Janney Montgomery Scott LLC Has $26.34 Million Position in Northrop Grumman Co. (NYSE:NOC)

Janney Montgomery Scott LLC lowered its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,878 shares of the aerospace company’s stock after selling 1,969 shares during the period. Janney Montgomery Scott LLC’s holdings in Northrop Grumman were worth $26,339,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Capital International Investors boosted its stake in shares of Northrop Grumman by 5.6% during the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after buying an additional 621,636 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Northrop Grumman by 4.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock valued at $2,218,132,000 after buying an additional 211,459 shares during the period. Capital World Investors lifted its stake in shares of Northrop Grumman by 0.6% in the 1st quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock valued at $1,765,543,000 after purchasing an additional 23,398 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Northrop Grumman by 16.0% in the 2nd quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock valued at $474,276,000 after purchasing an additional 150,367 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Northrop Grumman by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock valued at $297,937,000 after purchasing an additional 125,262 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.1 %

Northrop Grumman stock opened at $507.44 on Tuesday. The business has a 50 day moving average price of $523.43 and a two-hundred day moving average price of $483.68. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00. The stock has a market cap of $73.93 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 1.03 and a beta of 0.35. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.07 by $0.93. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.18 EPS. As a group, equities analysts forecast that Northrop Grumman Co. will post 25.95 EPS for the current year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.62%. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NOC. Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research note on Tuesday, August 27th. Citigroup lifted their price objective on shares of Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Susquehanna lifted their price objective on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $550.56.

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.