Everett Harris & Co. CA Has $683,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Everett Harris & Co. CA grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,293 shares of the aerospace company’s stock after purchasing an additional 190 shares during the period. Everett Harris & Co. CA’s holdings in Northrop Grumman were worth $683,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Optimum Investment Advisors lifted its holdings in shares of Northrop Grumman by 241.2% in the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 41 shares during the last quarter. Bank & Trust Co bought a new position in Northrop Grumman in the 2nd quarter valued at approximately $28,000. Meeder Asset Management Inc. boosted its position in Northrop Grumman by 245.5% in the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after buying an additional 54 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Northrop Grumman during the first quarter worth $47,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Northrop Grumman during the second quarter worth $47,000. Institutional investors and hedge funds 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 firm’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 in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was 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 approximately $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders have sold 2,879 shares of company stock worth $1,410,703 in the last quarter. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Price Performance

NOC stock opened at $530.79 on Friday. 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 company’s fifty day simple moving average is $521.74 and its 200 day simple moving average is $478.93. Northrop Grumman Co. has a 12-month low of $418.60 and a 12-month high of $555.57. The firm has a market cap of $78.55 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 2.44 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last announced 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 company had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same period in the previous year, the business earned $5.34 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. On average, analysts expect that Northrop Grumman Co. will post 25.16 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid 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 is currently 57.62%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NOC shares. Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and raised their price objective for the company from $474.00 to $575.00 in a report on Monday, July 29th. BTIG Research assumed coverage on Northrop Grumman in a research note on Wednesday, June 26th. They set a “buy” rating and a $565.00 price target on the stock. TD Cowen raised Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their target price on shares of Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Morgan Stanley upped 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.