Cwm LLC Buys 797 Shares of Northrop Grumman Co. (NYSE:NOC)

Cwm LLC raised its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 13.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,763 shares of the aerospace company’s stock after purchasing an additional 797 shares during the period. Cwm LLC’s holdings in Northrop Grumman were worth $3,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ascent Group LLC increased its holdings in Northrop Grumman by 0.5% in the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after acquiring an additional 20 shares in the last quarter. Salvus Wealth Management LLC increased its stake in shares of Northrop Grumman by 1.6% in the third quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock worth $698,000 after purchasing an additional 21 shares in the last quarter. Turtle Creek Wealth Advisors LLC raised its holdings in Northrop Grumman by 4.6% during the second quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock valued at $218,000 after acquiring an additional 22 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Northrop Grumman by 1.5% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,467 shares of the aerospace company’s stock valued at $640,000 after acquiring an additional 22 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in shares of Northrop Grumman by 2.4% in the first quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock valued at $462,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the topic of several recent analyst reports. UBS Group lifted their target price on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Sanford C. Bernstein cut shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price objective on the stock. in a research report on Friday, June 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and upped their target price for the stock from $474.00 to $575.00 in a research report on Monday, July 29th. Jefferies Financial Group reduced their price target on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a report on Tuesday, June 18th. Finally, TD Cowen raised shares of Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Hold” and a consensus target price of $527.19.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares in the company, valued at approximately $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction on Friday, July 26th. The stock was 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 of the company’s stock, valued at $3,225,917.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the sale, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,879 shares of company stock valued at $1,410,703 over the last 90 days. Insiders own 0.22% of the company’s stock.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $528.70 on Monday. The stock has a market cap of $78.24 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a 50 day moving average price of $517.80 and a 200-day moving average price of $476.98. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57.

Northrop Grumman (NYSE:NOC) last posted 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. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company had revenue of $10.22 billion during the quarter, compared to analyst estimates of $10.02 billion. During the same period in the previous year, the firm earned $5.34 earnings per share. Northrop Grumman’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts expect that Northrop Grumman Co. will post 25.16 EPS for the current year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is currently 57.62%.

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.