Bogart Wealth LLC Has $28,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Bogart Wealth LLC cut its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 51.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60 shares of the aerospace company’s stock after selling 64 shares during the period. Bogart Wealth LLC’s holdings in Northrop Grumman were worth $28,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NOC. RPg Family Wealth Advisory LLC acquired a new position in shares of Northrop Grumman in the 3rd quarter worth approximately $31,000. FSA Wealth Management LLC acquired a new position in shares of Northrop Grumman in the 3rd quarter worth approximately $36,000. Albion Financial Group UT acquired a new position in shares of Northrop Grumman in the 4th quarter worth approximately $33,000. Catalyst Capital Advisors LLC acquired a new position in shares of Northrop Grumman in the 3rd quarter worth approximately $40,000. Finally, Modus Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter worth approximately $38,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

NOC opened at $438.70 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.01 and a quick ratio of 0.91. The company has a market capitalization of $63.51 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 3.00 and a beta of 0.35. The firm’s fifty day moving average price is $474.95 and its two-hundred day moving average price is $499.19. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, January 30th. The aerospace company reported $6.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.27 by $0.12. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. As a group, analysts anticipate that Northrop Grumman Co. will post 27.94 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd were issued a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Monday, December 2nd. Northrop Grumman’s dividend payout ratio is 29.08%.

Northrop Grumman declared that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the aerospace company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NOC. Citigroup boosted their price target on shares of Northrop Grumman from $587.00 to $591.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Barclays lowered their price objective on shares of Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. UBS Group lowered their price objective on shares of Northrop Grumman from $579.00 to $558.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Truist Financial began coverage on shares of Northrop Grumman in a research note on Tuesday, January 14th. They issued a “buy” rating and a $544.00 price objective for the company. Finally, StockNews.com lowered shares of Northrop Grumman from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $544.56.

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.