Northrop Grumman Co. (NYSE:NOC) Stock Holdings Increased by Kingfisher Capital LLC

Kingfisher Capital LLC increased its holdings in Northrop Grumman Co. (NYSE:NOC) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 3,116 shares of the aerospace company’s stock after purchasing an additional 62 shares during the period. Kingfisher Capital LLC’s holdings in Northrop Grumman were worth $1,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bogart Wealth LLC raised its holdings in shares of Northrop Grumman by 14.1% in the 1st quarter. Bogart Wealth LLC now owns 170 shares of the aerospace company’s stock worth $81,000 after purchasing an additional 21 shares in the last quarter. Turtle Creek Wealth Advisors LLC raised its holdings in shares of Northrop Grumman by 4.6% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock worth $218,000 after purchasing an additional 22 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Northrop Grumman by 2.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock worth $462,000 after purchasing an additional 23 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of Northrop Grumman by 1.1% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,068 shares of the aerospace company’s stock worth $902,000 after purchasing an additional 23 shares in the last quarter. Finally, Renasant Bank increased its position in shares of Northrop Grumman by 3.3% in the first quarter. Renasant Bank now owns 743 shares of the aerospace company’s stock worth $356,000 after acquiring an additional 24 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NOC. UBS Group lifted their target price on shares of Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Jefferies Financial Group lowered their price objective on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a research report on Tuesday, June 18th. BTIG Research started coverage on shares of Northrop Grumman in a research note on Wednesday, June 26th. They issued a “buy” rating and a $565.00 target price for the company. Finally, TD Cowen lifted their target price on shares of Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and a consensus target price of $523.20.

Northrop Grumman Price Performance

NYSE:NOC opened at $529.80 on Wednesday. The stock has a market cap of $77.48 billion, a P/E ratio of 37.05, a PEG ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a one year low of $414.56 and a one year high of $534.61. The company has a fifty day moving average price of $499.98 and a 200 day moving average price of $470.88. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating the consensus estimate of $5.93 by $0.43. The firm had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 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 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $5.34 EPS. Analysts anticipate that Northrop Grumman Co. will post 25.14 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

Insider Activity

In other news, VP Thomas H. Jones sold 1,390 shares of the 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 transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, VP Thomas H. Jones sold 1,390 shares of the 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 transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas H. Jones sold 1,389 shares of the 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 completion of the transaction, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,846 shares of company stock worth $1,393,028. 0.22% of the stock is currently owned by corporate insiders.

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.