iSAM Funds UK Ltd Purchases Shares of 2,187 Northrop Grumman Co. (NYSE:NOC)

iSAM Funds UK Ltd purchased a new stake in Northrop Grumman Co. (NYSE:NOC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,187 shares of the aerospace company’s stock, valued at approximately $1,155,000.

Other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its holdings in Northrop Grumman by 2.6% in the 3rd quarter. Fisher Asset Management LLC now owns 212,514 shares of the aerospace company’s stock valued at $112,222,000 after purchasing an additional 5,334 shares during the period. AIA Group Ltd lifted its holdings in shares of Northrop Grumman by 20.0% during the 3rd quarter. AIA Group Ltd now owns 7,458 shares of the aerospace company’s stock worth $3,938,000 after acquiring an additional 1,242 shares during the period. Aviso Wealth Management lifted its holdings in shares of Northrop Grumman by 110.7% during the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock worth $827,000 after acquiring an additional 996 shares during the period. Susquehanna International Securities Ltd. bought a new position in shares of Northrop Grumman during the 2nd quarter worth about $1,133,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Northrop Grumman during the 3rd quarter worth about $4,089,000. 83.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Northrop Grumman

In other news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman stock in a transaction that occurred on 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 owns 537 shares in the company, valued at $286,183.41. The trade was a 68.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 1,255 shares of company stock worth $666,461. 0.22% of the stock is currently owned by corporate insiders.

Northrop Grumman Trading Down 1.3 %

NOC opened at $473.33 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $68.96 billion, a PE ratio of 29.33, a PEG ratio of 0.98 and a beta of 0.33. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57. The firm has a 50-day moving average price of $513.61 and a two-hundred day moving average price of $487.60.

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

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be given a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, December 2nd. Northrop Grumman’s payout ratio is presently 51.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. UBS Group raised their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a report on Friday, October 25th. 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. JPMorgan Chase & Co. raised their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Morgan Stanley increased 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.