Northrop Grumman Co. (NYSE:NOC) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 336,133 shares of the aerospace company’s stock after acquiring an additional 15,358 shares during the quarter. Hsbc Holdings PLC owned about 0.23% of Northrop Grumman worth $146,673,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Optimum Investment Advisors increased its stake in shares of Northrop Grumman by 241.2% during the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 41 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Northrop Grumman during the fourth quarter valued at approximately $29,000. Bank & Trust Co acquired a new position in shares of Northrop Grumman during the second quarter valued at approximately $28,000. Meeder Asset Management Inc. increased its stake in shares of Northrop Grumman by 245.5% during the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 54 shares during the period. Finally, Rise Advisors LLC acquired a new position in shares of Northrop Grumman during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

NOC has been the topic of a number of research analyst reports. TD Cowen raised their price objective on shares of Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Morgan Stanley lifted their price target on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Royal Bank of Canada lifted their price target on shares of Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. UBS Group lifted their price target on shares of Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $523.20.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the sale, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The disclosure for this sale can be found here. Insiders sold 2,846 shares of company stock valued at $1,393,028 in the last quarter. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Up 0.2 %

Northrop Grumman stock opened at $521.63 on Thursday. The company has a 50 day moving average price of $492.39 and a 200 day moving average price of $468.88. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $528.76. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market capitalization of $77.20 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 2.36 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The firm had revenue of $10.22 billion during the quarter, compared to analyst estimates of $10.02 billion. During the same quarter last year, the business posted $5.34 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Research analysts forecast that Northrop Grumman Co. will post 25.14 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is currently 57.62%.

Northrop Grumman 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.