Aviso Wealth Management Grows Position in Northrop Grumman Co. (NYSE:NOC)

Aviso Wealth Management lifted its position in Northrop Grumman Co. (NYSE:NOC) by 110.7% during the 2nd quarter, Holdings Channel reports. The firm owned 1,896 shares of the aerospace company’s stock after acquiring an additional 996 shares during the period. Aviso Wealth Management’s holdings in Northrop Grumman were worth $827,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Ascent Group LLC grew 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 during the last quarter. Bogart Wealth LLC grew its stake in shares of Northrop Grumman by 14.1% in the first quarter. Bogart Wealth LLC now owns 170 shares of the aerospace company’s stock worth $81,000 after purchasing an additional 21 shares during the last quarter. Turtle Creek Wealth Advisors LLC increased its holdings in Northrop Grumman by 4.6% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock valued at $218,000 after purchasing an additional 22 shares during the period. Oliver Lagore Vanvalin Investment Group raised its position in Northrop Grumman by 1.5% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,467 shares of the aerospace company’s stock valued at $640,000 after purchasing an additional 22 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in Northrop Grumman by 2.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock worth $462,000 after buying an additional 23 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

NOC stock opened at $526.79 on Friday. 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 firm has a 50 day moving average price of $505.21 and a 200-day moving average price of $472.21. Northrop Grumman Co. has a 52-week low of $414.56 and a 52-week high of $534.61. The firm has a market capitalization of $77.96 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.44 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $10.02 billion. During the same quarter last year, the company earned $5.34 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts forecast that Northrop Grumman Co. will post 25.14 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

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

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman 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 completion of the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 directly owns 4,634 shares in the company, valued at approximately $2,317,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman 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 completion of the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,846 shares of company stock valued at $1,393,028. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and boosted their target price for the company from $474.00 to $575.00 in a research note on Monday, July 29th. Wells Fargo & Company boosted their price objective on shares of Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Morgan Stanley upped their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Finally, Alembic Global Advisors cut shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $523.20.

Northrop Grumman 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.