Silver Oak Securities Incorporated Has $241,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Silver Oak Securities Incorporated boosted its position in Northrop Grumman Co. (NYSE:NOC) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 516 shares of the aerospace company’s stock after buying an additional 54 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Northrop Grumman were worth $241,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wesbanco Bank Inc. raised its position in Northrop Grumman by 1.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 1,782 shares of the aerospace company’s stock valued at $784,000 after buying an additional 21 shares during the last quarter. Ausdal Financial Partners Inc. raised its position in Northrop Grumman by 4.4% in the 4th quarter. Ausdal Financial Partners Inc. now owns 524 shares of the aerospace company’s stock valued at $245,000 after buying an additional 22 shares during the last quarter. Secure Asset Management LLC raised its position in Northrop Grumman by 2.7% in the 4th quarter. Secure Asset Management LLC now owns 844 shares of the aerospace company’s stock valued at $395,000 after buying an additional 22 shares during the last quarter. Simon Quick Advisors LLC raised its position in Northrop Grumman by 4.0% in the 3rd quarter. Simon Quick Advisors LLC now owns 604 shares of the aerospace company’s stock valued at $266,000 after buying an additional 23 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Northrop Grumman by 16.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 165 shares of the aerospace company’s stock valued at $73,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NOC shares. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Susquehanna boosted their price target on Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. TheStreet lowered Northrop Grumman from a “b+” rating to a “c+” rating in a research report on Thursday, January 25th. Robert W. Baird boosted their price target on Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada boosted their price target on Northrop Grumman from $450.00 to $475.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $509.38.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $485.94 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. Northrop Grumman Co. has a 12 month low of $414.56 and a 12 month high of $496.89. The stock has a 50 day moving average of $464.44 and a 200-day moving average of $465.89. The company has a market capitalization of $71.91 billion, a P/E ratio of 33.98, a P/E/G ratio of 1.99 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, topping the consensus estimate of $5.83 by $0.49. The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $9.77 billion. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $5.50 EPS. As a group, equities research analysts predict that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 26th were paid a $1.87 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $7.48 annualized dividend and a yield of 1.54%. Northrop Grumman’s dividend payout ratio (DPR) is presently 52.31%.

Insider Activity at Northrop Grumman

In related news, CAO Michael A. Hardesty sold 955 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $430,103.35. Following the completion of the sale, the chief accounting officer now directly owns 4,137 shares in the company, valued at approximately $1,863,180.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Michael A. Hardesty sold 955 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $450.37, for a total transaction of $430,103.35. Following the completion of the sale, the chief accounting officer now directly owns 4,137 shares in the company, valued at approximately $1,863,180.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kathryn G. Simpson sold 1,273 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $450.37, for a total value of $573,321.01. Following the sale, the vice president now owns 2,735 shares of the company’s stock, valued at $1,231,761.95. The disclosure for this sale can be found here. Insiders sold 3,149 shares of company stock worth $1,421,147 in the last ninety days. 0.22% of the stock is owned by company insiders.

Northrop Grumman Company 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.