Secure Asset Management LLC Has $214,000 Stock Position in Northrop Grumman Co. (NYSE:NOC)

Secure Asset Management LLC grew its position in Northrop Grumman Co. (NYSE:NOC) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 490 shares of the aerospace company’s stock after acquiring an additional 39 shares during the quarter. Secure Asset Management LLC’s holdings in Northrop Grumman were worth $214,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Gulf International Bank UK Ltd boosted its stake in Northrop Grumman by 1,402.9% during the first quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock worth $6,186,000 after buying an additional 12,065 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in Northrop Grumman in the first quarter valued at about $870,000. Norden Group LLC acquired a new position in Northrop Grumman in the first quarter worth about $778,000. Fisher Asset Management LLC raised its position in Northrop Grumman by 7,574.5% in the fourth quarter. Fisher Asset Management LLC now owns 123,637 shares of the aerospace company’s stock worth $57,879,000 after purchasing an additional 122,026 shares in the last quarter. Finally, Red Mountain Financial LLC bought a new position in Northrop Grumman during the fourth quarter worth about $264,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NOC shares. Robert W. Baird raised their target price on Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Sanford C. Bernstein cut Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price objective for the company. in a report on Friday, June 21st. UBS Group upped their target price on shares of Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Jefferies Financial Group cut their price target on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a report on Tuesday, June 18th. Finally, Barclays upped their price objective on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Northrop Grumman currently has a consensus rating of “Hold” and a consensus target price of $521.33.

Insiders Place Their Bets

In related news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman 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 completion of the sale, the vice president now directly owns 4,634 shares of the company’s stock, valued at $2,317,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman 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 transaction, the vice president now directly owns 4,634 shares in the company, valued at $2,317,000. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Down 0.1 %

Shares of NOC stock traded down $0.29 on Friday, reaching $509.34. 554,853 shares of the stock were exchanged, compared to its average volume of 945,673. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. Northrop Grumman Co. has a one year low of $414.56 and a one year high of $511.87. The stock has a market cap of $75.38 billion, a PE ratio of 35.62, a P/E/G ratio of 2.26 and a beta of 0.32. The stock has a 50 day moving average price of $460.85 and a 200 day moving average price of $460.63.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping the consensus estimate of $5.93 by $0.43. The firm had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.34 EPS. Equities research analysts forecast that Northrop Grumman Co. will post 25.18 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd will be paid a $2.06 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.62%. Northrop Grumman’s payout ratio is presently 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.