Uhlmann Price Securities LLC Purchases 975 Shares of Northrop Grumman Corporation $NOC

Uhlmann Price Securities LLC lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 56.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,697 shares of the aerospace company’s stock after purchasing an additional 975 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Northrop Grumman were worth $1,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Northrop Grumman by 1.3% during the 2nd quarter. State Street Corp now owns 13,169,195 shares of the aerospace company’s stock worth $6,707,203,000 after purchasing an additional 168,267 shares in the last quarter. Sage Capital Advisors llc acquired a new stake in shares of Northrop Grumman in the 3rd quarter valued at approximately $5,773,000. Jupiter Topco LLC acquired a new stake in shares of Northrop Grumman in the 2nd quarter valued at approximately $3,308,000. Bank of America Corp DE bought a new position in shares of Northrop Grumman in the second quarter valued at $1,298,141,000. Finally, AXQ Capital LP bought a new position in shares of Northrop Grumman in the second quarter valued at $1,461,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In other news, Director Mark Welsh, III sold 98 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $555.65, for a total value of $54,453.70. Following the transaction, the director directly owned 4,314 shares of the company’s stock, valued at $2,397,074.10. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein boosted their target price on shares of Northrop Grumman from $556.00 to $590.00 and gave the stock a “market perform” rating in a report on Tuesday, October 27th. Royal Bank Of Canada increased their price target on shares of Northrop Grumman from $525.00 to $550.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $615.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Susquehanna decreased their price objective on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. Finally, Robert W. Baird raised shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $550.00 to $675.00 in a research report on Wednesday, October 21st. Fifteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average target price of $643.74.

Northrop Grumman Price Performance

NYSE:NOC opened at $525.71 on Friday. Northrop Grumman Corporation has a 12-month low of $470.06 and a 12-month high of $774.00. The firm has a market capitalization of $74.68 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 2.82 and a beta of -0.13. The stock’s 50 day moving average price is $519.36 and its two-hundred day moving average price is $588.90. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.77.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, October 20th. The aerospace company reported $7.89 EPS for the quarter, topping the consensus estimate of $7.18 by $0.71. Northrop Grumman had a return on equity of 23.46% and a net margin of 10.37%. The company had revenue of $11.12 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same period in the previous year, the company posted $7.67 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts anticipate that Northrop Grumman Corporation will post 29.68 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st were issued a $2.47 dividend. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, August 31st. Northrop Grumman’s payout ratio is currently 31.17%.

About Northrop Grumman

Northrop Grumman Corporation is a U.S.-based aerospace and defense company that develops and produces systems for government and commercial customers. Its business spans aeronautics, defense, mission technologies and space, including military aircraft, autonomous systems, missile and air-defense capabilities, sensors, communications and satellites.

The company is the prime contractor for the B-21 Raider and is developing the Sentinel intercontinental ballistic missile system. It also supplies technologies and components for other defense programs, as well as launch vehicles, propulsion systems and spacecraft.

Northrop Grumman traces its roots to Northrop Aircraft, founded in 1939, and Grumman, founded in 1930; the two companies combined in 1994.