Intellectus Partners LLC Has $647,000 Holdings in Northrop Grumman Co. (NYSE:NOC)

Intellectus Partners LLC decreased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,225 shares of the aerospace company’s stock after selling 41 shares during the quarter. Intellectus Partners LLC’s holdings in Northrop Grumman were worth $647,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NOC. Capital International Investors boosted its stake in shares of Northrop Grumman by 5.6% during the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after purchasing an additional 621,636 shares in the last quarter. Van ECK Associates Corp boosted its position in Northrop Grumman by 1,915.9% during the 2nd quarter. Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock worth $191,173,000 after buying an additional 416,768 shares during the period. Manning & Napier Advisors LLC bought a new stake in Northrop Grumman during the 2nd quarter worth approximately $90,177,000. Marshall Wace LLP acquired a new position in Northrop Grumman in the 2nd quarter valued at approximately $74,206,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Northrop Grumman by 113.6% during the second quarter. Canada Pension Plan Investment Board now owns 296,844 shares of the aerospace company’s stock valued at $129,409,000 after acquiring an additional 157,854 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NOC shares. Barclays boosted their price objective on shares of Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. StockNews.com raised Northrop Grumman from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Royal Bank of Canada lifted their price objective on Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Morgan Stanley increased their target price on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $550.56.

Northrop Grumman Stock Performance

NYSE NOC opened at $493.88 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. The company has a fifty day simple moving average of $523.70 and a 200 day simple moving average of $486.13. Northrop Grumman Co. has a 12-month low of $418.60 and a 12-month high of $555.57. The company has a market cap of $71.96 billion, a P/E ratio of 30.60, a PEG ratio of 1.05 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same period last year, the company earned $6.18 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that Northrop Grumman Co. will post 25.95 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.67%. Northrop Grumman’s dividend payout ratio is presently 51.05%.

Insider Activity at Northrop Grumman

In other news, VP Benjamin R. Davies sold 1,156 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $532.93, for a total value of $616,067.08. Following the transaction, the vice president now owns 537 shares in the company, valued at $286,183.41. The trade was a 68.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 1,289 shares of company stock valued at $685,273 over the last 90 days. Insiders own 0.22% of the company’s stock.

Northrop Grumman Company 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.