Nvest Financial LLC Has $581,000 Stock Position in Northrop Grumman Co. (NYSE:NOC)

Nvest Financial LLC lifted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,101 shares of the aerospace company’s stock after purchasing an additional 35 shares during the period. Nvest Financial LLC’s holdings in Northrop Grumman were worth $581,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Charles Schwab Trust Co bought a new stake in shares of Northrop Grumman in the 3rd quarter valued at about $210,000. Castle Rock Wealth Management LLC increased its position in Northrop Grumman by 2.5% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,205 shares of the aerospace company’s stock valued at $1,724,000 after purchasing an additional 77 shares during the period. San Luis Wealth Advisors LLC lifted its position in shares of Northrop Grumman by 197.7% in the 3rd quarter. San Luis Wealth Advisors LLC now owns 1,420 shares of the aerospace company’s stock worth $750,000 after purchasing an additional 943 shares during the period. Watts Gwilliam & Co. LLC bought a new stake in shares of Northrop Grumman in the 3rd quarter valued at $281,000. Finally, Pinnacle Bancorp Inc. increased its position in shares of Northrop Grumman by 51.3% during the third quarter. Pinnacle Bancorp Inc. now owns 457 shares of the aerospace company’s stock worth $241,000 after buying an additional 155 shares during the period. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Alembic Global Advisors downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a report on Tuesday, August 27th. Morgan Stanley increased their price target on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Royal Bank of Canada raised their price objective on shares of Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Finally, Sanford C. Bernstein lowered shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 target price on the stock. in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and an average price target of $527.19.

Northrop Grumman Stock Down 0.0 %

Shares of NOC stock traded down $0.12 during trading hours on Friday, reaching $526.97. The company had a trading volume of 99,999 shares, compared to its average volume of 877,507. The business has a fifty day simple moving average of $517.12 and a 200-day simple moving average of $476.52. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The company has a market cap of $77.06 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. The business had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.34 EPS. On average, research analysts expect that Northrop Grumman Co. will post 25.16 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.56%. Northrop Grumman’s dividend payout ratio (DPR) is presently 53.79%.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the sale, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the sale, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,879 shares of company stock worth $1,410,703 in the last quarter. Insiders own 0.22% of the company’s stock.

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.