nVerses Capital LLC Has $1 Million Stock Position in Northrop Grumman Co. (NYSE:NOC)

nVerses Capital LLC cut its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,900 shares of the aerospace company’s stock after selling 100 shares during the quarter. nVerses Capital LLC’s holdings in Northrop Grumman were worth $1,003,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NOC. Capital International Investors boosted its stake in Northrop Grumman by 5.6% in 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 purchasing an additional 621,636 shares during the period. Van ECK Associates Corp increased its holdings in Northrop Grumman by 1,915.9% in the 2nd quarter. Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock worth $191,173,000 after purchasing an additional 416,768 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Northrop Grumman by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after purchasing an additional 211,459 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in Northrop Grumman in the 2nd quarter worth about $90,177,000. Finally, Global Assets Advisory LLC acquired a new position in Northrop Grumman in the 1st quarter worth about $83,182,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 1.3 %

NYSE NOC traded down $7.16 on Thursday, hitting $524.27. The company’s stock had a trading volume of 314,688 shares, compared to its average volume of 870,619. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The company’s 50-day simple moving average is $520.27 and its 200 day simple moving average is $478.08. The firm has a market cap of $77.59 billion, a P/E ratio of 37.16, a PEG ratio of 2.44 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping the consensus estimate of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The business had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter last year, the business posted $5.34 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Research analysts predict that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 1.57%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is currently 57.62%.

Insiders Place Their Bets

In related news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares in the company, valued at $2,317,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the transaction, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,879 shares of company stock worth $1,410,703. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of recent research reports. Royal Bank of Canada upped their target price on Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Morgan Stanley boosted their price objective on Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, BTIG Research began coverage on Northrop Grumman in a research report on Wednesday, June 26th. They set a “buy” rating and a $565.00 target price on the stock. 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, the stock has a consensus rating of “Hold” and an average target price of $535.00.

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.