3,049 Shares in Northrop Grumman Co. (NYSE:NOC) Bought by FCG Investment Co

FCG Investment Co purchased a new position in shares of Northrop Grumman Co. (NYSE:NOC) in the third quarter, HoldingsChannel.com reports. The firm purchased 3,049 shares of the aerospace company’s stock, valued at approximately $1,610,000.

A number of other large investors have also recently bought and sold shares of the business. Ascent Group LLC boosted its stake in Northrop Grumman by 0.5% during the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after purchasing an additional 20 shares during the period. Cornell Pochily Investment Advisors Inc. boosted its stake in Northrop Grumman by 0.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock worth $1,131,000 after purchasing an additional 20 shares during the period. Asset Dedication LLC raised its position in Northrop Grumman by 1.0% during the 3rd quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock worth $1,069,000 after buying an additional 20 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Northrop Grumman by 1.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock worth $780,000 after buying an additional 20 shares during the last quarter. Finally, Salvus Wealth Management LLC raised its position in Northrop Grumman by 1.6% during the 3rd quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock worth $698,000 after buying an additional 21 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.2 %

NYSE NOC opened at $518.50 on Monday. The firm has a market capitalization of $76.73 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 2.38 and a beta of 0.34. The company’s 50 day moving average price is $523.54 and its 200 day moving average price is $481.38. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57. 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 (NYSE:NOC) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.18 earnings per share. On average, sell-side analysts predict that Northrop Grumman Co. will post 25.16 EPS for the current year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.59%. Northrop Grumman’s dividend payout ratio is currently 57.62%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NOC. TD Cowen upgraded shares of Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Morgan Stanley upped their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Royal Bank of Canada upped their price objective on shares of Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a research report on Friday. Susquehanna upped their price objective on shares of Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a research report on Friday. Finally, UBS Group upped their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $547.44.

Insider Buying and Selling

In related news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction 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 completion of the sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 1,490 shares of company stock worth $747,372. Insiders own 0.22% of the company’s stock.

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.