Fulton Breakefield Broenniman LLC Buys 89 Shares of Northrop Grumman Co. (NYSE:NOC)


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Fulton Breakefield Broenniman LLC grew its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,003 shares of the aerospace company’s stock after purchasing an additional 89 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Northrop Grumman were worth $648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Childress Capital Advisors LLC bought a new stake in shares of Northrop Grumman during the 4th quarter valued at about $25,000. Graves Light Private Wealth Management Inc. bought a new stake in shares of Northrop Grumman during the 4th quarter valued at about $28,000. Bellwether Advisors LLC bought a new stake in shares of Northrop Grumman during the 4th quarter valued at about $29,000. ELM Advisors LLC bought a new stake in shares of Northrop Grumman during the 4th quarter valued at about $30,000. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Northrop Grumman by 56.1% during the 4th quarter. Carroll Financial Associates Inc. now owns 103 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 37 shares in the last quarter. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

In other Northrop Grumman news, VP Mary D. Petryszyn sold 968 shares of the company’s stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $302.93, for a total transaction of $293,236.24. Following the completion of the sale, the vice president now directly owns 7,307 shares of the company’s stock, valued at $2,213,509.51. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Janis G. Pamiljans sold 801 shares of the company’s stock in a transaction that occurred on Thursday, February 18th. The shares were sold at an average price of $295.80, for a total transaction of $236,935.80. Following the sale, the vice president now directly owns 12,466 shares of the company’s stock, valued at $3,687,442.80. The disclosure for this sale can be found here. Insiders have sold 14,286 shares of company stock valued at $4,294,598 over the last three months. 0.27% of the stock is owned by corporate insiders.

Several research firms recently commented on NOC. Robert W. Baird lowered shares of Northrop Grumman from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $386.00 to $331.00 in a research note on Thursday, January 7th. Morgan Stanley dropped their price objective on shares of Northrop Grumman from $453.00 to $447.00 and set an “overweight” rating on the stock in a research note on Monday, February 8th. Credit Suisse Group dropped their price objective on shares of Northrop Grumman from $377.00 to $353.00 and set an “outperform” rating on the stock in a research note on Friday, January 29th. Susquehanna Bancshares dropped their price objective on shares of Northrop Grumman from $380.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, January 29th. Finally, Susquehanna dropped their price objective on shares of Northrop Grumman from $380.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, January 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Northrop Grumman has a consensus rating of “Buy” and a consensus target price of $373.08.

Shares of NYSE NOC opened at $339.95 on Friday. The firm’s 50 day moving average price is $308.82 and its 200-day moving average price is $305.45. The company has a market cap of $54.72 billion, a PE ratio of 23.25 and a beta of 0.75. Northrop Grumman Co. has a 52-week low of $282.88 and a 52-week high of $357.12. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.36 and a current ratio of 1.44.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, January 28th. The aerospace company reported $6.59 earnings per share for the quarter, beating the consensus estimate of $5.70 by $0.89. Northrop Grumman had a net margin of 6.94% and a return on equity of 40.02%. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the company earned $5.61 earnings per share. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts forecast that Northrop Grumman Co. will post 22.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 17th. Stockholders of record on Monday, March 1st were issued a dividend of $1.45 per share. The ex-dividend date was Friday, February 26th. This represents a $5.80 annualized dividend and a dividend yield of 1.71%. Northrop Grumman’s payout ratio is 27.35%.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems for strategic and tactical intelligence, surveillance, and reconnaissance (ISR) missions; and long-range strike aircraft systems, tactical fighter aircrafts, and airborne battle management systems.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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