Claro Advisors LLC Has $962,000 Stake in Northrop Grumman Co. (NYSE:NOC)

Claro Advisors LLC lifted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,009 shares of the aerospace company’s stock after purchasing an additional 51 shares during the quarter. Claro Advisors LLC’s holdings in Northrop Grumman were worth $962,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Talbot Financial LLC increased its position in shares of Northrop Grumman by 3.3% during the first quarter. Talbot Financial LLC now owns 24,398 shares of the aerospace company’s stock worth $11,678,000 after acquiring an additional 783 shares in the last quarter. Aviance Capital Partners LLC bought a new stake in Northrop Grumman during the first quarter worth $1,063,000. SteelPeak Wealth LLC lifted its stake in Northrop Grumman by 49.7% in the first quarter. SteelPeak Wealth LLC now owns 4,631 shares of the aerospace company’s stock valued at $2,216,000 after acquiring an additional 1,538 shares during the last quarter. Cornerstone Wealth Group LLC bought a new position in shares of Northrop Grumman in the 1st quarter valued at about $218,000. Finally, River Street Advisors LLC raised its holdings in shares of Northrop Grumman by 105.6% in the 1st quarter. River Street Advisors LLC now owns 1,293 shares of the aerospace company’s stock valued at $619,000 after purchasing an additional 664 shares during the period. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NOC shares. Royal Bank of Canada raised their price objective 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. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price on the stock in a research report on Monday, April 22nd. 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 report on Friday, June 21st. Susquehanna lifted their target price on Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a report on Friday, April 26th. Finally, Robert W. Baird boosted their target price on shares of Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $510.36.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $435.00 on Tuesday. The company has a market cap of $64.38 billion, a P/E ratio of 30.42, a PEG ratio of 2.03 and a beta of 0.33. 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 has a 50-day moving average price of $456.07 and a two-hundred day moving average price of $459.11. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $496.89.

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

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were given a dividend of $2.06 per share. 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. This represents a $8.24 annualized dividend and a dividend yield of 1.89%. Northrop Grumman’s payout ratio 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.