Foundations Investment Advisors LLC Purchases 20 Shares of Northrop Grumman Co. (NYSE:NOC)

Foundations Investment Advisors LLC increased its holdings in Northrop Grumman Co. (NYSE:NOC) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,478 shares of the aerospace company’s stock after purchasing an additional 20 shares during the period. Foundations Investment Advisors LLC’s holdings in Northrop Grumman were worth $780,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Optimum Investment Advisors increased its holdings in shares of Northrop Grumman by 241.2% in 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 during the last quarter. Bank & Trust Co bought a new stake in Northrop Grumman during the second quarter worth approximately $28,000. Meeder Asset Management Inc. raised its position in Northrop Grumman by 245.5% during the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 54 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Northrop Grumman in the 2nd quarter worth approximately $47,000. Finally, Larson Financial Group LLC increased its position in shares of Northrop Grumman by 281.5% during the 1st quarter. Larson Financial Group LLC now owns 103 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NOC stock opened at $523.68 on Friday. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57. The business has a 50-day moving average price of $522.88 and a 200 day moving average price of $480.30. The company has a market capitalization of $76.58 billion, a P/E ratio of 34.18, a PEG ratio of 2.38 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.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.07 by $0.93. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same quarter in the previous year, the business posted $6.18 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were given a $2.06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is 53.79%.

Insider Buying and Selling

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction dated 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 owns 4,634 shares in the company, valued at $2,317,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 1,490 shares of company stock worth $747,372 in the last three months. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group lifted their price objective on shares of Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised 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. Barclays increased their price objective on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Alembic Global Advisors lowered Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. 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, the stock currently has a consensus rating of “Hold” and an average price target of $535.00.

Northrop Grumman 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.