MONECO Advisors LLC Purchases Shares of 484 Northrop Grumman Co. (NYSE:NOC)

MONECO Advisors LLC purchased a new stake in shares of Northrop Grumman Co. (NYSE:NOC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 484 shares of the aerospace company’s stock, valued at approximately $227,000.

A number of other large investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Northrop Grumman during the 4th quarter valued at approximately $25,000. SRS Capital Advisors Inc. grew its stake in shares of Northrop Grumman by 960.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 48 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of Northrop Grumman during the 4th quarter valued at approximately $29,000. McIlrath & Eck LLC grew its stake in shares of Northrop Grumman by 247.6% during the 4th quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 52 shares during the period. Finally, Providence Capital Advisors LLC grew its stake in shares of Northrop Grumman by 400.0% during the 3rd quarter. Providence Capital Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 80 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NOC shares. Royal Bank of Canada boosted their price objective on Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Wells Fargo & Company boosted their price target on Northrop Grumman from $483.00 to $518.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Robert W. Baird boosted their price target on Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Finally, Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price target on the stock in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $514.33.

Northrop Grumman Stock Up 1.3 %

Shares of NOC opened at $429.78 on Tuesday. The stock has a market capitalization of $63.60 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.98 and a beta of 0.35. Northrop Grumman Co. has a 1 year low of $414.56 and a 1 year high of $496.89. The business’s 50 day simple moving average is $460.35 and its 200-day simple moving average is $462.16. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.13 and a quick ratio of 1.02.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, topping 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 return on equity of 24.09% and a net margin of 5.38%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $5.50 EPS. As a group, equities analysts expect that Northrop Grumman Co. will post 24.7 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 28th were issued a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, May 24th. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.87. Northrop Grumman’s dividend payout ratio is presently 57.62%.

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.