1,441 Shares in Northrop Grumman Co. (NYSE:NOC) Bought by Nwam LLC

Nwam LLC bought a new position in shares of Northrop Grumman Co. (NYSE:NOC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,441 shares of the aerospace company’s stock, valued at approximately $761,000.

Several other large investors also recently bought and sold shares of NOC. Meridian Wealth Management LLC purchased a new stake in shares of Northrop Grumman in the 3rd quarter worth about $4,089,000. Icon Wealth Advisors LLC lifted its holdings in shares of Northrop Grumman by 551.8% in the third quarter. Icon Wealth Advisors LLC now owns 7,411 shares of the aerospace company’s stock valued at $3,914,000 after purchasing an additional 6,274 shares in the last quarter. GM Advisory Group LLC acquired a new stake in shares of Northrop Grumman in the third quarter valued at approximately $226,000. First County Bank CT increased its stake in shares of Northrop Grumman by 32.2% during the 3rd quarter. First County Bank CT now owns 825 shares of the aerospace company’s stock worth $436,000 after purchasing an additional 201 shares in the last quarter. Finally, Darden Wealth Group Inc acquired a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $227,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.1 %

NYSE NOC opened at $496.87 on Friday. The firm has a market capitalization of $72.39 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 1.00 and a beta of 0.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57. The company’s 50 day moving average price is $520.60 and its 200 day moving average price is $486.84.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter last year, the firm posted $6.18 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts predict that Northrop Grumman Co. will post 25.93 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be paid a $2.06 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.66%. Northrop Grumman’s dividend payout ratio (DPR) is currently 51.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays raised their price target on Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada lifted their price objective on Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. TD Cowen upgraded shares of Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. Morgan Stanley lifted their price target on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, Susquehanna upped their price objective on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $550.56.

Insider Activity at Northrop Grumman

In related news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $532.93, for a total transaction of $616,067.08. Following the completion of the sale, the vice president now directly owns 537 shares of the company’s stock, valued at approximately $286,183.41. This trade represents a 68.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 1,289 shares of company stock worth $685,273. 0.22% of the stock is currently 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.