1,341 Northrop Grumman Corporation $NOC Shares Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,764 shares of the aerospace company’s stock after buying an additional 1,341 shares during the quarter. Traynor Capital Management Inc.’s holdings in Northrop Grumman were worth $12,456,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NOC. Whipplewood Advisors LLC raised its position in Northrop Grumman by 380.0% during the first quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 38 shares in the last quarter. Perkins Coie Trust Co bought a new position in shares of Northrop Grumman in the 2nd quarter valued at about $29,000. Plato Investment Management Ltd bought a new position in shares of Northrop Grumman in the 2nd quarter valued at about $30,000. Navigoe LLC acquired a new position in shares of Northrop Grumman during the 2nd quarter worth about $30,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Northrop Grumman during the 1st quarter worth about $42,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Susquehanna cut their target price on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research note on Wednesday, July 22nd. Guggenheim boosted their price target on Northrop Grumman from $612.00 to $640.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. UBS Group upped their price objective on Northrop Grumman from $694.00 to $698.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 price objective (down from $800.00) on shares of Northrop Grumman in a research report on Wednesday, July 8th. Finally, Sanford C. Bernstein lifted their target price on Northrop Grumman from $556.00 to $590.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 27th. Fifteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $643.74.

Northrop Grumman Stock Up 0.2%

Shares of NOC opened at $558.79 on Monday. Northrop Grumman Corporation has a 52 week low of $470.06 and a 52 week high of $774.00. The firm has a market cap of $79.38 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 3.00 and a beta of -0.13. The firm’s 50-day simple moving average is $520.51 and its 200 day simple moving average is $591.78. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.14 and a current ratio of 1.23.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, October 20th. The aerospace company reported $7.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.18 by $0.71. Northrop Grumman had a net margin of 10.37% and a return on equity of 23.46%. The firm had revenue of $11.12 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same period last year, the business posted $7.67 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts forecast that Northrop Grumman Corporation will post 29.64 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Monday, August 31st were paid a $2.47 dividend. The ex-dividend date was Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 1.8%. Northrop Grumman’s payout ratio is 31.17%.

About Northrop Grumman

Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company that develops and produces systems for government and commercial customers, with the U.S. government representing its primary customer base. The company operates across aerospace, defense, space, cybersecurity and advanced technology markets.

Its products and services include military aircraft and autonomous systems, space systems and satellites, missile defense technologies, command-and-control systems, cyber solutions, sensors, communications networks and other mission-critical systems.