Glassman Wealth Services Has $336,000 Stake in Northrop Grumman Co. (NYSE:NOC)

Glassman Wealth Services decreased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 718 shares of the aerospace company’s stock after selling 47 shares during the period. Glassman Wealth Services’ holdings in Northrop Grumman were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NOC. Headlands Technologies LLC acquired a new position in Northrop Grumman during the 4th quarter worth $25,000. SRS Capital Advisors Inc. lifted its position in Northrop Grumman by 960.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 48 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Northrop Grumman during the 3rd quarter worth $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Northrop Grumman during the fourth quarter valued at about $29,000. Finally, McIlrath & Eck LLC raised its position in shares of Northrop Grumman by 247.6% during the fourth quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock valued at $34,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NOC shares. Susquehanna upped their price objective on shares of Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Robert W. Baird upped their price objective on shares of Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective for the company in a research report on Monday, April 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Northrop Grumman from $483.00 to $518.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Northrop Grumman currently has an average rating of “Hold” and a consensus target price of $514.33.

Northrop Grumman Price Performance

Northrop Grumman stock traded up $1.27 during trading hours on Friday, hitting $466.43. 420,855 shares of the stock were exchanged, compared to its average volume of 859,820. Northrop Grumman Co. has a 12 month low of $414.56 and a 12 month high of $496.89. The business’s 50-day moving average is $468.68 and its two-hundred day moving average is $465.09. The stock has a market capitalization of $69.03 billion, a P/E ratio of 32.62, a P/E/G ratio of 2.18 and a beta of 0.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.13.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.83 by $0.49. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The company had revenue of $10.13 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the business earned $5.50 earnings per share. Northrop Grumman’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that Northrop Grumman Co. will post 24.7 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th will be given a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.87. The ex-dividend date of this dividend is Friday, May 24th. Northrop Grumman’s dividend payout ratio is presently 52.31%.

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.