Northrop Grumman Co. (NYSE:NOC) Shares Acquired by Evexia Wealth LLC

Evexia Wealth LLC boosted its holdings in Northrop Grumman Co. (NYSE:NOC) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,596 shares of the aerospace company’s stock after acquiring an additional 322 shares during the quarter. Northrop Grumman accounts for 3.3% of Evexia Wealth LLC’s portfolio, making the stock its 13th largest position. Evexia Wealth LLC’s holdings in Northrop Grumman were worth $7,858,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NOC. Verdence Capital Advisors LLC grew its position in Northrop Grumman by 8.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,373 shares of the aerospace company’s stock valued at $604,000 after buying an additional 105 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Northrop Grumman by 9.2% in the third quarter. Brighton Jones LLC now owns 1,341 shares of the aerospace company’s stock valued at $590,000 after acquiring an additional 113 shares in the last quarter. Cambridge Trust Co. increased its stake in shares of Northrop Grumman by 92.5% during the third quarter. Cambridge Trust Co. now owns 308 shares of the aerospace company’s stock valued at $136,000 after acquiring an additional 148 shares during the period. IFM Investors Pty Ltd raised its holdings in Northrop Grumman by 5.9% during the third quarter. IFM Investors Pty Ltd now owns 15,564 shares of the aerospace company’s stock worth $6,851,000 after purchasing an additional 863 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Northrop Grumman by 3.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,671 shares of the aerospace company’s stock worth $8,219,000 after purchasing an additional 637 shares during the period. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TheStreet cut Northrop Grumman from a “b+” rating to a “c+” rating in a research report on Thursday, January 25th. Royal Bank of Canada boosted their price target on shares of Northrop Grumman from $450.00 to $475.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. Susquehanna raised their price objective on shares of Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Wells Fargo & Company lifted their price objective on shares of Northrop Grumman from $483.00 to $518.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Finally, Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price for the company in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $509.38.

Northrop Grumman Trading Up 1.0 %

Shares of NYSE:NOC traded up $4.67 during mid-day trading on Tuesday, hitting $473.53. The stock had a trading volume of 734,284 shares, compared to its average volume of 1,009,010. Northrop Grumman Co. has a 12-month low of $414.56 and a 12-month high of $496.89. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.13. The company has a market cap of $70.08 billion, a PE ratio of 33.11, a P/E/G ratio of 1.93 and a beta of 0.34. The company’s 50 day moving average is $465.45 and its 200-day moving average is $465.24.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.83 by $0.49. The company had revenue of $10.13 billion during the quarter, compared to analyst estimates of $9.77 billion. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.50 earnings per share. On average, sell-side analysts predict that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 26th were issued a $1.87 dividend. The ex-dividend date was Friday, February 23rd. This represents a $7.48 dividend on an annualized basis and a dividend yield of 1.58%. Northrop Grumman’s dividend payout ratio is 52.31%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, CAO Michael A. Hardesty sold 955 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $450.37, for a total value of $430,103.35. Following the completion of the sale, the chief accounting officer now owns 4,137 shares in the company, valued at approximately $1,863,180.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Northrop Grumman news, CAO Michael A. Hardesty sold 955 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $430,103.35. Following the transaction, the chief accounting officer now directly owns 4,137 shares of the company’s stock, valued at approximately $1,863,180.69. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Michael A. Hardesty sold 210 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total value of $95,482.80. Following the sale, the chief accounting officer now directly owns 3,127 shares of the company’s stock, valued at $1,421,784.36. The disclosure for this sale can be found here. Insiders sold 3,149 shares of company stock valued at $1,421,147 over the last three months. 0.22% of the stock is owned by corporate insiders.

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.