Personal CFO Solutions LLC grew its position in Northrop Grumman Co. (NYSE:NOC – Free Report) by 5.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,041 shares of the aerospace company’s stock after acquiring an additional 56 shares during the quarter. Personal CFO Solutions LLC’s holdings in Northrop Grumman were worth $474,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NOC. State of Wyoming increased its holdings in shares of Northrop Grumman by 76.5% during the 4th quarter. State of Wyoming now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 26 shares during the last quarter. Archer Investment Corp boosted its position in Northrop Grumman by 325.0% during the second quarter. Archer Investment Corp now owns 68 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 52 shares during the period. Sageworth Trust Co grew its holdings in Northrop Grumman by 1,440.0% during the first quarter. Sageworth Trust Co now owns 77 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Northrop Grumman by 169.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 78 shares of the aerospace company’s stock worth $35,000 after buying an additional 49 shares during the last quarter. Finally, Key Financial Inc boosted its holdings in shares of Northrop Grumman by 60.0% during the 2nd quarter. Key Financial Inc now owns 80 shares of the aerospace company’s stock worth $36,000 after buying an additional 30 shares during the period. 82.40% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Northrop Grumman
In other Northrop Grumman news, VP Mark A. Caylor sold 1,670 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $472.62, for a total value of $789,275.40. Following the completion of the sale, the vice president now owns 12,900 shares of the company’s stock, valued at approximately $6,096,798. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Northrop Grumman news, VP Roshan S. Roeder sold 1,007 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $465.00, for a total transaction of $468,255.00. Following the sale, the vice president now directly owns 913 shares in the company, valued at $424,545. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark A. Caylor sold 1,670 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $472.62, for a total transaction of $789,275.40. Following the sale, the vice president now owns 12,900 shares in the company, valued at approximately $6,096,798. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.
Northrop Grumman Stock Performance
Northrop Grumman (NYSE:NOC – Get Free Report) last issued its quarterly earnings data on Thursday, October 26th. The aerospace company reported $6.18 earnings per share for the quarter, beating the consensus estimate of $5.81 by $0.37. The company had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.58 billion. Northrop Grumman had a net margin of 12.07% and a return on equity of 24.24%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $5.89 earnings per share. On average, equities research analysts expect that Northrop Grumman Co. will post 22.73 earnings per share for the current year.
Northrop Grumman Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 27th will be issued a dividend of $1.87 per share. This represents a $7.48 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, November 24th. Northrop Grumman’s dividend payout ratio is currently 24.54%.
Analysts Set New Price Targets
A number of research analysts have weighed in on NOC shares. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Northrop Grumman in a research report on Thursday, August 3rd. Wells Fargo & Company cut their price objective on Northrop Grumman from $485.00 to $435.00 and set an “equal weight” rating for the company in a research report on Monday, September 18th. JPMorgan Chase & Co. raised their target price on Northrop Grumman from $430.00 to $435.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Northrop Grumman in a research report on Wednesday, September 27th. They set a “buy” rating and a $502.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $500.20.
About Northrop Grumman
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. 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.
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