Westwood Holdings Group Inc. Takes Position in Northrop Grumman Co. (NYSE:NOC)

Westwood Holdings Group Inc. purchased a new stake in Northrop Grumman Co. (NYSE:NOCFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 448 shares of the aerospace company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wesbanco Bank Inc. boosted its holdings in Northrop Grumman by 1.2% during the third quarter. Wesbanco Bank Inc. now owns 1,782 shares of the aerospace company’s stock worth $784,000 after purchasing an additional 21 shares during the last quarter. Ausdal Financial Partners Inc. boosted its holdings in Northrop Grumman by 4.4% during the fourth quarter. Ausdal Financial Partners Inc. now owns 524 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 22 shares during the last quarter. Secure Asset Management LLC boosted its holdings in Northrop Grumman by 2.7% during the fourth quarter. Secure Asset Management LLC now owns 844 shares of the aerospace company’s stock worth $395,000 after purchasing an additional 22 shares during the last quarter. Tilia Fiduciary Partners Inc. boosted its holdings in Northrop Grumman by 3.3% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 727 shares of the aerospace company’s stock worth $340,000 after purchasing an additional 23 shares during the last quarter. Finally, Gradient Investments LLC boosted its holdings in Northrop Grumman by 5.1% during the fourth quarter. Gradient Investments LLC now owns 493 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC opened at $435.76 on Tuesday. The firm has a market capitalization of $64.49 billion, a PE ratio of 30.47, a PEG ratio of 2.05 and a beta of 0.35. The company’s 50-day moving average is $463.55 and its 200-day moving average is $463.70. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $496.89. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.13 and a quick ratio of 1.02.

Northrop Grumman (NYSE:NOCGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.83 by $0.49. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The company had revenue of $10.13 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the firm earned $5.50 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 28th will be paid a $2.06 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.87. The ex-dividend date of this dividend is Friday, May 24th. This represents a $8.24 annualized dividend and a yield of 1.89%. Northrop Grumman’s payout ratio is 57.62%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird increased their target price on shares of Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Susquehanna increased their price target on shares of Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Royal Bank of Canada increased their price target on shares of Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company increased their price target on shares of Northrop Grumman from $483.00 to $518.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Hold” and a consensus price target of $514.33.

Check Out Our Latest Analysis on NOC

About Northrop Grumman

(Free Report)

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.

Further Reading

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

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