Northrop Grumman Co. (NYSE:NOC) Shares Bought by Oxler Private Wealth LLC

Oxler Private Wealth LLC lifted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,089 shares of the aerospace company’s stock after buying an additional 26 shares during the period. Northrop Grumman makes up approximately 1.3% of Oxler Private Wealth LLC’s holdings, making the stock its 21st largest position. Oxler Private Wealth LLC’s holdings in Northrop Grumman were worth $3,743,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NOC. V Square Quantitative Management LLC lifted its position in Northrop Grumman by 9.6% in the fourth quarter. V Square Quantitative Management LLC now owns 458 shares of the aerospace company’s stock valued at $214,000 after purchasing an additional 40 shares during the period. Virtu Financial LLC acquired a new stake in Northrop Grumman in the fourth quarter valued at about $771,000. Integrated Advisors Network LLC lifted its position in Northrop Grumman by 47.1% in the fourth quarter. Integrated Advisors Network LLC now owns 3,924 shares of the aerospace company’s stock valued at $1,837,000 after purchasing an additional 1,256 shares during the period. Syon Capital LLC lifted its position in Northrop Grumman by 15.4% in the fourth quarter. Syon Capital LLC now owns 1,795 shares of the aerospace company’s stock valued at $840,000 after purchasing an additional 240 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Northrop Grumman by 7,574.5% in the fourth quarter. Fisher Asset Management LLC now owns 123,637 shares of the aerospace company’s stock valued at $57,879,000 after purchasing an additional 122,026 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NYSE:NOC traded up $0.88 during trading on Monday, reaching $529.58. 22,592 shares of the company’s stock traded hands, compared to its average volume of 874,277. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The company has a 50 day moving average of $517.80 and a 200-day moving average of $476.98. The stock has a market capitalization of $78.37 billion, a P/E ratio of 36.97, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. The business had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.34 EPS. On average, equities analysts expect that Northrop Grumman Co. will post 25.16 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is 57.62%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Citigroup increased their target price on shares of Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a report on Thursday. Alembic Global Advisors cut shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a report on Tuesday, August 27th. Barclays increased their target price on shares of Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Finally, Jefferies Financial Group dropped their price objective on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a research note on Tuesday, June 18th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $527.19.

Insider Buying and Selling at Northrop Grumman

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

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.