Strategic Investment Solutions Inc. IL Takes Position in Northrop Grumman Co. (NYSE:NOC)

Strategic Investment Solutions Inc. IL acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 210 shares of the aerospace company’s stock, valued at approximately $92,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NOC. Capital International Investors grew its position in shares of Northrop Grumman by 5.6% during the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after buying an additional 621,636 shares during the period. Van ECK Associates Corp grew its holdings in Northrop Grumman by 1,915.9% during the second quarter. Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock valued at $191,173,000 after purchasing an additional 416,768 shares during the period. JPMorgan Chase & Co. increased its stake in Northrop Grumman by 4.8% in the first quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock valued at $2,218,132,000 after purchasing an additional 211,459 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in Northrop Grumman in the second quarter valued at approximately $90,177,000. Finally, Global Assets Advisory LLC acquired a new stake in Northrop Grumman in the first quarter worth $83,182,000. Institutional investors own 83.40% of the company’s stock.

Insider Activity

In other news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the sale, the vice president now directly owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction that occurred on Friday, July 26th. The stock was 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 directly owns 6,755 shares in the company, valued at approximately $3,225,917.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. 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 quarter. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Sanford C. Bernstein lowered Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target on the stock. in a research report on Friday, June 21st. 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 research report on Friday, July 26th. TD Cowen increased their target price on Northrop Grumman from $440.00 to $515.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, BTIG Research began coverage on shares of Northrop Grumman in a report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $523.20.

Northrop Grumman Trading Down 0.9 %

Northrop Grumman stock opened at $538.85 on Thursday. The company has a market cap of $79.74 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 2.44 and a beta of 0.34. The firm has a 50-day moving average of $510.97 and a 200-day moving average of $473.82. 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 Co. has a one year low of $414.56 and a one year high of $555.57.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results 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 the consensus estimate of $10.02 billion. During the same period last year, the company earned $5.34 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts expect that Northrop Grumman Co. will post 25.14 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is currently 57.62%.

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.