Northrop Grumman Co. (NYSE:NOC) Shares Sold by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC trimmed its position in Northrop Grumman Co. (NYSE:NOC) by 9.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350 shares of the aerospace company’s stock after selling 35 shares during the period. Hexagon Capital Partners LLC’s holdings in Northrop Grumman were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in NOC. Wesbanco Bank Inc. raised its position in shares of Northrop Grumman by 1.2% during the 3rd quarter. Wesbanco Bank Inc. now owns 1,782 shares of the aerospace company’s stock valued at $784,000 after buying an additional 21 shares during the period. Ausdal Financial Partners Inc. raised its position in shares of Northrop Grumman by 4.4% during the 4th quarter. Ausdal Financial Partners Inc. now owns 524 shares of the aerospace company’s stock valued at $245,000 after buying an additional 22 shares during the period. Secure Asset Management LLC raised its position in Northrop Grumman by 2.7% in the fourth quarter. Secure Asset Management LLC now owns 844 shares of the aerospace company’s stock valued at $395,000 after purchasing an additional 22 shares during the period. Tilia Fiduciary Partners Inc. raised its position in Northrop Grumman by 3.3% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 727 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 23 shares during the period. Finally, Gradient Investments LLC raised its position in Northrop Grumman by 5.1% in the fourth quarter. Gradient Investments LLC now owns 493 shares of the aerospace company’s stock valued at $231,000 after purchasing an additional 24 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Stock Down 0.2 %

Shares of NOC stock traded down $0.95 on Monday, reaching $435.00. 719,039 shares of the stock were exchanged, compared to its average volume of 995,653. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average price is $456.07 and its 200 day moving average price is $459.11. The company has a market capitalization of $64.38 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.03 and a beta of 0.33. Northrop Grumman Co. has a twelve month low of $414.56 and a twelve month high of $496.89.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, topping analysts’ consensus estimates of $5.83 by $0.49. The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $9.77 billion. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.50 earnings per share. As a group, sell-side analysts expect that Northrop Grumman Co. will post 24.7 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NOC shares. Royal Bank of Canada boosted their target price on Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. StockNews.com lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Monday, June 24th. Susquehanna boosted their target price on Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Robert W. Baird boosted their target price on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, Sanford C. Bernstein lowered Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price objective on the stock. in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Hold” and an average target price of $510.36.

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.