526 Shares in Northrop Grumman Co. (NYSE:NOC) Acquired by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new position in Northrop Grumman Co. (NYSE:NOC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 526 shares of the aerospace company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its holdings in Northrop Grumman by 24.3% in the 2nd quarter. Federated Hermes Inc. now owns 2,387 shares of the aerospace company’s stock worth $1,041,000 after purchasing an additional 467 shares during the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of Northrop Grumman by 24.2% during the second quarter. Meeder Advisory Services Inc. now owns 2,268 shares of the aerospace company’s stock worth $989,000 after buying an additional 442 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Northrop Grumman by 245.5% during the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Nuance Investments LLC lifted its holdings in shares of Northrop Grumman by 15.8% during the second quarter. Nuance Investments LLC now owns 102,260 shares of the aerospace company’s stock worth $44,581,000 after buying an additional 13,915 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Northrop Grumman by 3.7% during the second quarter. Oppenheimer & Co. Inc. now owns 28,544 shares of the aerospace company’s stock worth $12,444,000 after buying an additional 1,016 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction on 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 $2,317,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the sale, the vice president now directly owns 6,755 shares in the company, valued at $3,225,917.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. The disclosure for this sale can be found here. Insiders have sold 2,846 shares of company stock worth $1,393,028 over the last three months. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays upped their price target on Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. BTIG Research assumed coverage on Northrop Grumman in a report on Wednesday, June 26th. They set a “buy” rating and a $565.00 price target for the company. Morgan Stanley upped 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. Sanford C. Bernstein lowered Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target for the company. in a report on Friday, June 21st. Finally, Jefferies Financial Group cut their price target on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $523.20.

Northrop Grumman Stock Performance

Shares of NYSE:NOC opened at $518.54 on Friday. The business’s fifty day moving average price is $485.00 and its two-hundred day moving average price is $467.07. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $528.76. The stock has a market capitalization of $75.83 billion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 2.36 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 announced its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm had revenue of $10.22 billion for the quarter, compared to analysts’ expectations of $10.02 billion. During the same period in the prior year, the business posted $5.34 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. As a group, analysts predict that Northrop Grumman Co. will post 25.14 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd will be given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is 57.62%.

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.