4,133 Northrop Grumman Corporation $NOC Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its holdings in Northrop Grumman Corporation (NYSE:NOC) by 37.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,025 shares of the aerospace company’s stock after purchasing an additional 4,133 shares during the period. Soltis Investment Advisors LLC’s holdings in Northrop Grumman were worth $7,264,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in Northrop Grumman by 1.3% during the 2nd quarter. State Street Corp now owns 13,169,195 shares of the aerospace company’s stock worth $6,707,203,000 after acquiring an additional 168,267 shares during the period. Jupiter Topco LLC purchased a new position in Northrop Grumman during the 2nd quarter valued at about $3,308,000. Sage Capital Advisors llc purchased a new position in Northrop Grumman during the 3rd quarter valued at about $5,773,000. Bank of America Corp DE acquired a new position in shares of Northrop Grumman in the 2nd quarter valued at about $1,298,141,000. Finally, AXQ Capital LP acquired a new position in shares of Northrop Grumman in the 2nd quarter valued at about $1,461,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NOC opened at $562.40 on Friday. The stock has a fifty day moving average price of $520.61 and a 200 day moving average price of $592.13. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.77. Northrop Grumman Corporation has a 1 year low of $470.06 and a 1 year high of $774.00. The stock has a market cap of $79.89 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 3.02 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, October 20th. The aerospace company reported $7.89 earnings per share for the quarter, topping the consensus estimate of $7.18 by $0.71. Northrop Grumman had a return on equity of 23.46% and a net margin of 10.37%. The company had revenue of $11.12 billion for the quarter, compared to analyst estimates of $11.14 billion. During the same period in the prior year, the firm posted $7.67 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Northrop Grumman Corporation will post 29.63 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Monday, August 31st were paid a $2.47 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. Northrop Grumman’s payout ratio is presently 31.17%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Rothschild & Co Redburn began coverage on shares of Northrop Grumman in a report on Tuesday, October 6th. They set a “buy” rating and a $680.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of Northrop Grumman from $600.00 to $605.00 and gave the company a “neutral” rating in a research report on Monday. TD Cowen dropped their price objective on shares of Northrop Grumman from $590.00 to $540.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. Finally, Susquehanna cut their target price on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $643.74.

Insider Activity at Northrop Grumman

In related news, Director Mark Welsh, III sold 95 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Northrop Grumman 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.