Trading Report: Today: Ancora Inverness LLC invests in Northrop Grumman Corp. (NOC) Shares

Today: Ancora Inverness LLC invests in Northrop Grumman Corp. (NOC) Shares

Ancora Inverness LLC increased its stake in Northrop Grumman Corp. (NYSE:NOC) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,886 shares of the company’s stock after buying an additional 18 shares during the period. Ancora Inverness LLC’s holdings in Northrop Grumman Corp. were worth $404,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Euclid Advisors LLC boosted its stake in Northrop Grumman Corp. by 108.8% in the first quarter. Euclid Advisors LLC now owns 18,568 shares of the company’s stock valued at $3,675,000 after buying an additional 9,677 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in Northrop Grumman Corp. by 34.2% in the first quarter. First Republic Investment Management Inc. now owns 21,477 shares of the company’s stock valued at $4,249,000 after buying an additional 5,477 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in Northrop Grumman Corp. by 8.5% in the second quarter. Integrated Investment Consultants LLC now owns 700 shares of the company’s stock valued at $156,000 after buying an additional 55 shares in the last quarter. Cullinan Associates Inc. boosted its stake in Northrop Grumman Corp. by 77.6% in the second quarter. Cullinan Associates Inc. now owns 2,487 shares of the company’s stock valued at $553,000 after buying an additional 1,087 shares in the last quarter. Finally, CenturyLink Investment Management Co bought a new stake in Northrop Grumman Corp. during the second quarter valued at approximately $282,000. 80.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Northrop Grumman Corp. (NYSE:NOC) traded down 0.259% during mid-day trading on Monday, reaching $247.935. 137,809 shares of the company traded hands. The firm has a market capitalization of $43.70 billion, a price-to-earnings ratio of 21.158 and a beta of 0.66. Northrop Grumman Corp. has a 52 week low of $175.00 and a 52 week high of $253.09. The firm has a 50-day moving average price of $230.44 and a 200 day moving average price of $219.61.

Northrop Grumman Corp. (NYSE:NOC) last released its quarterly earnings data on Wednesday, October 26th. The company reported $3.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.81 by $0.54. Northrop Grumman Corp. had a net margin of 8.96% and a return on equity of 34.10%. The company earned $6.20 billion during the quarter, compared to analyst estimates of $6.01 billion. During the same period in the prior year, the firm earned $2.75 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts anticipate that Northrop Grumman Corp. will post $11.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Monday, December 5th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, December 1st. Northrop Grumman Corp.’s dividend payout ratio (DPR) is presently 30.72%.

A number of research analysts recently issued reports on the stock. Citigroup Inc. lifted their price target on shares of Northrop Grumman Corp. from $235.00 to $243.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th. Zacks Investment Research raised shares of Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $252.00 price target for the company in a research report on Friday, October 28th. Jefferies Group reissued a “buy” rating and set a $260.00 price target (up from $250.00) on shares of Northrop Grumman Corp. in a research report on Friday, October 28th. Barclays PLC raised shares of Northrop Grumman Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $230.00 to $270.00 in a research report on Thursday, November 10th. Finally, Vertical Research assumed coverage on shares of Northrop Grumman Corp. in a research report on Friday, October 28th. They set a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Northrop Grumman Corp. has a consensus rating of “Buy” and an average target price of $236.16.

In other Northrop Grumman Corp. news, VP Christopher T. Jones sold 240 shares of the stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $212.20, for a total transaction of $50,928.00. Following the completion of the sale, the vice president now directly owns 47,780 shares of the company’s stock, valued at $10,138,916. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Wesley G. Bush sold 35,000 shares of the stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $228.37, for a total transaction of $7,992,950.00. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Northrop Grumman Corp. Company Profile

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

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