Northrop Grumman Co. (NOC) Shares Sold by Checchi Capital Advisers LLC

Share on StockTwits

Checchi Capital Advisers LLC lowered its holdings in Northrop Grumman Co. (NYSE:NOC) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,644 shares of the aerospace company’s stock after selling 293 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Northrop Grumman were worth $892,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Gantzert Investment Co. LLC ADV purchased a new stake in Northrop Grumman in the fourth quarter valued at $32,000. Penserra Capital Management LLC raised its position in Northrop Grumman by 31.3% in the fourth quarter. Penserra Capital Management LLC now owns 168 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 40 shares during the period. First Mercantile Trust Co. purchased a new stake in Northrop Grumman in the fourth quarter valued at $47,000. CenterStar Asset Management LLC purchased a new stake in Northrop Grumman in the fourth quarter valued at $61,000. Finally, NuWave Investment Management LLC raised its position in Northrop Grumman by 6,175.0% in the fourth quarter. NuWave Investment Management LLC now owns 251 shares of the aerospace company’s stock valued at $61,000 after purchasing an additional 247 shares during the period. Institutional investors own 87.31% of the company’s stock.

A number of equities research analysts have recently weighed in on NOC shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Northrop Grumman in a research note on Thursday, January 31st. Morgan Stanley dropped their price objective on Northrop Grumman from $346.00 to $318.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 14th. Jefferies Financial Group dropped their price objective on Northrop Grumman from $400.00 to $324.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Zacks Investment Research cut Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 26th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $335.00 price objective on shares of Northrop Grumman in a research note on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Northrop Grumman currently has a consensus rating of “Buy” and a consensus target price of $336.39.

NOC opened at $286.98 on Monday. Northrop Grumman Co. has a 12 month low of $223.63 and a 12 month high of $360.88. The firm has a market cap of $48.71 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.24 and a beta of 0.89. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 1.70.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, January 31st. The aerospace company reported $4.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.45 by $0.48. Northrop Grumman had a return on equity of 41.24% and a net margin of 9.73%. The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the firm posted $2.82 EPS. As a group, research analysts forecast that Northrop Grumman Co. will post 19.17 EPS for the current fiscal year.

Northrop Grumman declared that its board has approved a stock buyback program on Tuesday, December 4th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the aerospace company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 13th. Investors of record on Monday, February 25th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $4.80 annualized dividend and a yield of 1.67%. Northrop Grumman’s payout ratio is 22.50%.

TRADEMARK VIOLATION NOTICE: This story was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/4160839/northrop-grumman-co-noc-shares-sold-by-checchi-capital-advisers-llc.html.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

See Also: What is intrinsic value?

Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Co. (NYSE:NOC).

Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Prudential Public Limited  Given Average Recommendation of “Hold” by Brokerages
Prudential Public Limited Given Average Recommendation of “Hold” by Brokerages
Gluskin Sheff + Associates  Given New C$14.25 Price Target at CIBC
Gluskin Sheff + Associates Given New C$14.25 Price Target at CIBC
Pan American Silver  PT Raised to C$23.50 at Pi Financial
Pan American Silver PT Raised to C$23.50 at Pi Financial
National Bank Financial Raises Aecon Group  Price Target to C$24.00
National Bank Financial Raises Aecon Group Price Target to C$24.00
iShares Edge MSCI Min Vol EAFE ETF  Shares Bought by AE Wealth Management LLC
iShares Edge MSCI Min Vol EAFE ETF Shares Bought by AE Wealth Management LLC
AE Wealth Management LLC Has $309,000 Stake in Columbia Property Trust
AE Wealth Management LLC Has $309,000 Stake in Columbia Property Trust


© 2006-2019 Ticker Report