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

Venturi Wealth Management LLC increased its position in Northrop Grumman Co. (NYSE:NOC) by 31.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 337 shares of the aerospace company’s stock after buying an additional 80 shares during the period. Venturi Wealth Management LLC’s holdings in Northrop Grumman were worth $178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Ascent Group LLC raised its holdings in Northrop Grumman by 0.5% in the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after acquiring an additional 20 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in shares of Northrop Grumman by 0.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock valued at $1,131,000 after purchasing an additional 20 shares during the period. Asset Dedication LLC increased its stake in Northrop Grumman by 1.0% in the third quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after purchasing an additional 20 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in Northrop Grumman by 1.4% during the third quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock worth $780,000 after buying an additional 20 shares during the period. Finally, PBMares Wealth Management LLC boosted its stake in Northrop Grumman by 0.5% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,421 shares of the aerospace company’s stock worth $2,335,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and increased their price objective for the stock from $474.00 to $575.00 in a report on Monday, July 29th. StockNews.com upgraded shares of Northrop Grumman from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Barclays boosted their price objective on shares of Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. TD Cowen raised Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their price target on Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $550.56.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the completion of the sale, the vice president now owns 537 shares in the company, valued at $286,183.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 1,289 shares of company stock valued at $685,273. 0.22% of the stock is currently owned by insiders.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $520.39 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57. The stock’s 50 day moving average price is $524.14 and its 200 day moving average price is $485.78. The firm has a market capitalization of $75.82 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.07 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.18 earnings per share. As a group, sell-side analysts expect that Northrop Grumman Co. will post 25.95 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.58%. Northrop Grumman’s dividend payout ratio is presently 51.05%.

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.