180 Wealth Advisors LLC lifted its position in Northrop Grumman Co. (NYSE:NOC – Free Report) by 15.6% in the 2nd quarter, Holdings Channel reports. The fund owned 5,457 shares of the aerospace company’s stock after buying an additional 735 shares during the period. 180 Wealth Advisors LLC’s holdings in Northrop Grumman were worth $2,500,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Bbjs Financial Advisors LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter worth approximately $27,000. ST Germain D J Co. Inc. acquired a new position in Northrop Grumman in the 4th quarter valued at approximately $27,000. State of Wyoming lifted its position in Northrop Grumman by 76.5% in the 4th quarter. State of Wyoming now owns 60 shares of the aerospace company’s stock worth $33,000 after buying an additional 26 shares in the last quarter. Sageworth Trust Co boosted its stake in shares of Northrop Grumman by 1,440.0% during the 1st quarter. Sageworth Trust Co now owns 77 shares of the aerospace company’s stock valued at $36,000 after buying an additional 72 shares during the period. Finally, AXS Investments LLC purchased a new position in shares of Northrop Grumman during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 82.40% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Bank of America cut their price target on Northrop Grumman from $655.00 to $615.00 and set a “buy” rating for the company in a research note on Friday, July 28th. Citigroup decreased their target price on shares of Northrop Grumman from $502.00 to $485.00 and set a “neutral” rating for the company in a research report on Friday, July 28th. Wells Fargo & Company cut their price target on shares of Northrop Grumman from $485.00 to $435.00 and set an “equal weight” rating on the stock in a report on Monday. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Northrop Grumman in a report on Thursday, August 3rd. Finally, Sanford C. Bernstein decreased their price target on Northrop Grumman from $581.00 to $569.00 in a research note on Friday, June 30th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $503.07.
Northrop Grumman Price Performance
NOC traded up $5.75 during midday trading on Monday, hitting $439.24. The company had a trading volume of 105,015 shares, compared to its average volume of 840,820. Northrop Grumman Co. has a twelve month low of $416.71 and a twelve month high of $556.27. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.09 and a current ratio of 1.20. The firm’s 50-day simple moving average is $438.56 and its 200-day simple moving average is $449.09. The company has a market capitalization of $66.46 billion, a PE ratio of 14.36, a P/E/G ratio of 4.70 and a beta of 0.52.
Northrop Grumman (NYSE:NOC – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The aerospace company reported $5.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.31 by $0.03. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.32 billion. Northrop Grumman had a return on equity of 24.90% and a net margin of 12.27%. Equities research analysts predict that Northrop Grumman Co. will post 22.63 EPS for the current fiscal year.
Northrop Grumman Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th were given a dividend of $1.87 per share. The ex-dividend date of this dividend was Friday, August 25th. This represents a $7.48 dividend on an annualized basis and a yield of 1.70%. Northrop Grumman’s payout ratio is presently 24.78%.
In related news, VP Mark A. Caylor sold 1,670 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $437.87, for a total transaction of $731,242.90. Following the completion of the sale, the vice president now directly owns 14,570 shares of the company’s stock, valued at $6,379,765.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.
Northrop Grumman Company Profile
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 in the United States and internationally. 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.
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