Northrop Grumman Co. (NYSE:NOC) Holdings Boosted by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC boosted its position in shares of Northrop Grumman Co. (NYSE:NOC) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,760 shares of the aerospace company’s stock after purchasing an additional 180 shares during the period. KMG Fiduciary Partners LLC’s holdings in Northrop Grumman were worth $3,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC grew its position in Northrop Grumman by 1.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,161 shares of the aerospace company’s stock worth $614,000 after purchasing an additional 22 shares in the last quarter. Trust Point Inc. acquired a new stake in shares of Northrop Grumman in the 3rd quarter valued at $221,000. Aaron Wealth Advisors LLC lifted its stake in shares of Northrop Grumman by 35.7% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 1,269 shares of the aerospace company’s stock valued at $670,000 after purchasing an additional 334 shares during the last quarter. Claro Advisors LLC lifted its stake in shares of Northrop Grumman by 37.3% in the 3rd quarter. Claro Advisors LLC now owns 2,729 shares of the aerospace company’s stock valued at $1,441,000 after purchasing an additional 742 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Northrop Grumman by 6.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 469 shares of the aerospace company’s stock valued at $248,000 after purchasing an additional 30 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $530.79 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $78.55 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57. The firm’s 50-day moving average price is $521.74 and its two-hundred day moving average price is $478.84.

Northrop Grumman (NYSE:NOC) last announced its earnings results 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. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company had revenue of $10.22 billion for the quarter, compared to analyst estimates of $10.02 billion. During the same period in the prior year, the business earned $5.34 earnings per share. Northrop Grumman’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts predict that Northrop Grumman Co. will post 25.16 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.55%. Northrop Grumman’s dividend payout ratio is currently 57.62%.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the 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 sale, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares in the company, valued at approximately $3,225,917.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,879 shares of company stock worth $1,410,703 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

NOC has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Wells Fargo & Company boosted their target price on shares of Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Finally, Citigroup upped their price objective on shares of Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One 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, Northrop Grumman presently has a consensus rating of “Hold” and a consensus price target of $535.00.

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.