Vinva Investment Management Ltd Has $886,000 Position in Northrop Grumman Co. (NYSE:NOC)

Vinva Investment Management Ltd raised its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 15.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,682 shares of the aerospace company’s stock after buying an additional 227 shares during the period. Vinva Investment Management Ltd’s holdings in Northrop Grumman were worth $886,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in shares of Northrop Grumman by 16.0% during 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 buying an additional 150,367 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Northrop Grumman by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 809,445 shares of the aerospace company’s stock valued at $427,444,000 after buying an additional 3,211 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Northrop Grumman by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock valued at $297,937,000 after buying an additional 125,262 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Northrop Grumman by 15.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 572,451 shares of the aerospace company’s stock valued at $302,294,000 after buying an additional 75,921 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Northrop Grumman by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 443,724 shares of the aerospace company’s stock valued at $229,139,000 after buying an additional 5,203 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $489.88 on Friday. The firm’s 50-day moving average is $517.20 and its 200-day moving average is $487.24. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market cap of $71.37 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 0.99 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter in the previous year, the firm posted $6.18 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Northrop Grumman Co. will post 25.93 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be issued a dividend of $2.06 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $8.24 annualized dividend and a dividend yield of 1.68%. Northrop Grumman’s payout ratio is 51.05%.

Insider Transactions at Northrop Grumman

In other news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $532.93, for a total transaction of $616,067.08. Following the sale, the vice president now directly owns 537 shares in the company, valued at approximately $286,183.41. The trade was a 68.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 1,255 shares of company stock worth $667,727. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NOC shares. UBS Group raised their price target on shares of Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays raised their price target on shares of Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a report on Tuesday, August 27th. Finally, Wells Fargo & Company raised their price target on shares of Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman currently has a consensus rating of “Hold” and a consensus target price of $550.56.

About Northrop Grumman

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.