RPg Family Wealth Advisory LLC Takes Position in Northrop Grumman Co. (NYSE:NOC)

RPg Family Wealth Advisory LLC acquired a new stake in shares of Northrop Grumman Co. (NYSE:NOC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 59 shares of the aerospace company’s stock, valued at approximately $31,000.

Other large investors have also recently added to or reduced their stakes in the company. Ascent Group LLC raised its holdings in shares of Northrop Grumman by 0.5% during the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after acquiring an additional 20 shares in the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of Northrop Grumman by 0.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock valued at $1,131,000 after buying an additional 20 shares during the last quarter. Asset Dedication LLC grew its stake in shares of Northrop Grumman by 1.0% in the 3rd quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after buying an additional 20 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Northrop Grumman by 1.4% in the third quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock worth $780,000 after buying an additional 20 shares during the last quarter. Finally, PBMares Wealth Management LLC raised its position in Northrop Grumman by 0.5% during the third quarter. PBMares Wealth Management LLC now owns 4,421 shares of the aerospace company’s stock valued at $2,335,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Wells Fargo & Company boosted their price target on Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. TD Cowen upgraded Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. UBS Group upped their target price on Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Alembic Global Advisors downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Northrop Grumman presently has an average rating of “Hold” and a consensus price target of $550.56.

Insider Activity

In related news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $532.93, for a total value of $616,067.08. Following the completion of the transaction, the vice president now directly owns 537 shares of the company’s stock, valued at approximately $286,183.41. This trade represents a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,255 shares of company stock worth $667,727 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Up 0.2 %

NYSE NOC opened at $489.20 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. The stock’s 50-day moving average is $518.57 and its 200-day moving average is $487.14. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57. The firm has a market cap of $71.28 billion, a P/E ratio of 30.31, a P/E/G ratio of 0.98 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.07 by $0.93. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.18 earnings per share. Sell-side analysts anticipate that Northrop Grumman Co. will post 25.93 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be given a dividend of $2.06 per share. The ex-dividend date is Monday, December 2nd. This represents a $8.24 annualized dividend and a yield of 1.68%. Northrop Grumman’s dividend payout ratio (DPR) is presently 51.05%.

About Northrop Grumman

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.