Knights of Columbus Asset Advisors LLC Boosts Stock Position in Northrop Grumman Co. (NYSE:NOC)

Knights of Columbus Asset Advisors LLC increased its holdings in Northrop Grumman Co. (NYSE:NOC) by 24.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,097 shares of the aerospace company’s stock after buying an additional 219 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Northrop Grumman were worth $395,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Capital International Investors grew its stake in shares of Northrop Grumman by 2.3% in the second quarter. Capital International Investors now owns 13,517,111 shares of the aerospace company’s stock worth $4,912,139,000 after purchasing an additional 303,694 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Northrop Grumman by 2.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,046,845 shares of the aerospace company’s stock worth $2,177,771,000 after purchasing an additional 123,221 shares during the period. FMR LLC grew its position in Northrop Grumman by 25.5% in the 2nd quarter. FMR LLC now owns 4,798,182 shares of the aerospace company’s stock worth $1,743,803,000 after purchasing an additional 974,433 shares during the period. Geode Capital Management LLC grew its position in shares of Northrop Grumman by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,459,549 shares of the aerospace company’s stock valued at $891,170,000 after acquiring an additional 81,175 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Northrop Grumman by 7.5% during the 2nd quarter. Morgan Stanley now owns 1,725,988 shares of the aerospace company’s stock valued at $627,275,000 after buying an additional 119,686 shares in the last quarter. Institutional investors own 82.06% of the company’s stock.

Shares of NYSE NOC opened at $403.45 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 1.12. The firm’s 50-day simple moving average is $373.16 and its 200 day simple moving average is $369.06. Northrop Grumman Co. has a fifty-two week low of $282.88 and a fifty-two week high of $408.03. The stock has a market cap of $63.96 billion, a P/E ratio of 14.18, a P/E/G ratio of 2.00 and a beta of 0.84.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, October 28th. The aerospace company reported $6.63 EPS for the quarter, topping the consensus estimate of $5.93 by $0.70. The firm had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.94 billion. Northrop Grumman had a net margin of 12.42% and a return on equity of 39.17%. Northrop Grumman’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $5.89 earnings per share. On average, sell-side analysts anticipate that Northrop Grumman Co. will post 25.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Investors of record on Monday, November 29th were issued a $1.57 dividend. The ex-dividend date was Friday, November 26th. This represents a $6.28 annualized dividend and a yield of 1.56%. Northrop Grumman’s dividend payout ratio (DPR) is currently 22.07%.

In other news, Director Karl J. Krapek sold 2,800 shares of the stock in a transaction on Thursday, November 11th. The stock was sold at an average price of $357.25, for a total transaction of $1,000,300.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mark A. Caylor sold 427 shares of the stock in a transaction on Wednesday, December 8th. The stock was sold at an average price of $363.54, for a total value of $155,231.58. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Several equities analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Northrop Grumman from $478.00 to $440.00 and set an “overweight” rating on the stock in a report on Thursday, November 4th. Wells Fargo & Company raised shares of Northrop Grumman from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $335.00 to $399.00 in a report on Monday, January 10th. The Goldman Sachs Group upgraded shares of Northrop Grumman from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research report on Thursday, September 23rd. Susquehanna dropped their target price on shares of Northrop Grumman from $424.00 to $416.00 and set a “positive” rating on the stock in a research report on Friday, October 29th. Finally, Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $392.00 target price on the stock in a research note on Wednesday, October 6th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $404.75.

About Northrop Grumman

Northrop Grumman Corp. is an aerospace and defense company, which engages in the provision of security businesses. It creates and delivers platforms, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.

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

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