Captrust Financial Advisors Purchases 69 Shares of Northrop Grumman Co. (NYSE:NOC)

Captrust Financial Advisors raised its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,899 shares of the aerospace company’s stock after acquiring an additional 69 shares during the quarter. Captrust Financial Advisors’ holdings in Northrop Grumman were worth $10,508,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NOC. Fisher Asset Management LLC raised its stake in Northrop Grumman by 2.6% during 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 raised its position in shares of Northrop Grumman by 20.0% during the third quarter. AIA Group Ltd now owns 7,458 shares of the aerospace company’s stock valued at $3,938,000 after buying an additional 1,242 shares during the last quarter. Aviso Wealth Management lifted its holdings in shares of Northrop Grumman by 110.7% in the second quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock worth $827,000 after buying an additional 996 shares in the last quarter. Susquehanna International Securities Ltd. bought a new position in shares of Northrop Grumman during the second quarter worth $1,133,000. Finally, Meridian Wealth Management LLC purchased a new position in Northrop Grumman during the third quarter valued at $4,089,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Northrop Grumman

In related news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman 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 completion of the sale, the vice president now directly owns 537 shares in the company, valued at $286,183.41. The trade was a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 1,255 shares of company stock worth $667,727. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Up 0.1 %

Shares of NYSE NOC opened at $489.65 on Monday. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. 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 market cap of $71.34 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 0.99 and a beta of 0.35. The business’s 50 day moving average price is $517.20 and its 200-day moving average price is $487.46.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.07 by $0.93. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.18 billion. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $6.18 earnings per share. On average, sell-side analysts expect that Northrop Grumman Co. will post 25.93 earnings per share for the current year.

Northrop Grumman Announces Dividend

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

Analyst Upgrades and Downgrades

NOC has been the subject of several research reports. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. Alembic Global Advisors lowered Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target for the company. in a research note on Tuesday, August 27th. Barclays upped their price objective on Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. StockNews.com lowered shares of Northrop Grumman from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Hold” and a consensus target price 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.