Talbot Financial LLC Has $13.20 Million Stock Position in Northrop Grumman Co. (NYSE:NOC)

Talbot Financial LLC increased its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,989 shares of the aerospace company’s stock after acquiring an additional 343 shares during the quarter. Northrop Grumman comprises approximately 1.6% of Talbot Financial LLC’s holdings, making the stock its 22nd largest holding. Talbot Financial LLC’s holdings in Northrop Grumman were worth $13,196,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Gulf International Bank UK Ltd increased its stake in Northrop Grumman by 1,402.9% during the first quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock valued at $6,186,000 after acquiring an additional 12,065 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Northrop Grumman during the 1st quarter worth approximately $870,000. Norden Group LLC bought a new stake in Northrop Grumman in the first quarter valued at $778,000. Aviso Wealth Management grew its holdings in shares of Northrop Grumman by 110.7% in the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock worth $827,000 after purchasing an additional 996 shares during the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new stake in shares of Northrop Grumman during the 2nd quarter worth about $1,133,000. 83.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and raised their price target for the company from $474.00 to $575.00 in a report on Monday, July 29th. BTIG Research assumed coverage on Northrop Grumman in a research note on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price objective on the stock. UBS Group increased their target price on Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Morgan Stanley upped their price target 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Hold” and an average price target of $523.20.

Insider Buying and Selling at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the transaction, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,879 shares of company stock valued at $1,410,703. 0.22% of the stock is currently owned by company insiders.

Northrop Grumman Stock Down 0.2 %

Shares of NYSE NOC opened at $532.65 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $78.83 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. The firm’s 50-day moving average is $514.57 and its 200-day moving average is $475.32. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. The firm had revenue of $10.22 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $5.34 EPS. Equities analysts expect that Northrop Grumman Co. will post 25.14 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.55%. Northrop Grumman’s dividend payout ratio is presently 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.