Tradition Wealth Management LLC Acquires 99 Shares of Northrop Grumman Co. (NYSE:NOC)

Tradition Wealth Management LLC boosted its holdings in Northrop Grumman Co. (NYSE:NOC) by 14.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 780 shares of the aerospace company’s stock after purchasing an additional 99 shares during the quarter. Tradition Wealth Management LLC’s holdings in Northrop Grumman were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Legal & General Group Plc grew its stake in shares of Northrop Grumman by 16.0% in the 2nd quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock worth $474,276,000 after buying an additional 150,367 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Northrop Grumman by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 809,445 shares of the aerospace company’s stock worth $427,444,000 after acquiring an additional 3,211 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Northrop Grumman by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock valued at $297,937,000 after acquiring an additional 125,262 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Northrop Grumman by 15.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 572,451 shares of the aerospace company’s stock worth $302,294,000 after purchasing an additional 75,921 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Northrop Grumman by 1.2% in the 3rd quarter. Van ECK Associates Corp now owns 443,724 shares of the aerospace company’s stock worth $229,139,000 after purchasing an additional 5,203 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.1 %

Shares of NOC stock opened at $489.65 on Monday. The firm has a fifty day moving average price of $517.20 and a 200-day moving average price of $487.46. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 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 $71.34 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 0.99 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results 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. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.18 earnings per share. As a group, equities analysts predict that Northrop Grumman Co. will post 25.93 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be issued a $2.06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, December 2nd. Northrop Grumman’s dividend payout ratio (DPR) is presently 51.05%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NOC shares. StockNews.com lowered shares of Northrop Grumman from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Barclays boosted their price objective on shares of Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their target price on Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Susquehanna upped their price target on Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $550.56.

Insider Activity at Northrop Grumman

In related news, VP Benjamin R. Davies sold 1,156 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $532.93, for a total value of $616,067.08. Following the sale, the vice president now directly owns 537 shares in the company, valued at approximately $286,183.41. The trade was a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 1,255 shares of company stock valued at $667,727. Corporate insiders own 0.22% of the company’s stock.

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.