Asset Planning Services Inc. LA ADV Buys 155 Shares of Northrop Grumman Co. (NYSE:NOC)

by · The Cerbat Gem

Asset Planning Services Inc. LA ADV boosted its stake in Northrop Grumman Co. (NYSE:NOC – Free Report) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,010 shares of the aerospace company’s stock after buying an additional 155 shares during the period. Northrop Grumman accounts for approximately 3.1% of Asset Planning Services Inc. LA ADV’s portfolio, making the stock its 16th largest position. Asset Planning Services Inc. LA ADV’s holdings in Northrop Grumman were worth $6,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC increased its holdings in shares of Northrop Grumman by 25.9% in the 1st quarter. Sound Income Strategies LLC now owns 443 shares of the aerospace company’s stock worth $212,000 after purchasing an additional 91 shares in the last quarter. GoalVest Advisory LLC increased its holdings in Northrop Grumman by 79.2% in the 1st quarter. GoalVest Advisory LLC now owns 181 shares of the aerospace company’s stock worth $87,000 after buying an additional 80 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in Northrop Grumman by 13.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,540 shares of the aerospace company’s stock worth $737,000 after buying an additional 182 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Northrop Grumman by 15.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 39,608 shares of the aerospace company’s stock valued at $18,959,000 after acquiring an additional 5,184 shares during the period. Finally, 180 Wealth Advisors LLC boosted its holdings in shares of Northrop Grumman by 5.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 1,978 shares of the aerospace company’s stock valued at $947,000 after acquiring an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the transaction, the vice president now directly owns 6,755 shares in the company, valued at $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,879 shares of company stock worth $1,410,703 over the last quarter. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. BTIG Research initiated coverage on Northrop Grumman in a report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price objective for the company. Citigroup increased their price objective on shares of Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their price objective on shares of Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, UBS Group boosted their target price on shares of Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a report on Friday, July 26th. 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. Based on data from MarketBeat.com, Northrop Grumman has a consensus rating of “Hold” and a consensus price target of $535.00.

Read Our Latest Report on NOC

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $524.61 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The company has a 50 day moving average price of $522.88 and a 200-day moving average price of $480.30. The company has a market capitalization of $77.64 billion, a PE ratio of 36.11, a P/E/G ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57.

Northrop Grumman (NYSE:NOC – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.18 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $6.18 earnings per share. As a group, equities analysts forecast that Northrop Grumman Co. will post 25.16 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company 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. This represents a $8.24 annualized dividend and a yield of 1.57%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is currently 57.62%.

About Northrop Grumman

(Free Report)

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.

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