FSA Wealth Management LLC Buys New Stake in Northrop Grumman Co. (NYSE:NOC)

FSA Wealth Management LLC purchased a new position in shares of Northrop Grumman Co. (NYSE:NOC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68 shares of the aerospace company’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Optimum Investment Advisors boosted its holdings in Northrop Grumman by 241.2% during the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 41 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in shares of Northrop Grumman during the third quarter worth about $31,000. Bank & Trust Co purchased a new position in shares of Northrop Grumman in the second quarter valued at approximately $28,000. Meeder Asset Management Inc. boosted its stake in shares of Northrop Grumman by 245.5% in the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 54 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Northrop Grumman in the third quarter valued at approximately $40,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now owns 537 shares in the company, valued at approximately $286,183.41. The trade was a 68.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 1,255 shares of company stock valued at $667,727. 0.22% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on NOC. UBS Group raised their price target on shares of Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Alembic Global Advisors lowered Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a report on Tuesday, August 27th. Citigroup upped their price target on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada lifted their price objective on Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, Susquehanna upped their target price on shares of Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $550.56.

Northrop Grumman Trading Up 0.1 %

NYSE NOC opened at $489.65 on Monday. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57. The firm has a market cap of $71.34 billion, a PE ratio of 30.34, a P/E/G ratio of 0.99 and a beta of 0.35. The firm’s fifty day moving average is $517.20 and its two-hundred day moving average is $487.46. 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 (NYSE:NOC) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same period in the prior year, the business earned $6.18 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that Northrop Grumman Co. will post 25.93 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be given 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 yield of 1.68%. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

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.