Northrop Grumman Co. (NYSE:NOC) Shares Bought by Allworth Financial LP

Allworth Financial LP grew its holdings in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,799 shares of the aerospace company’s stock after purchasing an additional 111 shares during the period. Allworth Financial LP’s holdings in Northrop Grumman were worth $1,818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dividend Assets Capital LLC grew its holdings in shares of Northrop Grumman by 8.4% in the 1st quarter. Dividend Assets Capital LLC now owns 283 shares of the aerospace company’s stock worth $127,000 after purchasing an additional 22 shares during the last quarter. IHT Wealth Management LLC lifted its position in Northrop Grumman by 1.6% during the 1st quarter. IHT Wealth Management LLC now owns 1,371 shares of the aerospace company’s stock worth $613,000 after buying an additional 22 shares in the last quarter. Cape ANN Savings Bank lifted its position in Northrop Grumman by 0.8% during the 1st quarter. Cape ANN Savings Bank now owns 2,676 shares of the aerospace company’s stock worth $1,197,000 after buying an additional 22 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Northrop Grumman by 1.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,291 shares of the aerospace company’s stock worth $577,000 after buying an additional 24 shares in the last quarter. Finally, Aldebaran Financial Inc. lifted its position in Northrop Grumman by 2.2% during the 1st quarter. Aldebaran Financial Inc. now owns 1,140 shares of the aerospace company’s stock worth $510,000 after buying an additional 25 shares in the last quarter. 83.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NOC has been the topic of several research reports. Robert W. Baird upgraded shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $488.00 to $529.00 in a research report on Friday, July 29th. Morgan Stanley upped their price target on shares of Northrop Grumman from $521.00 to $530.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 12th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Saturday, September 17th. Susquehanna upped their target price on shares of Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a research report on Wednesday, August 31st. Finally, Susquehanna Bancshares upped their target price on shares of Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a research report on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $487.75.

Insider Buying and Selling

In related news, VP Sheila C. Cheston sold 4,025 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $473.99, for a total transaction of $1,907,809.75. Following the completion of the sale, the vice president now directly owns 25,350 shares of the company’s stock, valued at approximately $12,015,646.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Kathy J. Warden sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $481.87, for a total transaction of $4,818,700.00. Following the completion of the transaction, the chief executive officer now directly owns 134,583 shares of the company’s stock, valued at approximately $64,851,510.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sheila C. Cheston sold 4,025 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $473.99, for a total transaction of $1,907,809.75. Following the transaction, the vice president now directly owns 25,350 shares of the company’s stock, valued at $12,015,646.50. The disclosure for this sale can be found here. In the last three months, insiders sold 14,607 shares of company stock valued at $7,007,034. 0.25% of the stock is owned by corporate insiders.

Northrop Grumman Stock Performance

Shares of NYSE:NOC opened at $496.46 on Friday. The company has a market capitalization of $76.81 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 9.09 and a beta of 0.61. The firm’s 50 day simple moving average is $477.14 and its 200 day simple moving average is $464.47. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 1.20. Northrop Grumman Co. has a fifty-two week low of $345.90 and a fifty-two week high of $515.49.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Monday, August 29th were paid a dividend of $1.73 per share. The ex-dividend date of this dividend was Friday, August 26th. This represents a $6.92 dividend on an annualized basis and a yield of 1.39%. Northrop Grumman’s payout ratio is 19.26%.

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.

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

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