Northrop Grumman Co. (NYSE:NOC) Shares Bought by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC lifted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,205 shares of the aerospace company’s stock after buying an additional 77 shares during the period. Castle Rock Wealth Management LLC’s holdings in Northrop Grumman were worth $1,724,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NOC. Capital International Investors lifted its holdings in Northrop Grumman by 5.6% in the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after acquiring an additional 621,636 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Northrop Grumman by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock valued at $2,218,132,000 after purchasing an additional 211,459 shares in the last quarter. Capital World Investors increased its holdings in shares of Northrop Grumman by 0.6% in the 1st quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock valued at $1,765,543,000 after purchasing an additional 23,398 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Northrop Grumman by 16.0% in the second quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock valued at $474,276,000 after purchasing an additional 150,367 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Northrop Grumman by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock worth $297,937,000 after buying an additional 125,262 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. This trade 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 valued at $1,410,703 over the last quarter. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Up 0.3 %

Shares of Northrop Grumman stock traded up $1.53 during trading hours on Friday, reaching $528.62. 50,659 shares of the company’s stock were exchanged, compared to its average volume of 877,256. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The company has a fifty day moving average of $517.12 and a 200-day moving average of $476.52. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $77.31 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping the consensus estimate of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same period in the prior year, the business posted $5.34 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts forecast that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were given a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.56%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is 53.79%.

Analyst Ratings Changes

NOC has been the subject of a number of research reports. BTIG Research began coverage on shares of Northrop Grumman in a research report on Wednesday, June 26th. They set a “buy” rating and a $565.00 price target for the company. Alembic Global Advisors cut 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. Morgan Stanley boosted their target price on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Royal Bank of Canada raised their price target on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Finally, UBS Group boosted their price objective on shares of Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $527.19.

Northrop Grumman 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.