Csenge Advisory Group Sells 91 Shares of Northrop Grumman Co. (NYSE:NOC)

Csenge Advisory Group reduced its position in shares of Northrop Grumman Co. (NYSE:NOC) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,009 shares of the aerospace company’s stock after selling 91 shares during the period. Csenge Advisory Group’s holdings in Northrop Grumman were worth $962,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NOC. Gulf International Bank UK Ltd raised its holdings in shares of Northrop Grumman by 1,402.9% in the first quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock valued at $6,186,000 after purchasing an additional 12,065 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in Northrop Grumman during the 1st quarter worth about $870,000. Fisher Asset Management LLC lifted its position in Northrop Grumman by 7,574.5% during the 4th quarter. Fisher Asset Management LLC now owns 123,637 shares of the aerospace company’s stock worth $57,879,000 after buying an additional 122,026 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Northrop Grumman by 19.7% during the 4th quarter. Raymond James Trust N.A. now owns 16,515 shares of the aerospace company’s stock worth $7,731,000 after buying an additional 2,723 shares during the last quarter. Finally, Red Mountain Financial LLC bought a new position in shares of Northrop Grumman in the 4th quarter valued at about $264,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Performance

NOC opened at $432.10 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.13 and a quick ratio of 1.02. The business has a fifty day simple moving average of $447.51 and a 200 day simple moving average of $457.31. Northrop Grumman Co. has a 1 year low of $414.56 and a 1 year high of $496.89. The company has a market capitalization of $63.95 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 1.99 and a beta of 0.33.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.83 by $0.49. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The company had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the business posted $5.50 earnings per share. Northrop Grumman’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts expect that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 28th were paid a $2.06 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.87. This represents a $8.24 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, May 24th. Northrop Grumman’s payout ratio is 57.62%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. BTIG Research initiated coverage on Northrop Grumman in a report on Wednesday, June 26th. They set a “buy” rating and a $565.00 target price on the stock. Robert W. Baird increased their price objective on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price on the stock in a report on Monday, April 22nd. Sanford C. Bernstein lowered shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target on the stock. in a research report on Friday, June 21st. Finally, Royal Bank of Canada lifted their price objective on shares of Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $510.36.

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.