Bogart Wealth LLC Raises Holdings in Northrop Grumman Corporation $NOC

Bogart Wealth LLC increased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 154.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316 shares of the aerospace company’s stock after purchasing an additional 192 shares during the period. Bogart Wealth LLC’s holdings in Northrop Grumman were worth $158,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NOC. Capital Investment Advisors LLC raised its holdings in shares of Northrop Grumman by 1.0% in the second quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock worth $1,025,000 after acquiring an additional 20 shares during the last quarter. Tyche Wealth Partners LLC increased its position in Northrop Grumman by 2.5% during the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 20 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in Northrop Grumman by 0.3% in the 2nd quarter. Princeton Global Asset Management LLC now owns 5,907 shares of the aerospace company’s stock valued at $2,953,000 after purchasing an additional 20 shares during the last quarter. Integrated Investment Consultants LLC lifted its holdings in Northrop Grumman by 3.9% in the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock valued at $283,000 after purchasing an additional 21 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its stake in shares of Northrop Grumman by 3.6% during the 2nd quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Up 1.2%

Shares of NOC opened at $601.92 on Tuesday. Northrop Grumman Corporation has a twelve month low of $426.24 and a twelve month high of $640.90. The firm has a market capitalization of $86.18 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 5.78 and a beta of 0.10. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock’s fifty day simple moving average is $592.91 and its 200 day simple moving average is $538.16.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.36 earnings per share. On average, equities research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, September 2nd were given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Northrop Grumman’s dividend payout ratio is 34.06%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NOC. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research note on Tuesday, July 22nd. Royal Bank Of Canada increased their price target on Northrop Grumman from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein lifted their price objective on Northrop Grumman from $630.00 to $674.00 and gave the company a “market perform” rating in a research report on Monday. Susquehanna upped their target price on Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Finally, Truist Financial raised their price target on Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $617.50.

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.