7,956 Shares in Northrop Grumman Corporation $NOC Bought by Trek Financial LLC

Trek Financial LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,956 shares of the aerospace company’s stock, valued at approximately $4,848,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coign Capital Advisors LLC lifted its position in Northrop Grumman by 1.3% in the second quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock valued at $647,000 after buying an additional 17 shares during the last quarter. Howard Financial Services LTD. raised its position in shares of Northrop Grumman by 1.5% during the 3rd quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock worth $687,000 after acquiring an additional 17 shares in the last quarter. West Wealth Group LLC increased its holdings in shares of Northrop Grumman by 4.3% in the 3rd quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock valued at $251,000 after acquiring an additional 17 shares during the period. King Luther Capital Management Corp boosted its stake in shares of Northrop Grumman by 1.5% during the second quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock worth $621,000 after buying an additional 18 shares during the period. Finally, Dakota Community Bank & Trust NA lifted its position in Northrop Grumman by 6.9% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock worth $169,000 after acquiring an additional 18 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NOC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $700.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. JPMorgan Chase & Co. upped their target price on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Susquehanna reiterated a “positive” rating and issued a $752.00 price objective on shares of Northrop Grumman in a research report on Thursday, January 15th. Finally, BTIG Research raised their target price on shares of Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and an average price target of $656.82.

Northrop Grumman Trading Up 0.3%

NOC stock traded up $2.23 during midday trading on Friday, hitting $672.67. The stock had a trading volume of 597,614 shares, compared to its average volume of 951,127. The company’s 50-day moving average price is $587.92 and its 200 day moving average price is $582.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98. The firm has a market cap of $96.00 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 5.44 and a beta of 0.05. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $677.30.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.43 by $1.24. Northrop Grumman had a net margin of 9.82% and a return on equity of 25.49%. The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the company posted $7.00 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Northrop Grumman Corporation will post 28.05 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, December 17th. Shareholders of record on Monday, December 1st were paid a dividend of $2.31 per share. The ex-dividend date was Monday, December 1st. This represents a $9.24 annualized dividend and a yield of 1.4%. Northrop Grumman’s dividend payout ratio is currently 33.24%.

Insider Activity at Northrop Grumman

In related news, CEO Kathy J. Warden sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $615.00, for a total transaction of $1,845,000.00. Following the sale, the chief executive officer directly owned 191,602 shares in the company, valued at approximately $117,835,230. This trade represents a 1.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Welsh III sold 97 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 10,097 shares of company stock valued at $6,099,716. 0.23% of the stock is owned by insiders.

Northrop Grumman Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.