Northrop Grumman Co. (NYSE:NOC) Stock Holdings Raised by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its holdings in Northrop Grumman Co. (NYSE:NOC) by 1.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,937 shares of the aerospace company’s stock after buying an additional 21 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Northrop Grumman were worth $1,023,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Optimum Investment Advisors boosted its stake in 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 acquiring an additional 41 shares during the period. Bank & Trust Co acquired a new position in Northrop Grumman during the 2nd quarter valued at approximately $28,000. Meeder Asset Management Inc. increased its position in Northrop Grumman by 245.5% in 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 period. Strategic Financial Concepts LLC bought a new stake in Northrop Grumman in the second quarter valued at $47,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Northrop Grumman by 281.5% during the first quarter. Larson Financial Group LLC now owns 103 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 76 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Thomas H. Jones sold 1,390 shares of the 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 completion of the sale, the vice president now owns 4,634 shares in the company, valued at $2,317,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 1,490 shares of company stock valued at $747,372. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NOC. UBS Group increased their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $474.00 to $575.00 in a research report on Monday, July 29th. Royal Bank of Canada raised their target price on Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Morgan Stanley increased their price target on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. One 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 stock. According to data from MarketBeat.com, Northrop Grumman has a consensus rating of “Hold” and an average price target of $547.44.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $519.35 on Monday. The company has a market capitalization of $76.86 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a fifty day moving average of $523.54 and a 200-day moving average of $481.38. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, beating 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 return on equity of 25.44% and a net margin of 5.61%. Northrop Grumman’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $6.18 EPS. As a group, equities analysts anticipate that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

About Northrop Grumman

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.