Fulton Bank N.A. Purchases 252 Shares of Northrop Grumman Co. (NYSE:NOC)

Fulton Bank N.A. boosted its position in shares of Northrop Grumman Co. (NYSE:NOC) by 26.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,215 shares of the aerospace company’s stock after acquiring an additional 252 shares during the quarter. Fulton Bank N.A.’s holdings in Northrop Grumman were worth $530,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in Northrop Grumman during the fourth quarter worth about $25,000. SRS Capital Advisors Inc. raised its holdings in Northrop Grumman by 960.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Bank & Trust Co acquired a new stake in shares of Northrop Grumman during the 2nd quarter worth approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $29,000. Finally, McIlrath & Eck LLC grew its stake in shares of Northrop Grumman by 247.6% in the 4th quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 52 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on NOC. Wells Fargo & Company upped their target price on shares of Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. TD Cowen increased their price target on shares of Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Royal Bank of Canada increased their price target on shares of Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Sanford C. Bernstein downgraded shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target on the stock. in a report on Friday, June 21st. Finally, BTIG Research assumed coverage on shares of Northrop Grumman in a research note on Wednesday, June 26th. They issued a “buy” rating and a $565.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Northrop Grumman currently has an average rating of “Hold” and an average price target of $516.29.

Northrop Grumman Trading Up 1.2 %

Northrop Grumman stock traded up $5.83 during mid-day trading on Wednesday, hitting $492.36. The company’s stock had a trading volume of 407,913 shares, compared to its average volume of 971,739. The company has a 50 day moving average of $444.36 and a 200-day moving average of $455.86. The stock has a market cap of $72.86 billion, a PE ratio of 34.34, a P/E/G ratio of 2.26 and a beta of 0.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. Northrop Grumman Co. has a one year low of $414.56 and a one year high of $506.83.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data 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. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same quarter last year, the company earned $5.34 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research analysts anticipate that Northrop Grumman Co. will post 25.18 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 28th were given a dividend of $2.06 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.87. This represents a $8.24 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, May 24th. Northrop Grumman’s dividend payout ratio (DPR) is currently 57.62%.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman 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 transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

Northrop Grumman 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.