975 Northrop Grumman Corporation $NOC Shares Bought by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 56.6% during the third quarter, Holdings Channel.com reports. The firm owned 2,697 shares of the aerospace company’s stock after buying an additional 975 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Northrop Grumman were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its stake in Northrop Grumman by 1.3% in the second quarter. State Street Corp now owns 13,169,195 shares of the aerospace company’s stock valued at $6,707,203,000 after acquiring an additional 168,267 shares during the last quarter. BlackRock Inc. bought a new stake in Northrop Grumman during the second quarter worth $6,001,616,000. Bank of America Corp DE bought a new stake in Northrop Grumman during the second quarter worth $1,298,141,000. Dimensional Fund Advisors LP lifted its stake in Northrop Grumman by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 960,690 shares of the aerospace company’s stock worth $655,373,000 after purchasing an additional 5,811 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Northrop Grumman by 2.2% during the second quarter. Legal & General Group Plc now owns 747,121 shares of the aerospace company’s stock worth $380,516,000 after purchasing an additional 16,195 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, Director Mark Welsh, III sold 98 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $555.65, for a total value of $54,453.70. Following the completion of the transaction, the director owned 4,314 shares of the company’s stock, valued at $2,397,074.10. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 currently owned by company insiders.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $525.71 on Friday. Northrop Grumman Corporation has a one year low of $470.06 and a one year high of $774.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.23 and a quick ratio of 1.14. The company has a market cap of $74.68 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 2.82 and a beta of -0.13. The firm has a 50 day simple moving average of $519.36 and a 200 day simple moving average of $588.90.

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

Northrop Grumman Announces Dividend

The company 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. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, August 31st. Northrop Grumman’s dividend payout ratio is presently 31.17%.

Analysts Set New Price Targets

NOC has been the subject of a number of research analyst reports. Weiss Ratings raised Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Robert W. Baird raised 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. Sanford C. Bernstein raised their price objective on Northrop Grumman from $556.00 to $590.00 and gave the company a “market perform” rating in a research note on Tuesday, October 27th. UBS Group lifted their target price on Northrop Grumman from $694.00 to $698.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, BNP Paribas Exane boosted their target price on Northrop Grumman from $540.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $643.74.

Northrop Grumman Company Profile

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.