Cornell Pochily Investment Advisors Inc. Grows Stock Position in Northrop Grumman Co. (NYSE:NOC)

Cornell Pochily Investment Advisors Inc. boosted its stake in Northrop Grumman Co. (NYSE:NOC) by 0.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,141 shares of the aerospace company’s stock after purchasing an additional 20 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Northrop Grumman were worth $1,131,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gulf International Bank UK Ltd grew its holdings in shares of Northrop Grumman by 1,402.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock worth $6,186,000 after purchasing an additional 12,065 shares during the period. Diversify Advisory Services LLC purchased a new stake in Northrop Grumman during the first quarter worth approximately $870,000. Norden Group LLC acquired a new stake in shares of Northrop Grumman in the first quarter worth $778,000. Aviso Wealth Management raised its stake in shares of Northrop Grumman by 110.7% in the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after acquiring an additional 996 shares during the period. Finally, Susquehanna International Securities Ltd. acquired a new position in shares of Northrop Grumman during the 2nd quarter valued at $1,133,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

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 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 owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction 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 transaction, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were 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 $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,879 shares of company stock valued at $1,410,703 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Stock Up 1.1 %

NYSE:NOC opened at $534.50 on Tuesday. The business’s fifty day moving average price is $518.63 and its 200 day moving average price is $477.37. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $79.10 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter last year, the firm earned $5.34 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, sell-side analysts forecast that Northrop Grumman Co. will post 25.16 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 57.62%.

Wall Street Analysts Forecast Growth

NOC has been the topic of several research reports. Citigroup raised their price objective on Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group increased their price objective on shares of Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price target for the stock from $474.00 to $575.00 in a research note on Monday, July 29th. Finally, Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $535.00.

Northrop Grumman Company Profile

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.