Vise Technologies Inc. Acquires 2,681 Shares of Northrop Grumman Corporation $NOC

Vise Technologies Inc. grew its holdings in Northrop Grumman Corporation (NYSE:NOC) by 24.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,596 shares of the aerospace company’s stock after acquiring an additional 2,681 shares during the period. Vise Technologies Inc.’s holdings in Northrop Grumman were worth $6,573,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Koshinski Asset Management Inc. raised its position in shares of Northrop Grumman by 2.2% during the 1st quarter. Koshinski Asset Management Inc. now owns 839 shares of the aerospace company’s stock valued at $573,000 after buying an additional 18 shares in the last quarter. Glenview Trust Co lifted its holdings in shares of Northrop Grumman by 1.1% in the 1st quarter. Glenview Trust Co now owns 1,796 shares of the aerospace company’s stock valued at $1,225,000 after acquiring an additional 19 shares during the last quarter. Quadrant Private Wealth Management LLC grew its position in Northrop Grumman by 5.4% in the first quarter. Quadrant Private Wealth Management LLC now owns 392 shares of the aerospace company’s stock worth $268,000 after acquiring an additional 20 shares in the last quarter. Victrix Investment Advisors grew its position in Northrop Grumman by 0.8% in the second quarter. Victrix Investment Advisors now owns 2,469 shares of the aerospace company’s stock worth $1,257,000 after acquiring an additional 20 shares in the last quarter. Finally, Goepper Burkhardt LLC grew its position in Northrop Grumman by 4.1% in the first quarter. Goepper Burkhardt LLC now owns 537 shares of the aerospace company’s stock worth $366,000 after acquiring an additional 21 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on NOC shares. Guggenheim boosted their price objective on Northrop Grumman from $612.00 to $640.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Morgan Stanley raised their price objective on Northrop Grumman from $745.00 to $765.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Barclays lifted their target price on Northrop Grumman from $419.00 to $430.00 and gave the stock an “underweight” rating in a report on Thursday, October 22nd. UBS Group boosted 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, JPMorgan Chase & Co. increased their price target on Northrop Grumman from $600.00 to $605.00 and gave the company a “neutral” rating in a report on Monday, October 26th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus price target of $643.74.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $555.58 on Tuesday. Northrop Grumman Corporation has a 12-month low of $470.06 and a 12-month high of $774.00. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $520.57 and a 200-day moving average price of $591.43. The firm has a market capitalization of $78.92 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 3.02 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, October 20th. The aerospace company reported $7.89 EPS for the quarter, beating the consensus estimate of $7.18 by $0.71. Northrop Grumman had a net margin of 10.37% and a return on equity of 23.46%. The company had revenue of $11.12 billion for the quarter, compared to the consensus estimate of $11.14 billion. During the same period in the prior year, the firm posted $7.67 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. As a group, equities research analysts forecast that Northrop Grumman Corporation will post 29.64 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st were given a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, August 31st. Northrop Grumman’s 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.