AE Wealth Management LLC Invests $504,000 in Northrop Grumman Corporation (NOC)

AE Wealth Management LLC bought a new stake in Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,751 shares of the aerospace company’s stock, valued at approximately $504,000.

Other institutional investors have also recently bought and sold shares of the company. Hanseatic Management Services Inc. lifted its holdings in shares of Northrop Grumman Corporation by 12.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 48 shares during the last quarter. First Personal Financial Services lifted its holdings in shares of Northrop Grumman Corporation by 39.0% in the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 121 shares during the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of Northrop Grumman Corporation by 28.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 100 shares during the last quarter. People s United Financial Inc. lifted its holdings in shares of Northrop Grumman Corporation by 9.2% in the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 40 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Northrop Grumman Corporation in the 3rd quarter valued at about $154,000. 81.68% of the stock is owned by institutional investors and hedge funds.

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In related news, VP Denise M. Peppard sold 2,328 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $300.86, for a total value of $700,402.08. Following the sale, the vice president now owns 28,553 shares in the company, valued at approximately $8,590,455.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $298.00, for a total value of $1,880,678.00. Following the completion of the sale, the vice president now owns 63,147 shares in the company, valued at approximately $18,817,806. The disclosure for this sale can be found here. Insiders have sold a total of 21,417 shares of company stock worth $6,365,189 in the last quarter. 0.70% of the stock is currently owned by insiders.

Northrop Grumman Corporation (NYSE:NOC) traded up $4.09 during midday trading on Tuesday, reaching $300.94. The company’s stock had a trading volume of 703,400 shares, compared to its average volume of 774,615. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. Northrop Grumman Corporation has a 52 week low of $220.72 and a 52 week high of $306.61. The firm has a market cap of $52,390.00, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last released its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The company had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the firm posted $3.35 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts predict that Northrop Grumman Corporation will post 13.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, December 1st. Northrop Grumman Corporation’s payout ratio is 29.81%.

Several research firms have recently weighed in on NOC. Royal Bank Of Canada boosted their target price on Northrop Grumman Corporation from $324.00 to $347.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) set a $320.00 target price on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Thursday, October 26th. Cowen and Company reissued a “hold” rating and issued a $300.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, October 26th. Zacks Investment Research downgraded Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Stifel Nicolaus upped their price objective on Northrop Grumman Corporation from $255.00 to $300.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Northrop Grumman Corporation has an average rating of “Buy” and a consensus price target of $293.93.

Northrop Grumman Corporation Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

Institutional Ownership by Quarter for Northrop Grumman Corporation (NYSE:NOC)

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