Appleton Partners Inc. MA Boosts Stake in Northrop Grumman Co. (NOC)

Appleton Partners Inc. MA lifted its holdings in Northrop Grumman Co. (NYSE:NOC) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,242 shares of the aerospace company’s stock after buying an additional 289 shares during the period. Appleton Partners Inc. MA’s holdings in Northrop Grumman were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Northrop Grumman by 1.5% in the second quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock worth $3,326,168,000 after buying an additional 192,667 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Northrop Grumman by 0.9% in the second quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock worth $3,307,687,000 after buying an additional 109,532 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Northrop Grumman by 0.3% in the third quarter. Janus Henderson Group PLC now owns 2,929,128 shares of the aerospace company’s stock worth $842,768,000 after buying an additional 9,159 shares in the last quarter. Capital International Investors lifted its stake in shares of Northrop Grumman by 29.4% in the third quarter. Capital International Investors now owns 2,274,928 shares of the aerospace company’s stock worth $654,542,000 after buying an additional 516,427 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Northrop Grumman by 25.9% in the second quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock worth $319,707,000 after buying an additional 256,200 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Northrop Grumman Co. (NYSE:NOC) opened at $315.15 on Friday. Northrop Grumman Co. has a 12-month low of $223.88 and a 12-month high of $315.71. The firm has a market cap of $54,860.00, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.80 and a beta of 0.69. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.76. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the business earned $3.35 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. equities research analysts anticipate that Northrop Grumman Co. will post 13.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, December 1st. Northrop Grumman’s dividend payout ratio is presently 29.81%.

Several research firms recently issued reports on NOC. Goldman Sachs Group set a $320.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Thursday, October 26th. Vertical Research restated a “buy” rating and set a $296.00 price objective (up from $280.00) on shares of Northrop Grumman in a research report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $309.00 price objective for the company in a research report on Wednesday, September 20th. Deutsche Bank restated a “buy” rating and set a $325.00 price objective (up from $285.00) on shares of Northrop Grumman in a research report on Monday, October 2nd. Finally, Bank of America set a $350.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Northrop Grumman has a consensus rating of “Buy” and a consensus price target of $302.21.

In related news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the transaction, the chief operating officer now owns 77,200 shares in the company, valued at $22,885,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Denise M. Peppard sold 5,037 shares of Northrop Grumman stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the completion of the transaction, the vice president now owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,417 shares of company stock valued at $6,365,189. Company insiders own 0.70% of the company’s stock.

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Northrop Grumman Profile

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.

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

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