387 Shares in Northrop Grumman Co. (NYSE:NOC) Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new position in Northrop Grumman Co. (NYSE:NOC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 387 shares of the aerospace company’s stock, valued at approximately $204,000.

A number of other hedge funds also recently made changes to their positions in the company. Symphony Financial Ltd. Co. purchased a new stake in shares of Northrop Grumman in the third quarter worth about $213,000. Eastern Bank raised its position in Northrop Grumman by 3.9% during the third quarter. Eastern Bank now owns 1,074 shares of the aerospace company’s stock valued at $567,000 after purchasing an additional 40 shares during the period. Signaturefd LLC raised its position in Northrop Grumman by 0.7% during the third quarter. Signaturefd LLC now owns 3,886 shares of the aerospace company’s stock valued at $2,052,000 after purchasing an additional 28 shares during the period. Sequoia Financial Advisors LLC raised its position in Northrop Grumman by 7.2% during the third quarter. Sequoia Financial Advisors LLC now owns 2,941 shares of the aerospace company’s stock valued at $1,553,000 after purchasing an additional 198 shares during the period. Finally, Foundations Investment Advisors LLC raised its position in Northrop Grumman by 1.4% during the third quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock valued at $780,000 after purchasing an additional 20 shares during the period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 0.7 %

Shares of NYSE:NOC opened at $516.40 on Thursday. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The stock has a market cap of $76.42 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. The business’s 50 day moving average is $522.88 and its 200 day moving average is $480.30. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company had revenue of $10.22 billion for the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter in the prior year, the firm earned $5.34 earnings per share. Northrop Grumman’s revenue was up 6.7% compared to the same quarter last year. Sell-side analysts predict 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. Investors of record on Tuesday, September 3rd were paid a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.60%. Northrop Grumman’s dividend payout ratio (DPR) is currently 57.62%.

Analysts Set New Price Targets

NOC has been the topic of a number of recent research reports. Citigroup upped their price objective on Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group upped their price objective on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada upped their price objective on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. BTIG Research began coverage on Northrop Grumman in a research report on Wednesday, June 26th. They set a “buy” rating and a $565.00 price objective on the stock. Finally, Wells Fargo & Company increased their price target on Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $535.00.

Insider Buying and Selling

In related news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction on 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 approximately $2,317,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction on Friday, July 26th. The shares were 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 $3,225,917.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,879 shares of company stock valued at $1,410,703 over the last quarter. 0.22% of the stock is owned by corporate insiders.

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.