RPg Family Wealth Advisory LLC Makes New $31,000 Investment in Northrop Grumman Co. (NYSE:NOC)

RPg Family Wealth Advisory LLC purchased a new stake in Northrop Grumman Co. (NYSE:NOC) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 59 shares of the aerospace company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of Northrop Grumman by 16.0% during the second quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock worth $474,276,000 after acquiring an additional 150,367 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Northrop Grumman by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 809,445 shares of the aerospace company’s stock valued at $427,444,000 after buying an additional 3,211 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Northrop Grumman by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock valued at $297,937,000 after purchasing an additional 125,262 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Northrop Grumman by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 443,724 shares of the aerospace company’s stock worth $229,139,000 after buying an additional 5,203 shares during the period. Finally, National Pension Service boosted its stake in Northrop Grumman by 12.5% during the 3rd quarter. National Pension Service now owns 357,466 shares of the aerospace company’s stock worth $188,767,000 after purchasing an additional 39,628 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $532.93, for a total transaction of $616,067.08. Following the completion of the sale, the vice president now directly owns 537 shares of the company’s stock, valued at approximately $286,183.41. This represents a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 1,255 shares of company stock valued at $667,727. 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 quick ratio of 0.97 and a current ratio of 1.09. The company has a 50-day simple moving average of $518.57 and a 200-day simple moving average of $487.14. The firm has a market capitalization of $71.28 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.35. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results 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 analysts’ expectations of $10.18 billion. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.18 earnings per share. On average, equities analysts forecast that Northrop Grumman Co. will post 25.93 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be issued a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Monday, December 2nd. Northrop Grumman’s payout ratio is 51.05%.

Analyst Ratings Changes

Several research analysts have recently commented on NOC shares. Wells Fargo & Company lifted their price target on Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Barclays lifted their price target on shares of Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Citigroup boosted their target price on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada raised their price objective on Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Northrop Grumman has a consensus rating of “Hold” and an average price target of $550.56.

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.