Sharkey Howes & Javer Makes New $317,000 Investment in Northrop Grumman Co. (NYSE:NOC)

Sharkey Howes & Javer bought a new position in Northrop Grumman Co. (NYSE:NOC) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 600 shares of the aerospace company’s stock, valued at approximately $317,000.

Other institutional investors have also recently made changes to their positions in the company. Optimum Investment Advisors boosted its stake in shares of Northrop Grumman by 241.2% during the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 41 shares in the last quarter. Bank & Trust Co purchased a new position in shares of Northrop Grumman in the 2nd quarter valued at $28,000. Meeder Asset Management Inc. raised its position in shares of Northrop Grumman by 245.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Northrop Grumman during the 1st quarter worth $47,000. Finally, Strategic Financial Concepts LLC bought a new stake in Northrop Grumman during the second quarter valued at about $47,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,389 shares of the business’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 completion of the sale, the vice president now directly owns 6,755 shares in the company, valued at approximately $3,225,917.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction on Friday, July 26th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction dated 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 owns 4,634 shares of the company’s stock, valued at $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 sold 2,879 shares of company stock valued at $1,410,703 over the last quarter. 0.22% of the stock is currently owned by insiders.

Northrop Grumman Price Performance

Shares of NYSE:NOC traded down $1.42 during trading on Monday, reaching $529.37. 155,887 shares of the company’s stock traded hands, compared to its average volume of 871,876. The firm has a market cap of $78.34 billion, a PE ratio of 37.12, a P/E/G ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. The company has a 50-day simple moving average of $521.74 and a 200-day simple moving average of $479.08.

Northrop Grumman (NYSE:NOC) last announced 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. The business had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $5.34 EPS. As a group, analysts predict that Northrop Grumman Co. will post 25.16 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.56%. Northrop Grumman’s dividend payout ratio (DPR) is currently 57.62%.

Analyst Ratings Changes

Several analysts have commented on NOC shares. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Citigroup lifted their price target on shares of Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. BTIG Research began coverage on Northrop Grumman in a research report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price objective for the company. Finally, Royal Bank of Canada boosted their target price on shares of Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $535.00.

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.