IHT Wealth Management LLC Buys 125 Shares of Northrop Grumman Co. (NYSE:NOC)

IHT Wealth Management LLC increased its stake in shares of Northrop Grumman Co. (NYSE:NOC – Get Rating) by 9.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,502 shares of the aerospace company’s stock after acquiring an additional 125 shares during the period. IHT Wealth Management LLC’s holdings in Northrop Grumman were worth $706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its stake in Northrop Grumman by 96.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 10,984 shares of the aerospace company’s stock valued at $5,166,000 after buying an additional 5,389 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in Northrop Grumman in the third quarter valued at approximately $6,548,000. FourThought Financial LLC raised its stake in Northrop Grumman by 2.2% in the third quarter. FourThought Financial LLC now owns 18,064 shares of the aerospace company’s stock valued at $8,496,000 after buying an additional 390 shares during the period. CENTRAL TRUST Co raised its stake in Northrop Grumman by 0.3% in the third quarter. CENTRAL TRUST Co now owns 10,471 shares of the aerospace company’s stock valued at $4,924,000 after buying an additional 31 shares during the period. Finally, M&T Bank Corp raised its stake in Northrop Grumman by 1.9% in the third quarter. M&T Bank Corp now owns 19,471 shares of the aerospace company’s stock valued at $9,158,000 after buying an additional 367 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the topic of several research reports. Citigroup decreased their target price on Northrop Grumman from $544.00 to $488.00 and set a “neutral” rating on the stock in a research report on Friday, January 27th. Royal Bank of Canada decreased their target price on Northrop Grumman from $550.00 to $520.00 and set an “outperform” rating on the stock in a research report on Friday, January 27th. The Goldman Sachs Group downgraded Northrop Grumman from a “neutral” rating to a “sell” rating and decreased their target price for the company from $440.00 to $375.00 in a research report on Friday, January 13th. Cowen downgraded Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $478.00 target price on the stock. in a research report on Friday, January 27th. Finally, JPMorgan Chase & Co. decreased their target price on Northrop Grumman from $465.00 to $400.00 and set a “neutral” rating on the stock in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Hold” and an average price target of $508.13.

Northrop Grumman Trading Down 1.5 %

Shares of NOC stock opened at $443.60 on Friday. The stock’s fifty day moving average price is $460.85 and its two-hundred day moving average price is $494.53. The company has a market cap of $67.48 billion, a PE ratio of 14.08, a P/E/G ratio of 5.90 and a beta of 0.51. Northrop Grumman Co. has a fifty-two week low of $424.35 and a fifty-two week high of $556.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.99 and a current ratio of 1.08.

Northrop Grumman (NYSE:NOC – Get Rating) last issued its earnings results on Thursday, January 26th. The aerospace company reported $7.50 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.93. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.64 billion. Northrop Grumman had a return on equity of 28.29% and a net margin of 13.38%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.00 EPS. Equities analysts predict that Northrop Grumman Co. will post 22.04 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Monday, February 27th were paid a $1.73 dividend. This represents a $6.92 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, February 24th. Northrop Grumman’s payout ratio is 21.96%.

Insider Activity

In other news, VP Sheila C. Cheston sold 2,547 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $467.81, for a total value of $1,191,512.07. Following the completion of the transaction, the vice president now directly owns 24,249 shares in the company, valued at approximately $11,343,924.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Sheila C. Cheston sold 2,547 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $467.81, for a total value of $1,191,512.07. Following the completion of the transaction, the vice president now directly owns 24,249 shares in the company, valued at approximately $11,343,924.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David T. Perry sold 3,999 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $469.65, for a total value of $1,878,130.35. Following the transaction, the vice president now directly owns 8,717 shares of the company’s stock, valued at $4,093,939.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,534 shares of company stock worth $4,934,622. Insiders own 0.25% of the company’s stock.

About Northrop Grumman

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Northrop Grumman Corp. engages in the provision of advanced aircraft systems. It operates through the following segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment is involved in the design, development, production, integration, sustainment, and modernization of advanced aircraft systems for the U.S.