Walter & Keenan Wealth Management LLC IN ADV Has $304,000 Holdings in Northrop Grumman Co. (NYSE:NOC)

Walter & Keenan Wealth Management LLC IN ADV boosted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 21.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 575 shares of the aerospace company’s stock after acquiring an additional 102 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Northrop Grumman were worth $304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Ascent Group LLC raised its stake in shares of Northrop Grumman by 0.5% during the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after purchasing an additional 20 shares in the last quarter. Cornell Pochily Investment Advisors Inc. raised its stake in shares of Northrop Grumman by 0.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock valued at $1,131,000 after acquiring an additional 20 shares in the last quarter. Asset Dedication LLC raised its stake in shares of Northrop Grumman by 1.0% in the 3rd quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after acquiring an additional 20 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Northrop Grumman by 1.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock valued at $780,000 after acquiring an additional 20 shares in the last quarter. Finally, PBMares Wealth Management LLC increased its position in Northrop Grumman by 0.5% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,421 shares of the aerospace company’s stock worth $2,335,000 after buying an additional 20 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 1.6 %

Shares of NYSE NOC opened at $504.12 on Wednesday. The firm has a market capitalization of $73.45 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.31 and a beta of 0.34. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57. The firm’s 50-day moving average is $523.60 and its 200-day moving average is $482.10.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.07 by $0.93. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.18 EPS. Equities analysts expect that Northrop Grumman Co. will post 25.87 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.63%. Northrop Grumman’s dividend payout ratio (DPR) is currently 51.05%.

Analyst Upgrades and Downgrades

Several brokerages have commented on NOC. Wells Fargo & Company lifted their price target on Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Susquehanna lifted their price target on Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Citigroup increased their price target on shares of Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, TD Cowen upgraded Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. One equities 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 company. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Hold” and a consensus price target of $550.56.

Insiders Place Their Bets

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the firm’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 transaction of $695,000.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 1,490 shares of company stock worth $747,372. 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.