TCG Advisory Services LLC Purchases New Position in Northrop Grumman Co. (NYSE:NOC)

TCG Advisory Services LLC acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,710 shares of the aerospace company’s stock, valued at approximately $800,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. London Co. of Virginia acquired a new position in Northrop Grumman in the third quarter worth $165,786,000. Invesco Ltd. grew its holdings in Northrop Grumman by 74.7% during the 3rd quarter. Invesco Ltd. now owns 1,174,556 shares of the aerospace company’s stock worth $517,028,000 after acquiring an additional 502,060 shares during the last quarter. Raymond James Trust N.A. increased its position in Northrop Grumman by 19.7% in the 4th quarter. Raymond James Trust N.A. now owns 16,515 shares of the aerospace company’s stock valued at $7,731,000 after acquiring an additional 2,723 shares in the last quarter. Phraction Management LLC bought a new position in shares of Northrop Grumman in the third quarter worth about $677,000. Finally, Cerity Partners LLC raised its stake in shares of Northrop Grumman by 2,801.7% in the fourth quarter. Cerity Partners LLC now owns 330,499 shares of the aerospace company’s stock worth $154,720,000 after acquiring an additional 319,109 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, VP Kathryn G. Simpson sold 1,273 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $450.37, for a total value of $573,321.01. Following the transaction, the vice president now directly owns 2,735 shares in the company, valued at $1,231,761.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Kathryn G. Simpson sold 1,273 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $573,321.01. Following the transaction, the vice president now owns 2,735 shares of the company’s stock, valued at $1,231,761.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kathryn G. Simpson sold 711 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $453.22, for a total value of $322,239.42. Following the completion of the sale, the vice president now owns 2,024 shares of the company’s stock, valued at $917,317.28. The disclosure for this sale can be found here. In the last three months, insiders sold 3,149 shares of company stock worth $1,421,147. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NOC has been the subject of several research analyst reports. TheStreet cut shares of Northrop Grumman from a “b+” rating to a “c+” rating in a research report on Thursday, January 25th. Susquehanna upped their price target on Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Wells Fargo & Company raised their price target on Northrop Grumman from $483.00 to $518.00 and gave the company an “equal weight” rating in a report on Tuesday. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective for the company in a report on Monday, April 22nd. Finally, Robert W. Baird lifted their price target on shares of Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $509.38.

Northrop Grumman Trading Down 1.2 %

Shares of NOC traded down $5.91 during trading hours on Friday, reaching $469.09. The stock had a trading volume of 1,443,462 shares, compared to its average volume of 1,144,324. The firm has a 50-day moving average of $464.96 and a 200 day moving average of $465.81. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 1.04. The company has a market cap of $69.42 billion, a P/E ratio of 32.80, a P/E/G ratio of 1.95 and a beta of 0.34. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $496.89.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, beating the consensus estimate of $5.83 by $0.49. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.50 EPS. On average, sell-side analysts expect that Northrop Grumman Co. will post 24.7 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 26th were issued a dividend of $1.87 per share. This represents a $7.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, February 23rd. Northrop Grumman’s payout ratio is currently 52.31%.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.