Northrop Grumman Corporation $NOC Holdings Increased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its stake in Northrop Grumman Corporation (NYSE:NOC) by 51.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,064 shares of the aerospace company’s stock after acquiring an additional 362 shares during the period. EverSource Wealth Advisors LLC’s holdings in Northrop Grumman were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NOC. Brighton Jones LLC increased its position in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after purchasing an additional 1,895 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in Northrop Grumman by 2.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company’s stock valued at $472,000 after buying an additional 22 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Northrop Grumman by 12.5% during the fourth quarter. NewEdge Advisors LLC now owns 10,291 shares of the aerospace company’s stock worth $4,829,000 after acquiring an additional 1,142 shares during the period. First Trust Advisors LP raised its position in Northrop Grumman by 337.1% in the fourth quarter. First Trust Advisors LP now owns 482,112 shares of the aerospace company’s stock worth $226,250,000 after acquiring an additional 371,814 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Northrop Grumman by 9.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 798,626 shares of the aerospace company’s stock valued at $374,777,000 after acquiring an additional 68,321 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial restated a “buy” rating and set a $625.00 price objective (up previously from $550.00) on shares of Northrop Grumman in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a report on Tuesday, July 8th. Robert W. Baird lifted their price target on shares of Northrop Grumman from $547.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Barclays increased their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $586.79.

Insider Activity at Northrop Grumman

In related news, VP Thomas H. Jones sold 729 shares of Northrop Grumman stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $368,706.33. Following the completion of the sale, the vice president owned 7,552 shares of the company’s stock, valued at approximately $3,819,575.04. This trade represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kathy J. Warden sold 7,500 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $3,793,275.00. Following the completion of the transaction, the chief executive officer directly owned 201,602 shares in the company, valued at approximately $101,964,243.54. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,536 shares of company stock worth $8,306,857. Corporate insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $584.02 on Monday. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $594.68. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The stock has a market cap of $83.62 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 5.59 and a beta of 0.15. The business has a fifty day simple moving average of $532.08 and a 200-day simple moving average of $501.05.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts’ consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $6.36 EPS. On average, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid a dividend of $2.31 per share. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.6%. Northrop Grumman’s dividend payout ratio (DPR) is 34.06%.

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.