. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of 1.62. The firm has a 50-day simple moving average of $360.75 and a two-hundred day simple moving average of $312.91. The company has a market capitalization of $60.21 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79. Northrop Grumman Co. has a one year low of $223.63 and a one year high of $377.34.

Northrop Grumman (NYSE:NOC) last released its earnings results on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.64 by $0.42. The business had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.41 billion. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. Northrop Grumman’s revenue was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.50 earnings per share. Sell-side analysts expect that Northrop Grumman Co. will post 19.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Monday, September 9th will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, September 6th. Northrop Grumman’s dividend payout ratio is currently 24.75%.

Northrop Grumman Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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