Moody Lynn & Lieberson LLC Acquires 90 Shares of Northrop Grumman Co. (NYSE:NOC)

Moody Lynn & Lieberson LLC increased its position in Northrop Grumman Co. (NYSE:NOC) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,056 shares of the aerospace company’s stock after buying an additional 90 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Northrop Grumman were worth $6,894,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Diversify Advisory Services LLC bought a new position in Northrop Grumman in the 1st quarter worth $870,000. Norden Group LLC bought a new position in Northrop Grumman in the 1st quarter worth $778,000. Aviso Wealth Management boosted its holdings in Northrop Grumman by 110.7% in the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock worth $827,000 after buying an additional 996 shares during the period. Susquehanna International Securities Ltd. bought a new position in Northrop Grumman in the 2nd quarter worth $1,133,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Northrop Grumman by 9.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 160,328 shares of the aerospace company’s stock worth $74,027,000 after buying an additional 14,275 shares during the period. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC opened at $523.68 on Friday. The company has a 50 day moving average of $522.88 and a two-hundred day moving average of $480.30. The company has a market cap of $76.58 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 2.38 and a beta of 0.34. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $6.18 earnings per share. As a group, analysts predict that Northrop Grumman Co. will post 25.16 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.57%. Northrop Grumman’s dividend payout ratio is currently 53.79%.

Insiders Place Their Bets

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 1,490 shares of company stock valued at $747,372. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on NOC. UBS Group increased their price objective on shares of Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. increased their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective for the company. in a report on Tuesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and upped their target price for the company from $474.00 to $575.00 in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and an average target price of $535.00.

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.