BCGM Wealth Management LLC Purchases 62 Shares of Northrop Grumman Co. (NYSE:NOC)

BCGM Wealth Management LLC increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 1.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,312 shares of the aerospace company’s stock after acquiring an additional 62 shares during the period. Northrop Grumman comprises about 1.1% of BCGM Wealth Management LLC’s portfolio, making the stock its 27th biggest position. BCGM Wealth Management LLC’s holdings in Northrop Grumman were worth $3,333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Optimum Investment Advisors increased its stake in shares of Northrop Grumman by 241.2% in 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 period. Bank & Trust Co acquired a new position in Northrop Grumman in the 2nd quarter valued at approximately $28,000. Meeder Asset Management Inc. increased its position in Northrop Grumman by 245.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 54 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Northrop Grumman during the third quarter valued at $40,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Northrop Grumman during the second quarter worth $47,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

NOC has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and increased their price objective for the company from $474.00 to $575.00 in a report on Monday, July 29th. Susquehanna increased their price target on Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday, October 25th. StockNews.com raised Northrop Grumman from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada increased their target price on shares of Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target for the company. in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $550.56.

Insider Buying and Selling at Northrop Grumman

In other news, VP Benjamin R. Davies sold 1,156 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $532.93, for a total value of $616,067.08. Following the completion of the sale, the vice president now directly owns 537 shares of the company’s stock, valued at $286,183.41. This represents a 68.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 1,289 shares of company stock valued at $685,273. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $493.99 on Friday. The stock has a 50-day moving average of $523.27 and a 200-day moving average of $486.19. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. The company has a market cap of $71.97 billion, a PE ratio of 30.61, a P/E/G ratio of 1.00 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter last year, the firm posted $6.18 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Northrop Grumman Co. will post 25.93 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.67%. Northrop Grumman’s payout ratio is 51.05%.

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.