Kingsview Wealth Management LLC Buys 183 Shares of Northrop Grumman Co. (NYSE:NOC)

Kingsview Wealth Management LLC boosted its stake in Northrop Grumman Co. (NYSE:NOC) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,520 shares of the aerospace company’s stock after purchasing an additional 183 shares during the period. Kingsview Wealth Management LLC’s holdings in Northrop Grumman were worth $3,998,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Northrop Grumman during the 3rd quarter valued at $31,000. Albion Financial Group UT bought a new position in Northrop Grumman in the fourth quarter valued at about $33,000. FSA Wealth Management LLC acquired a new stake in shares of Northrop Grumman during the third quarter valued at about $36,000. Modus Advisors LLC bought a new stake in shares of Northrop Grumman during the fourth quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Northrop Grumman in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NOC shares. UBS Group reduced their target price on shares of Northrop Grumman from $579.00 to $558.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Barclays reduced their price objective on shares of Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Citigroup raised Northrop Grumman from a “neutral” rating to a “buy” rating and set a $587.00 target price for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Susquehanna lowered their price objective on Northrop Grumman from $625.00 to $557.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $544.31.

Northrop Grumman Trading Up 0.5 %

Shares of Northrop Grumman stock opened at $468.75 on Monday. The stock has a market capitalization of $67.85 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.35. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The stock has a 50 day moving average price of $476.91 and a two-hundred day moving average price of $499.60. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate that Northrop Grumman Co. will post 27.94 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 2nd were given a $2.06 dividend. The ex-dividend date was Monday, December 2nd. This represents a $8.24 annualized dividend and a yield of 1.76%. Northrop Grumman’s payout ratio is 29.08%.

Northrop Grumman announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the aerospace company to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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.