Nwam LLC Invests $761,000 in Northrop Grumman Co. (NYSE:NOC)

Nwam LLC purchased a new stake in Northrop Grumman Co. (NYSE:NOC) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 1,441 shares of the aerospace company’s stock, valued at approximately $761,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ascent Group LLC boosted its stake in Northrop Grumman by 0.5% in the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after purchasing an additional 20 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its holdings 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 in the last quarter. Asset Dedication LLC boosted its position in shares of Northrop Grumman by 1.0% in the third quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock worth $1,069,000 after buying an additional 20 shares during the period. Foundations Investment Advisors LLC grew its holdings in shares of Northrop Grumman by 1.4% during the third quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock valued at $780,000 after buying an additional 20 shares in the last quarter. Finally, PBMares Wealth Management LLC raised its position in Northrop Grumman by 0.5% during the third quarter. PBMares Wealth Management LLC now owns 4,421 shares of the aerospace company’s stock valued at $2,335,000 after buying an additional 20 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Insider Transactions at Northrop Grumman

In related news, VP Benjamin R. Davies sold 1,156 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now owns 537 shares of the company’s stock, valued at approximately $286,183.41. The trade was a 68.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 1,289 shares of company stock worth $685,273. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Stock Up 0.1 %

NOC opened at $496.87 on Friday. The firm has a market cap of $72.39 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 1.00 and a beta of 0.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. The business has a 50 day moving average price of $520.60 and a 200 day moving average price of $486.84. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the previous year, the company earned $6.18 earnings per share. Northrop Grumman’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts forecast that Northrop Grumman Co. will post 25.93 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be given a $2.06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, December 2nd. Northrop Grumman’s dividend payout ratio is currently 51.05%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NOC shares. Citigroup lifted their target price on Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Susquehanna upped their price objective on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday, October 25th. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a research report on Tuesday, August 27th. Barclays boosted their price target on shares of Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, TD Cowen upgraded Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $550.56.

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.