Lindbrook Capital LLC Boosts Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Lindbrook Capital LLC increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 10.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,158 shares of the aerospace company’s stock after buying an additional 110 shares during the period. Lindbrook Capital LLC’s holdings in Northrop Grumman were worth $612,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Aviso Wealth Management boosted its stake in shares of Northrop Grumman by 110.7% during the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock worth $827,000 after acquiring an additional 996 shares in the last quarter. Susquehanna International Securities Ltd. acquired a new position in Northrop Grumman in the 2nd quarter worth about $1,133,000. State Board of Administration of Florida Retirement System boosted its position in Northrop Grumman by 9.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 160,328 shares of the aerospace company’s stock worth $74,027,000 after purchasing an additional 14,275 shares in the last quarter. GAMMA Investing LLC grew its holdings in Northrop Grumman by 133.9% in the second quarter. GAMMA Investing LLC now owns 2,248 shares of the aerospace company’s stock valued at $980,000 after purchasing an additional 1,287 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of Northrop Grumman in the third quarter valued at approximately $10,208,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Up 1.6 %

Shares of NOC opened at $528.99 on Friday. The stock has a fifty day simple moving average of $523.76 and a two-hundred day simple moving average of $484.96. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $77.07 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 1.05 and a beta of 0.35. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.07 by $0.93. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $6.18 earnings per share. As a group, equities analysts forecast that Northrop Grumman Co. will post 25.95 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is presently 51.05%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Citigroup lifted their target price on shares of Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target for the company. in a research report on Tuesday, August 27th. Morgan Stanley lifted their price objective on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada boosted their price objective on Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman has an average rating of “Hold” and an average target price of $550.56.

About Northrop Grumman

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.