M Holdings Securities Inc. Buys Shares of 1,220 Northrop Grumman Co. (NYSE:NOC)

M Holdings Securities Inc. bought a new stake in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,220 shares of the aerospace company’s stock, valued at approximately $546,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Lansing Street Advisors acquired a new position in shares of Northrop Grumman during the first quarter valued at $25,000. Kings Point Capital Management boosted its holdings in shares of Northrop Grumman by 83.3% during the first quarter. Kings Point Capital Management now owns 55 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 25 shares during the period. Rather & Kittrell Inc. acquired a new position in shares of Northrop Grumman during the fourth quarter valued at $26,000. Delos Wealth Advisors LLC acquired a new position in shares of Northrop Grumman during the fourth quarter valued at $31,000. Finally, Core Alternative Capital boosted its holdings in shares of Northrop Grumman by 666.7% during the first quarter. Core Alternative Capital now owns 69 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 60 shares during the period. Institutional investors own 83.91% of the company’s stock.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $485.20 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average price is $474.99 and its two-hundred day moving average price is $463.42. Northrop Grumman Co. has a 52 week low of $344.89 and a 52 week high of $497.20. The stock has a market cap of $75.07 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 8.94 and a beta of 0.61.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Monday, August 29th were given a $1.73 dividend. This represents a $6.92 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, August 26th. Northrop Grumman’s dividend payout ratio (DPR) is presently 19.26%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NOC shares. Morgan Stanley boosted their price target on shares of Northrop Grumman from $521.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday, July 12th. Royal Bank of Canada started coverage on shares of Northrop Grumman in a report on Monday, August 29th. They issued a “sector perform” rating and a $550.00 price objective for the company. Robert W. Baird raised shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $488.00 to $529.00 in a report on Friday, July 29th. Susquehanna Bancshares upped their price objective on shares of Northrop Grumman from $530.00 to $560.00 and gave the stock a “positive” rating in a report on Wednesday, August 31st. Finally, StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Saturday. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $487.75.

Insiders Place Their Bets

In other Northrop Grumman news, CEO Kathy J. Warden sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $481.87, for a total value of $4,818,700.00. Following the sale, the chief executive officer now directly owns 134,583 shares in the company, valued at $64,851,510.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Northrop Grumman news, VP Sheila C. Cheston sold 4,025 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $473.99, for a total transaction of $1,907,809.75. Following the sale, the vice president now owns 25,350 shares in the company, valued at approximately $12,015,646.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kathy J. Warden sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $481.87, for a total value of $4,818,700.00. Following the sale, the chief executive officer now owns 134,583 shares in the company, valued at approximately $64,851,510.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,607 shares of company stock worth $7,007,034. 0.25% of the stock is owned by corporate insiders.

Northrop Grumman Profile

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Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

See Also

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

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