Modera Wealth Management LLC Boosts Stake in Northrop Grumman Co. (NYSE:NOC)

Modera Wealth Management LLC boosted its holdings in Northrop Grumman Co. (NYSE:NOC) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,852 shares of the aerospace company’s stock after acquiring an additional 230 shares during the quarter. Modera Wealth Management LLC’s holdings in Northrop Grumman were worth $4,146,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Diversify Advisory Services LLC acquired a new stake in shares of Northrop Grumman in the first quarter valued at about $870,000. Norden Group LLC purchased a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $778,000. Aviso Wealth Management boosted its stake in shares of Northrop Grumman by 110.7% during the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock worth $827,000 after acquiring an additional 996 shares in the last quarter. Susquehanna International Securities Ltd. acquired a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $1,133,000. Finally, State Board of Administration of Florida Retirement System increased its stake in Northrop Grumman by 9.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 160,328 shares of the aerospace company’s stock valued at $74,027,000 after purchasing an additional 14,275 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NOC shares. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and boosted their target price for the stock from $474.00 to $575.00 in a research report on Monday, July 29th. Susquehanna increased their price objective on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday. Barclays lifted their target price on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Finally, Alembic Global Advisors downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $547.44.

Insider Buying and Selling

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the business’s 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 completion of the sale, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 1,490 shares of company stock valued at $747,372. 0.22% of the stock is currently owned by company insiders.

Northrop Grumman Stock Performance

NYSE NOC opened at $519.35 on Monday. The business’s 50-day moving average price is $523.54 and its 200 day moving average price is $481.38. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The company has a market capitalization of $76.86 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.07 by $0.93. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.18 billion. During the same period in the prior year, the firm posted $6.18 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, research analysts predict that Northrop Grumman Co. will post 25.16 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.59%. Northrop Grumman’s payout ratio is 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.