Simon Quick Advisors LLC Buys 110 Shares of Northrop Grumman Co. (NYSE:NOC)

Simon Quick Advisors LLC grew its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 15.2% in the second quarter, Holdings Channel reports. The fund owned 833 shares of the aerospace company’s stock after acquiring an additional 110 shares during the quarter. Simon Quick Advisors LLC’s holdings in Northrop Grumman were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Gulf International Bank UK Ltd grew its holdings 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 valued at $6,186,000 after purchasing an additional 12,065 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of Northrop Grumman during the 1st quarter valued at $870,000. Norden Group LLC purchased a new position in shares of Northrop Grumman during the 1st quarter valued at $778,000. Fisher Asset Management LLC grew its stake in shares of Northrop Grumman by 7,574.5% during the 4th quarter. Fisher Asset Management LLC now owns 123,637 shares of the aerospace company’s stock worth $57,879,000 after acquiring an additional 122,026 shares during the period. Finally, Red Mountain Financial LLC purchased a new stake in Northrop Grumman in the 4th quarter worth about $264,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas H. Jones sold 1,389 shares of the 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 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 90 days, insiders have sold 2,813 shares of company stock valued at $1,375,877. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NOC shares. Morgan Stanley boosted their price target on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. TD Cowen boosted their target price on shares of Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a report on Monday, July 29th. Alembic Global Advisors lowered Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target for the company. in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and boosted their price objective for the company from $474.00 to $575.00 in a research note on Monday, July 29th. Finally, Jefferies Financial Group cut their target price on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a research note on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $523.20.

Northrop Grumman Trading Up 0.2 %

NYSE NOC opened at $523.49 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. The stock’s 50-day simple moving average is $475.08 and its two-hundred day simple moving average is $464.53. Northrop Grumman Co. has a twelve month low of $414.56 and a twelve month high of $528.76. The company has a market capitalization of $77.47 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 2.40 and a beta of 0.32.

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, beating analysts’ consensus estimates of $5.93 by $0.43. The company had revenue of $10.22 billion for 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%. Northrop Grumman’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $5.34 EPS. Research analysts forecast that Northrop Grumman Co. will post 25.15 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd will be issued a $2.06 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.57%. 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.