Northrop Grumman Co. (NOC) Holdings Cut by Roosevelt Investment Group Inc.

Roosevelt Investment Group Inc. reduced its position in shares of Northrop Grumman Co. (NYSE:NOC) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,816 shares of the aerospace company’s stock after selling 2,876 shares during the quarter. Northrop Grumman comprises 2.1% of Roosevelt Investment Group Inc.’s portfolio, making the stock its 8th largest holding. Roosevelt Investment Group Inc.’s holdings in Northrop Grumman were worth $22,655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Northrop Grumman by 34,573.0% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 21,844 shares of the aerospace company’s stock worth $6,704,000 after acquiring an additional 21,781 shares in the last quarter. Pegasus Partners Ltd. boosted its stake in shares of Northrop Grumman by 30.0% during the 4th quarter. Pegasus Partners Ltd. now owns 5,741 shares of the aerospace company’s stock worth $1,762,000 after acquiring an additional 1,324 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Northrop Grumman by 23.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,696 shares of the aerospace company’s stock worth $521,000 after acquiring an additional 321 shares in the last quarter. AGF Investments America Inc. boosted its stake in shares of Northrop Grumman by 2.8% during the 4th quarter. AGF Investments America Inc. now owns 17,288 shares of the aerospace company’s stock worth $5,306,000 after acquiring an additional 467 shares in the last quarter. Finally, Buckley Wealth Management LLC bought a new stake in shares of Northrop Grumman during the 4th quarter worth $382,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on NOC. Royal Bank of Canada raised their price objective on Northrop Grumman from $324.00 to $347.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Cowen reissued a “hold” rating and set a $310.00 price objective on shares of Northrop Grumman in a research note on Thursday, January 25th. Argus raised their price objective on Northrop Grumman to $375.00 and gave the stock a “positive” rating in a research note on Monday, February 5th. Finally, Goldman Sachs Group set a $320.00 price objective on Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, October 26th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $317.47.

Shares of Northrop Grumman Co. (NYSE:NOC) opened at $337.44 on Tuesday. The stock has a market capitalization of $57,917.20, a price-to-earnings ratio of 25.05, a PEG ratio of 2.40 and a beta of 0.82. Northrop Grumman Co. has a 1-year low of $233.20 and a 1-year high of $349.18. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 2.04.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.75 by $0.07. The company had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.34 billion. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.96 earnings per share. sell-side analysts expect that Northrop Grumman Co. will post 15.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. Northrop Grumman’s dividend payout ratio is presently 34.87%.

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About Northrop Grumman

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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