TriaGen Wealth Management LLC Grows Stake in Northrop Grumman Co. (NYSE:NOC)

TriaGen Wealth Management LLC lifted its position in Northrop Grumman Co. (NYSE:NOC) by 109.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,193 shares of the aerospace company’s stock after buying an additional 624 shares during the period. TriaGen Wealth Management LLC’s holdings in Northrop Grumman were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in NOC. RPg Family Wealth Advisory LLC bought a new position in Northrop Grumman in the 2nd quarter worth $28,000. Tompkins Financial Corp bought a new position in Northrop Grumman in the 3rd quarter worth $32,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Northrop Grumman in the 2nd quarter worth $33,000. Strategic Asset Management LLC bought a new position in Northrop Grumman in the 3rd quarter worth $38,000. Finally, Canton Hathaway LLC bought a new position in Northrop Grumman in the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 82.06% of the company’s stock.

Shares of NOC stock traded up $2.02 on Friday, hitting $399.63. The stock had a trading volume of 7,925 shares, compared to its average volume of 794,600. The firm has a market capitalization of $63.36 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.79 and a beta of 0.84. The stock’s 50 day moving average is $372.37 and its 200-day moving average is $368.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.37 and a current ratio of 1.47. Northrop Grumman Co. has a 52-week low of $282.88 and a 52-week high of $408.03.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, October 28th. The aerospace company reported $6.63 EPS for the quarter, beating the Zacks’ consensus estimate of $5.93 by $0.70. The firm had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.94 billion. Northrop Grumman had a net margin of 12.42% and a return on equity of 39.17%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.89 EPS. Equities analysts expect that Northrop Grumman Co. will post 25.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Monday, November 29th were issued a dividend of $1.57 per share. The ex-dividend date was Friday, November 26th. This represents a $6.28 dividend on an annualized basis and a dividend yield of 1.57%. Northrop Grumman’s dividend payout ratio (DPR) is 22.07%.

In other Northrop Grumman news, Director Karl J. Krapek sold 2,800 shares of the stock in a transaction on Thursday, November 11th. The shares were sold at an average price of $357.25, for a total transaction of $1,000,300.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mark A. Caylor sold 427 shares of the stock in a transaction on Wednesday, December 8th. The stock was sold at an average price of $363.54, for a total transaction of $155,231.58. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

NOC has been the topic of a number of recent analyst reports. UBS Group decreased their price target on Northrop Grumman from $380.00 to $350.00 and set a “neutral” rating on the stock in a report on Friday, October 29th. Wells Fargo & Company raised Northrop Grumman from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $335.00 to $399.00 in a report on Monday. Vertical Research cut Northrop Grumman from a “buy” rating to a “hold” rating in a report on Friday, October 29th. Susquehanna dropped their price target on Northrop Grumman from $424.00 to $416.00 and set a “positive” rating for the company in a research report on Friday, October 29th. Finally, Jefferies Financial Group lowered Northrop Grumman from a “buy” rating to a “hold” rating and set a $410.00 price target for the company. in a report on Wednesday, January 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $404.75.

About Northrop Grumman

Northrop Grumman Corp. is an aerospace and defense company, which engages in the provision of security businesses. It creates and delivers platforms, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.

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

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