1,154 Shares in Northrop Grumman Co. (NYSE:NOC) Bought by Total Wealth Planning LLC

Total Wealth Planning LLC acquired a new position in Northrop Grumman Co. (NYSE:NOC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,154 shares of the aerospace company’s stock, valued at approximately $609,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aspect Partners LLC bought a new position in shares of Northrop Grumman in the 4th quarter worth about $329,000. V Square Quantitative Management LLC boosted its position in shares of Northrop Grumman by 9.6% in the 4th quarter. V Square Quantitative Management LLC now owns 458 shares of the aerospace company’s stock worth $214,000 after purchasing an additional 40 shares in the last quarter. WNY Asset Management LLC purchased a new stake in shares of Northrop Grumman in the 4th quarter worth approximately $230,000. Virtu Financial LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter worth $771,000. Finally, Integrated Advisors Network LLC grew its position in Northrop Grumman by 47.1% during the 4th quarter. Integrated Advisors Network LLC now owns 3,924 shares of the aerospace company’s stock valued at $1,837,000 after purchasing an additional 1,256 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

NOC stock traded up $1.61 during midday trading on Friday, hitting $528.70. The company’s stock had a trading volume of 325,156 shares, compared to its average volume of 878,648. The firm has a market capitalization of $78.24 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The company has a 50 day moving average of $517.80 and a two-hundred day moving average of $476.93.

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 firm had revenue of $10.22 billion during the quarter, compared to analyst estimates of $10.02 billion. During the same quarter last year, the business posted $5.34 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts expect that Northrop Grumman Co. will post 25.16 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were given a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is presently 57.62%.

Insider Activity at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction dated 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 transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction 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 $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the transaction, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,879 shares of company stock valued at $1,410,703 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup upped their price objective on Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays lifted their price target on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their target price 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. UBS Group increased their target price on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target for the company. in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Hold” and a consensus target price of $527.19.

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.