Northrop Grumman Co. (NYSE:NOC) Holdings Boosted by Atomi Financial Group Inc.

Atomi Financial Group Inc. boosted its holdings in Northrop Grumman Co. (NYSE:NOC) by 27.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 867 shares of the aerospace company’s stock after acquiring an additional 187 shares during the period. Atomi Financial Group Inc.’s holdings in Northrop Grumman were worth $458,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NOC. Optimum Investment Advisors raised its holdings in shares of Northrop Grumman by 241.2% during the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after buying an additional 41 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Northrop Grumman during the second quarter valued at approximately $28,000. Meeder Asset Management Inc. raised its holdings in shares of Northrop Grumman by 245.5% during the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after buying an additional 54 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Northrop Grumman during the first quarter valued at approximately $38,000. Finally, Riverview Trust Co bought a new stake in shares of Northrop Grumman during the first quarter valued at approximately $47,000. Institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NOC shares. TD Cowen raised Northrop Grumman to a “hold” rating in a report on Tuesday. BTIG Research began coverage on shares of Northrop Grumman in a research note on Wednesday, June 26th. They set a “buy” rating and a $565.00 price objective on the stock. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. UBS Group raised their price objective on shares of Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Morgan Stanley raised their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $527.19.

Northrop Grumman Trading Up 0.3 %

NYSE NOC opened at $528.70 on Friday. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a market cap of $78.24 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.44 and a beta of 0.34. The firm’s 50 day moving average price is $517.80 and its two-hundred day moving average price is $476.93.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping the consensus estimate of $5.93 by $0.43. The firm had revenue of $10.22 billion for 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 company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.34 EPS. Equities analysts anticipate that Northrop Grumman Co. will post 25.16 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently announced 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 dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is currently 57.62%.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman 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 sale, the vice president now owns 6,755 shares of the company’s stock, valued at $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 is available at this hyperlink. In related news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman 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 of the company’s stock, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman 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 sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,879 shares of company stock valued at $1,410,703 in the last quarter. Company insiders own 0.22% of the company’s stock.

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.