Integrated Advisors Network LLC decreased its position in shares of Northrop Grumman Co. (NYSE:NOC – Free Report) by 47.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,976 shares of the aerospace company’s stock after selling 1,809 shares during the quarter. Integrated Advisors Network LLC’s holdings in Northrop Grumman were worth $1,044,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of NOC. Ascent Group LLC grew its holdings in shares of Northrop Grumman by 0.5% in the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after buying an additional 20 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its holdings in Northrop Grumman by 0.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock worth $1,131,000 after acquiring an additional 20 shares in the last quarter. Asset Dedication LLC grew its stake in Northrop Grumman by 1.0% in the third quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after acquiring an additional 20 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of Northrop Grumman by 1.4% in the third quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock worth $780,000 after acquiring an additional 20 shares in the last quarter. Finally, Salvus Wealth Management LLC raised its position in shares of Northrop Grumman by 1.6% during the third quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock worth $698,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.
Wall Street Analysts Forecast Growth
NOC has been the subject of several research analyst reports. UBS Group boosted their price objective on Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price target on shares of Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Barclays raised their price objective on shares of Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday. Citigroup upped their target price on shares of Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Susquehanna lifted their price target on Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $550.56.
Northrop Grumman Stock Performance
Shares of NOC opened at $505.45 on Thursday. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The firm has a fifty day simple moving average of $523.58 and a 200 day simple moving average of $482.27. The stock has a market capitalization of $73.64 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.31 and a beta of 0.34. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00.
Northrop Grumman (NYSE:NOC – Get Free Report) last announced its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, topping the consensus estimate of $6.07 by $0.93. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.18 earnings per share. Research analysts forecast that Northrop Grumman Co. will post 25.87 EPS for the current fiscal year.
Northrop Grumman Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is currently 51.05%.
Insider Buying and Selling at Northrop Grumman
In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares in the company, valued at $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 1,490 shares of company stock worth $747,372 over the last quarter. 0.22% of the stock is currently owned by 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.
See Also
- Five stocks we like better than Northrop Grumman
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- High Flyers: 3 Natural Gas Stocks for March 2022
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- Stock Market Upgrades: What Are They?
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
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 – Free Report).
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.