Carmichael Hill & Associates Inc. Buys Shares of 690 Northrop Grumman Co. (NOC)

Carmichael Hill & Associates Inc. bought a new position in Northrop Grumman Co. (NYSE:NOC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 690 shares of the aerospace company’s stock, valued at approximately $212,000.

Several other large investors have also added to or reduced their stakes in the company. Glenview Trust Co purchased a new stake in shares of Northrop Grumman in the 4th quarter worth about $214,000. Dubuque Bank & Trust Co. grew its position in shares of Northrop Grumman by 41.4% in the 4th quarter. Dubuque Bank & Trust Co. now owns 905 shares of the aerospace company’s stock worth $278,000 after buying an additional 265 shares during the period. AE Wealth Management LLC grew its position in shares of Northrop Grumman by 36.2% in the 4th quarter. AE Wealth Management LLC now owns 2,384 shares of the aerospace company’s stock worth $732,000 after buying an additional 633 shares during the period. Price Capital Management Inc. purchased a new stake in shares of Northrop Grumman in the 4th quarter worth about $2,827,000. Finally, Hyman Charles D grew its position in shares of Northrop Grumman by 3.0% in the 4th quarter. Hyman Charles D now owns 17,416 shares of the aerospace company’s stock worth $5,345,000 after buying an additional 500 shares during the period. 81.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Northrop Grumman Co. (NOC) opened at $332.69 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.24 and a current ratio of 2.35. The stock has a market cap of $57,910.00, a PE ratio of 29.01, a PEG ratio of 2.43 and a beta of 0.82. Northrop Grumman Co. has a 1-year low of $231.98 and a 1-year high of $349.18.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.07. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.34 billion. Northrop Grumman had a net margin of 7.81% and a return on equity of 37.28%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.96 EPS. sell-side analysts forecast that Northrop Grumman Co. will post 15.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.00. Northrop Grumman’s dividend payout ratio (DPR) is presently 34.87%.

A number of analysts have recently weighed in on the stock. Argus raised shares of Northrop Grumman to a “buy” rating in a research report on Wednesday. Robert W. Baird reissued a “buy” rating and set a $394.00 price objective on shares of Northrop Grumman in a research report on Friday, January 26th. Royal Bank of Canada set a $389.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Cowen reissued a “hold” rating and set a $310.00 price objective on shares of Northrop Grumman in a research report on Thursday, January 25th. Finally, Stifel Nicolaus increased their price objective on shares of Northrop Grumman from $255.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Northrop Grumman currently has a consensus rating of “Buy” and a consensus target price of $317.47.

In other news, COO Gloria A. Flach sold 7,741 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the sale, the chief operating officer now owns 77,200 shares of the company’s stock, valued at approximately $22,885,940. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

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Northrop Grumman Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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

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