Northrop Grumman Co. (NYSE:NOC) Shares Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC boosted its stake in shares of Northrop Grumman Co. (NYSE:NOC – Get Rating) by 47.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,126 shares of the aerospace company’s stock after purchasing an additional 360 shares during the period. Pure Financial Advisors LLC’s holdings in Northrop Grumman were worth $504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOC. Sanders Capital LLC grew its position in Northrop Grumman by 37.4% during the 4th quarter. Sanders Capital LLC now owns 2,728,700 shares of the aerospace company’s stock worth $1,079,988,000 after purchasing an additional 742,676 shares during the period. Bessemer Group Inc. grew its position in Northrop Grumman by 50.3% during the 4th quarter. Bessemer Group Inc. now owns 1,080,412 shares of the aerospace company’s stock worth $418,193,000 after purchasing an additional 361,501 shares during the period. Nuveen Asset Management LLC grew its position in Northrop Grumman by 23.6% during the 4th quarter. Nuveen Asset Management LLC now owns 1,191,705 shares of the aerospace company’s stock worth $461,274,000 after purchasing an additional 227,433 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in Northrop Grumman during the 4th quarter worth about $60,124,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Northrop Grumman during the 4th quarter worth about $46,201,000. 84.52% of the stock is currently owned by institutional investors.

Shares of Northrop Grumman stock opened at $458.61 on Thursday. The firm has a market capitalization of $71.29 billion, a PE ratio of 12.64, a P/E/G ratio of 2.93 and a beta of 0.71. Northrop Grumman Co. has a twelve month low of $344.89 and a twelve month high of $492.30. The firm’s 50-day moving average price is $458.33 and its 200 day moving average price is $426.50. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.97.

Northrop Grumman (NYSE:NOC – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The aerospace company reported $6.10 earnings per share for the quarter, beating analysts’ consensus estimates of $5.95 by $0.15. Northrop Grumman had a net margin of 16.33% and a return on equity of 32.82%. The firm had revenue of $8.80 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same period last year, the company posted $6.57 EPS. Northrop Grumman’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, sell-side analysts predict that Northrop Grumman Co. will post 24.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were paid a $1.73 dividend. This represents a $6.92 dividend on an annualized basis and a yield of 1.51%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.57. The ex-dividend date was Friday, May 27th. Northrop Grumman’s dividend payout ratio (DPR) is 19.07%.

Several equities research analysts have recently issued reports on NOC shares. Argus increased their target price on shares of Northrop Grumman from $420.00 to $495.00 in a research note on Thursday, May 12th. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Tuesday, May 17th. Morgan Stanley increased their target price on shares of Northrop Grumman from $428.00 to $521.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 2nd. Wells Fargo & Company increased their target price on shares of Northrop Grumman from $390.00 to $472.00 and gave the stock an “equal weight” rating in a research note on Monday, March 7th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Northrop Grumman in a research note on Tuesday, April 19th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $442.80.

About Northrop Grumman (Get Rating)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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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