Premia Global Advisors LLC Purchases Shares of 786 Northrop Grumman Co. (NOC)
Premia Global Advisors LLC purchased a new stake in Northrop Grumman Co. (NYSE:NOC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 786 shares of the aerospace company’s stock, valued at approximately $241,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ibex Wealth Advisors increased its stake in Northrop Grumman by 2.1% in the fourth quarter. Ibex Wealth Advisors now owns 7,330 shares of the aerospace company’s stock valued at $2,259,000 after purchasing an additional 153 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its stake in Northrop Grumman by 0.6% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 26,398 shares of the aerospace company’s stock valued at $8,102,000 after purchasing an additional 165 shares in the last quarter. Monroe Bank & Trust MI increased its position in shares of Northrop Grumman by 16.1% during the third quarter. Monroe Bank & Trust MI now owns 1,205 shares of the aerospace company’s stock worth $280,000 after acquiring an additional 167 shares in the last quarter. Hanseatic Management Services Inc. increased its position in shares of Northrop Grumman by 39.7% during the third quarter. Hanseatic Management Services Inc. now owns 591 shares of the aerospace company’s stock worth $170,000 after acquiring an additional 168 shares in the last quarter. Finally, BB&T Securities LLC increased its position in shares of Northrop Grumman by 2.4% during the third quarter. BB&T Securities LLC now owns 7,147 shares of the aerospace company’s stock worth $2,056,000 after acquiring an additional 169 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.
Shares of Northrop Grumman Co. (NOC) opened at $344.72 on Tuesday. Northrop Grumman Co. has a 52-week low of $233.20 and a 52-week high of $359.43. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.35 and a quick ratio of 2.24. The stock has a market cap of $60,867.99, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.51 and a beta of 0.78.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 5th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.28%. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 2nd. Northrop Grumman’s dividend payout ratio is presently 38.36%.
Several research firms have recently commented on NOC. Robert W. Baird reissued a “buy” rating and set a $394.00 target price on shares of Northrop Grumman in a research report on Friday, January 26th. Zacks Investment Research downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $317.00 to $355.00 in a research report on Tuesday, December 12th. Morgan Stanley reissued an “equal weight” rating and set a $365.00 target price (up from $336.00) on shares of Northrop Grumman in a research report on Friday, February 23rd. Finally, Wells Fargo & Co raised shares of Northrop Grumman from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $358.64.
In other Northrop Grumman news, VP Janis G. Pamiljans sold 1,568 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $354.30, for a total value of $555,542.40. Following the transaction, the vice president now directly owns 6,677 shares in the company, valued at $2,365,661.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael A. Hardesty sold 1,296 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $353.20, for a total transaction of $457,747.20. Following the completion of the transaction, the vice president now owns 6,677 shares in the company, valued at $2,358,316.40. The disclosure for this sale can be found here. Insiders sold a total of 8,344 shares of company stock valued at $2,896,627 over the last ninety days. 0.70% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION NOTICE: This news story was published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.watchlistnews.com/premia-global-advisors-llc-purchases-shares-of-786-northrop-grumman-co-noc/1927723.html.
Northrop Grumman Company Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Co. (NYSE:NOC).
Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.