Core Wealth Partners LLC Has $962,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Core Wealth Partners LLC decreased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 15.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,009 shares of the aerospace company’s stock after selling 355 shares during the quarter. Core Wealth Partners LLC’s holdings in Northrop Grumman were worth $962,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its holdings in Northrop Grumman by 960.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock worth $25,000 after buying an additional 48 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $25,000. Frazier Financial Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $29,000. McIlrath & Eck LLC lifted its stake in shares of Northrop Grumman by 247.6% in the 4th quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 52 shares during the period. Finally, Rise Advisors LLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NOC. Susquehanna increased their price target on 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 Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Wells Fargo & Company increased their price target on Northrop Grumman from $483.00 to $518.00 in a research note on Tuesday, June 18th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective on the stock in a research note on Monday, April 22nd. Finally, Sanford C. Bernstein downgraded Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price objective on the stock. in a research note on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $510.36.

Northrop Grumman Stock Down 0.1 %

NOC stock traded down $0.28 during trading hours on Thursday, reaching $437.09. 303,984 shares of the stock were exchanged, compared to its average volume of 961,376. The firm’s 50-day moving average is $453.86 and its 200-day moving average is $458.59. The company has a market cap of $64.68 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 2.04 and a beta of 0.33. 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 Co. has a 12 month low of $414.56 and a 12 month high of $496.89.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (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 analysts’ expectations of $9.77 billion. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.50 EPS. On average, equities research analysts expect that Northrop Grumman Co. will post 24.7 earnings per share for the current year.

Northrop Grumman Increases Dividend

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

Northrop Grumman Company Profile

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.