Northrop Grumman Co. (NYSE:NOC) Holdings Lifted by Talbot Financial LLC

Talbot Financial LLC increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,989 shares of the aerospace company’s stock after acquiring an additional 343 shares during the period. Northrop Grumman makes up about 1.6% of Talbot Financial LLC’s investment portfolio, making the stock its 22nd largest position. Talbot Financial LLC’s holdings in Northrop Grumman were worth $13,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOC. Optimum Investment Advisors grew its stake in shares of Northrop Grumman by 241.2% in the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 41 shares during the last quarter. Bank & Trust Co bought a new stake in Northrop Grumman during the second quarter worth approximately $28,000. Meeder Asset Management Inc. boosted its holdings in Northrop Grumman by 245.5% during the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after buying an additional 54 shares in the last quarter. Rise Advisors LLC acquired a new position in Northrop Grumman in the first quarter worth approximately $38,000. Finally, Riverview Trust Co bought a new position in shares of Northrop Grumman in the first quarter valued at $47,000. 83.40% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was 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 directly owns 4,634 shares in the company, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction that occurred 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 transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,879 shares of company stock valued at $1,410,703. Insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Down 0.2 %

NYSE:NOC opened at $532.65 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market capitalization of $78.83 billion, a P/E ratio of 37.25, a P/E/G ratio of 2.44 and a beta of 0.34. The stock’s 50 day moving average price is $514.57 and its 200 day moving average price is $475.32. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. The business had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. Northrop Grumman’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $5.34 EPS. On average, research analysts forecast that Northrop Grumman Co. will post 25.14 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.55%. Northrop Grumman’s dividend payout ratio is currently 57.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NOC shares. UBS Group lifted their target price on Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Barclays raised their target price on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. BTIG Research assumed coverage on shares of Northrop Grumman in a report on Wednesday, June 26th. They set a “buy” rating and a $565.00 price target on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Northrop Grumman currently has an average rating of “Hold” and an average target price of $523.20.

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.