Northrop Grumman Corporation $NOC Stock Bought by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 33,775.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,000 shares of the aerospace company’s stock after buying an additional 249,262 shares during the quarter. Northrop Grumman accounts for 0.9% of International Assets Investment Management LLC’s portfolio, making the stock its 16th biggest holding. International Assets Investment Management LLC owned approximately 0.18% of Northrop Grumman worth $120,870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Glenview Trust Co boosted its holdings in Northrop Grumman by 37.8% during the third quarter. Glenview Trust Co now owns 2,563 shares of the aerospace company’s stock valued at $1,239,000 after purchasing an additional 703 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Northrop Grumman by 0.5% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 112,588 shares of the aerospace company’s stock valued at $54,434,000 after buying an additional 600 shares in the last quarter. Parcion Private Wealth LLC increased its position in Northrop Grumman by 1,712.0% in the 3rd quarter. Parcion Private Wealth LLC now owns 8,136 shares of the aerospace company’s stock valued at $3,933,000 after acquiring an additional 7,687 shares in the last quarter. Partners Wealth Management LLC bought a new position in Northrop Grumman in the 3rd quarter worth approximately $287,000. Finally, Soltis Investment Advisors LLC raised its position in shares of Northrop Grumman by 37.9% during the third quarter. Soltis Investment Advisors LLC now owns 15,025 shares of the aerospace company’s stock worth $7,264,000 after acquiring an additional 4,133 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $615.00 target price on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Northrop Grumman from $600.00 to $605.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Morgan Stanley increased their price objective on shares of Northrop Grumman from $745.00 to $765.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Sanford C. Bernstein raised their price objective on shares of Northrop Grumman from $556.00 to $590.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Robert W. Baird raised shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $550.00 to $675.00 in a research note on Wednesday, October 21st. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $643.74.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark Welsh, III sold 95 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the sale, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Northrop Grumman Trading Down 0.6%

NYSE NOC opened at $558.79 on Friday. The stock has a 50-day simple moving average of $520.51 and a 200 day simple moving average of $591.78. The company has a market capitalization of $79.38 billion, a PE ratio of 17.63, a P/E/G ratio of 3.02 and a beta of -0.11. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.77. Northrop Grumman Corporation has a 12 month low of $470.06 and a 12 month high of $774.00.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, October 20th. The aerospace company reported $7.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.18 by $0.71. Northrop Grumman had a return on equity of 23.46% and a net margin of 10.37%. The firm had revenue of $11.12 billion for the quarter, compared to analysts’ expectations of $11.14 billion. During the same quarter last year, the business earned $7.67 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. Research analysts forecast that Northrop Grumman Corporation will post 29.63 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st were paid a $2.47 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. Northrop Grumman’s dividend payout ratio is 31.17%.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. government representing its primary customer base. The company operates across aerospace, defense, space, cybersecurity and advanced technology markets.

Its products and services include military aircraft and autonomous systems, space systems and satellites, missile defense technologies, command-and-control systems, cyber solutions, sensors, communications networks and other mission-critical systems.