Excalibur Management Corp Acquires 100 Shares of Northrop Grumman Co. (NYSE:NOC)

Excalibur Management Corp grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 529 shares of the aerospace company’s stock after purchasing an additional 100 shares during the quarter. Excalibur Management Corp’s holdings in Northrop Grumman were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Optimum Investment Advisors boosted its holdings in shares of Northrop Grumman by 241.2% during the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after buying an additional 41 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Northrop Grumman during the 4th quarter valued at $29,000. Bank & Trust Co acquired a new position in shares of Northrop Grumman during the 2nd quarter valued at $28,000. Meeder Asset Management Inc. grew its holdings in Northrop Grumman by 245.5% in the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 54 shares during the period. Finally, Rise Advisors LLC bought a new stake in Northrop Grumman in the first quarter valued at $38,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Up 0.3 %

NOC opened at $521.50 on Tuesday. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $528.76. The firm has a market capitalization of $77.18 billion, a P/E ratio of 36.47, a PEG ratio of 2.36 and a beta of 0.34. The company’s 50-day moving average is $488.54 and its 200 day moving average is $468.04. 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 (NYSE:NOC) last posted its earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping the consensus estimate of $5.93 by $0.43. The firm had revenue of $10.22 billion for the quarter, compared to analysts’ expectations of $10.02 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $5.34 EPS. Research analysts expect that Northrop Grumman Co. will post 25.14 earnings per share 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 given a $2.06 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.58%. Northrop Grumman’s dividend payout ratio is currently 57.62%.

Insider Buying and Selling at Northrop Grumman

In other 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 sale, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 transaction 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 approximately $3,225,917.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction that occurred 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 owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The disclosure for this sale can be found here. Insiders sold 2,846 shares of company stock worth $1,393,028 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NOC has been the topic of a number of research analyst reports. Sanford C. Bernstein cut shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price objective on the stock. in a research report on Friday, June 21st. Barclays raised their price objective on Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company boosted their price objective on Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. TD Cowen increased their target price on Northrop Grumman from $440.00 to $515.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price target for the company from $474.00 to $575.00 in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $523.20.

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.