Axxcess Wealth Management LLC Has $433,000 Position in Northrop Grumman Co. (NYSE:NOC)

Axxcess Wealth Management LLC boosted its position in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 47.6% in the second quarter, Holdings Channel reports. The firm owned 905 shares of the aerospace company’s stock after purchasing an additional 292 shares during the period. Axxcess Wealth Management LLC’s holdings in Northrop Grumman were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NOC. Toronto Dominion Bank lifted its stake in Northrop Grumman by 7.9% in the second quarter. Toronto Dominion Bank now owns 72,647 shares of the aerospace company’s stock valued at $34,761,000 after buying an additional 5,325 shares in the last quarter. Cetera Advisors LLC lifted its stake in Northrop Grumman by 2.0% in the second quarter. Cetera Advisors LLC now owns 11,506 shares of the aerospace company’s stock valued at $5,507,000 after buying an additional 227 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Northrop Grumman in the second quarter valued at approximately $973,000. Cetera Investment Advisers lifted its stake in Northrop Grumman by 4.7% in the second quarter. Cetera Investment Advisers now owns 13,282 shares of the aerospace company’s stock valued at $6,357,000 after buying an additional 599 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Northrop Grumman by 5.5% in the second quarter. Ieq Capital LLC now owns 3,450 shares of the aerospace company’s stock valued at $1,651,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 83.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $490.00 price target on the stock. in a research note on Friday, October 14th. Susquehanna boosted their price objective on shares of Northrop Grumman from $530.00 to $560.00 and gave the stock a “positive” rating in a research report on Wednesday, August 31st. Robert W. Baird boosted their price objective on shares of Northrop Grumman from $529.00 to $570.00 in a research report on Friday, October 28th. Susquehanna Bancshares boosted their price objective on shares of Northrop Grumman from $530.00 to $560.00 and gave the stock a “positive” rating in a research report on Wednesday, August 31st. Finally, Morgan Stanley boosted their price objective on shares of Northrop Grumman from $530.00 to $585.00 and gave the stock an “overweight” rating in a research report on Thursday, November 10th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $536.92.

Northrop Grumman Stock Performance

NYSE NOC opened at $522.34 on Thursday. Northrop Grumman Co. has a 1 year low of $345.91 and a 1 year high of $556.27. The firm has a market capitalization of $80.39 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 7.44 and a beta of 0.64. The firm’s fifty day moving average price is $505.21 and its two-hundred day moving average price is $481.90. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Monday, November 28th will be issued a $1.73 dividend. The ex-dividend date is Friday, November 25th. This represents a $6.92 annualized dividend and a dividend yield of 1.32%. Northrop Grumman’s dividend payout ratio is currently 19.66%.

Northrop Grumman Profile

(Get Rating)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

Further Reading

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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