Kingsview Wealth Management LLC Has $4.40 Million Stake in Northrop Grumman Co. (NYSE:NOC)

Kingsview Wealth Management LLC raised its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,337 shares of the aerospace company’s stock after buying an additional 58 shares during the period. Kingsview Wealth Management LLC’s holdings in Northrop Grumman were worth $4,402,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Cerity Partners LLC lifted its holdings in Northrop Grumman by 38.2% in the 3rd quarter. Cerity Partners LLC now owns 26,543 shares of the aerospace company’s stock worth $14,016,000 after purchasing an additional 7,336 shares during the last quarter. Certified Advisory Corp lifted its holdings in Northrop Grumman by 22.8% in the 3rd quarter. Certified Advisory Corp now owns 1,143 shares of the aerospace company’s stock worth $604,000 after purchasing an additional 212 shares during the last quarter. Nwam LLC acquired a new stake in Northrop Grumman in the 3rd quarter worth approximately $761,000. Meridian Wealth Management LLC acquired a new stake in Northrop Grumman in the 3rd quarter worth approximately $4,089,000. Finally, Icon Wealth Advisors LLC lifted its holdings in Northrop Grumman by 551.8% in the 3rd quarter. Icon Wealth Advisors LLC now owns 7,411 shares of the aerospace company’s stock worth $3,914,000 after purchasing an additional 6,274 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays boosted their target price on Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Royal Bank of Canada boosted their target price on Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. TD Cowen upgraded Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. Citigroup upped their price target on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, UBS Group upped their price target on Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $550.56.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $496.87 on Friday. The business has a fifty day simple moving average of $520.60 and a 200 day simple moving average of $486.84. 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 firm has a market capitalization of $72.39 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 1.00 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 issued its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same period in the prior year, the company posted $6.18 earnings per share. Northrop Grumman’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts expect that Northrop Grumman Co. will post 25.93 EPS for the current year.

Northrop Grumman Announces Dividend

The business 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 $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Monday, December 2nd. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $532.93, for a total value of $616,067.08. Following the transaction, the vice president now 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 SEC, which can be accessed through the SEC website. Insiders have sold 1,289 shares of company stock worth $685,273 over the last three months. Company insiders own 0.22% of the company’s stock.

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.