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

Marion Wealth Management increased its position in Northrop Grumman Co. (NYSE:NOC) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,650 shares of the aerospace company’s stock after buying an additional 128 shares during the quarter. Marion Wealth Management’s holdings in Northrop Grumman were worth $1,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Ascent Group LLC grew 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 buying an additional 20 shares during the last quarter. Salvus Wealth Management LLC increased its holdings in shares of Northrop Grumman by 1.6% in the 3rd quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock worth $698,000 after acquiring an additional 21 shares during the period. Turtle Creek Wealth Advisors LLC increased 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 acquiring an additional 22 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its stake in Northrop Grumman by 1.5% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,467 shares of the aerospace company’s stock valued at $640,000 after purchasing an additional 22 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its stake in Northrop Grumman by 2.4% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock valued at $462,000 after purchasing an additional 23 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas H. Jones sold 1,390 shares of the 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 sale, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,846 shares of company stock valued at $1,393,028. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Down 0.5 %

Northrop Grumman stock opened at $534.01 on Tuesday. The firm has a market cap of $79.03 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57. The firm’s 50 day moving average price is $513.44 and its two-hundred day moving average price is $474.85. 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 issued its earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.22 billion for the quarter, compared to analysts’ expectations of $10.02 billion. During the same period in the previous year, the firm posted $5.34 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, research analysts predict that Northrop Grumman Co. will post 25.14 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is presently 57.62%.

Analyst Ratings Changes

Several brokerages have commented on NOC. Barclays lifted their price target on Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. UBS Group lifted their target price on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research note on Friday, July 26th. TD Cowen increased their price target on Northrop Grumman from $440.00 to $515.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Jefferies Financial Group cut 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 note on Tuesday, June 18th. Finally, Royal Bank of Canada increased their target price on shares of Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $523.20.

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.