Bokf Na Acquires 381 Shares of Northrop Grumman Co. (NYSE:NOC)

Bokf Na grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,779 shares of the aerospace company’s stock after purchasing an additional 381 shares during the period. Bokf Na’s holdings in Northrop Grumman were worth $1,647,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NOC. International Assets Investment Management LLC purchased a new position in shares of Northrop Grumman in the fourth quarter valued at $605,000. Accretive Wealth Partners LLC boosted its stake in Northrop Grumman by 10.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 528 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 50 shares during the period. Gryphon Financial Partners LLC grew its holdings in Northrop Grumman by 21.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 557 shares of the aerospace company’s stock valued at $241,000 after buying an additional 100 shares in the last quarter. Jump Financial LLC increased its position in shares of Northrop Grumman by 37.7% during the fourth quarter. Jump Financial LLC now owns 694 shares of the aerospace company’s stock valued at $325,000 after buying an additional 190 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in shares of Northrop Grumman by 4.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 1,490 shares of the aerospace company’s stock valued at $665,000 after buying an additional 70 shares during the period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $519.78 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. The stock has a market cap of $76.01 billion, a PE ratio of 36.35, a PEG ratio of 2.36 and a beta of 0.34. The company’s fifty day moving average is $486.71 and its 200 day moving average is $467.55. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $528.76.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping the consensus estimate of $5.93 by $0.43. The firm had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.34 earnings per share. Research analysts anticipate that Northrop Grumman Co. will post 25.14 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 57.62%.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the sale, the vice president now directly owns 6,755 shares in the company, valued at approximately $3,225,917.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the transaction, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the sale, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,846 shares of company stock worth $1,393,028. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the subject of several recent analyst reports. BTIG Research started coverage on shares of Northrop Grumman in a research note on Wednesday, June 26th. They set a “buy” rating and a $565.00 price objective for the company. Barclays boosted their price target on shares of Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Morgan Stanley increased their price objective on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Alembic Global Advisors lowered Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research note on Tuesday, August 27th. Finally, StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Northrop Grumman presently has an average rating of “Hold” and a consensus target price of $523.20.

About Northrop Grumman

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.