Northrop Grumman Co. (NYSE:NOC) Shares Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC boosted its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 542 shares of the aerospace company’s stock after buying an additional 31 shares during the period. Angeles Wealth Management LLC’s holdings in Northrop Grumman were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd lifted its stake in shares of Northrop Grumman by 1,402.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock valued at $6,186,000 after purchasing an additional 12,065 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $870,000. Norden Group LLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $778,000. Fisher Asset Management LLC lifted its stake in shares of Northrop Grumman by 7,574.5% in the 4th quarter. Fisher Asset Management LLC now owns 123,637 shares of the aerospace company’s stock valued at $57,879,000 after purchasing an additional 122,026 shares during the last quarter. Finally, Red Mountain Financial LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $264,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the sale, the vice president now directly owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of the 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 disclosure for this sale can be found here. Insiders sold a total of 2,846 shares of company stock valued at $1,393,028 in the last three months. 0.22% of the stock is currently owned by company insiders.

Northrop Grumman Trading Down 0.8 %

NYSE:NOC opened at $515.93 on Thursday. The stock has a 50-day simple moving average of $483.37 and a 200-day simple moving average of $466.71. The stock has a market cap of $76.35 billion, a P/E ratio of 36.08, a P/E/G ratio of 2.36 and a beta of 0.34. Northrop Grumman Co. has a 1 year low of $414.56 and a 1 year high of $528.76. 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 released its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.43. The business had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.34 EPS. As a group, analysts anticipate that Northrop Grumman Co. will post 25.14 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd will be given a $2.06 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.60%. Northrop Grumman’s dividend payout ratio (DPR) is presently 57.62%.

Analysts Set New Price Targets

NOC has been the topic of several research analyst reports. Royal Bank of Canada boosted their price objective on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. BTIG Research assumed coverage on Northrop Grumman in a report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price objective on the stock. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and upped their price target for the stock from $474.00 to $575.00 in a report on Monday, July 29th. Finally, Alembic Global Advisors downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $523.20.

About Northrop Grumman

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.