463 Shares in Northrop Grumman Co. (NYSE:NOC) Purchased by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC acquired a new stake in shares of Northrop Grumman Co. (NYSE:NOC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 463 shares of the aerospace company’s stock, valued at approximately $245,000.

Several other institutional investors have also modified their holdings of NOC. Ascent Group LLC increased its holdings in shares of Northrop Grumman by 0.5% during the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after acquiring an additional 20 shares in the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in Northrop Grumman by 0.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock worth $1,131,000 after purchasing an additional 20 shares during the last quarter. Asset Dedication LLC increased its stake in Northrop Grumman by 1.0% during the 3rd quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after purchasing an additional 20 shares in the last quarter. Salvus Wealth Management LLC raised its holdings in shares of Northrop Grumman by 1.6% in the third quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock worth $698,000 after buying an additional 21 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC lifted its stake in shares of Northrop Grumman by 4.6% during the second quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock worth $218,000 after buying an additional 22 shares during the period. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Stock Up 0.9 %

Northrop Grumman stock opened at $531.43 on Thursday. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The stock has a market capitalization of $78.65 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. The business has a 50 day simple moving average of $520.27 and a 200-day simple moving average of $478.08.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. The company had revenue of $10.22 billion during 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 firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.34 earnings per share. On average, analysts anticipate that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were given a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.55%. Northrop Grumman’s dividend payout ratio (DPR) is presently 57.62%.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 completion of the sale, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was 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 in the company, valued at $3,225,917.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,879 shares of company stock valued at $1,410,703 over the last ninety days. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen raised Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and upped their target price for the company from $474.00 to $575.00 in a research report on Monday, July 29th. Citigroup raised their price target on shares of Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, UBS Group upped their price objective on shares of Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $535.00.

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.