Northrop Grumman Co. (NYSE:NOC) Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel increased its holdings in Northrop Grumman Co. (NYSE:NOC) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,500 shares of the aerospace company’s stock after acquiring an additional 41 shares during the quarter. Northrop Grumman makes up 0.9% of Carnegie Investment Counsel’s portfolio, making the stock its 26th biggest position. Carnegie Investment Counsel’s holdings in Northrop Grumman were worth $30,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NOC. Ascent Group LLC raised its stake in shares of Northrop Grumman by 0.5% in the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after purchasing an additional 20 shares in the last quarter. Salvus Wealth Management LLC lifted its holdings in Northrop Grumman by 1.6% during the 3rd quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock worth $698,000 after buying an additional 21 shares during the last quarter. Turtle Creek Wealth Advisors LLC grew its position in shares of Northrop Grumman by 4.6% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock worth $218,000 after acquiring an additional 22 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its position in shares of Northrop Grumman by 1.5% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,467 shares of the aerospace company’s stock valued at $640,000 after acquiring an additional 22 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake in Northrop Grumman by 2.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock worth $462,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Up 0.3 %

Shares of Northrop Grumman stock opened at $528.70 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57. The stock has a 50-day moving average price of $517.80 and a 200 day moving average price of $476.98. The company has a market cap of $78.24 billion, a P/E ratio of 36.97, a P/E/G ratio of 2.44 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping the consensus estimate of $5.93 by $0.43. The business had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $5.34 earnings per share. As a group, analysts expect that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were given a dividend of $2.06 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.56%. Northrop Grumman’s payout ratio is 57.62%.

Insider Buying and Selling at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the sale, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the sale, the vice president now directly owns 6,755 shares in the company, valued at approximately $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,879 shares of company stock worth $1,410,703 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on NOC shares. Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price target for the company from $474.00 to $575.00 in a report on Monday, July 29th. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. Citigroup boosted their price objective on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday. Sanford C. Bernstein lowered Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 target price on the stock. in a report on Friday, June 21st. Finally, StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $527.19.

Northrop Grumman Company Profile

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.