Private Wealth Advisors Inc. Takes Position in Northrop Grumman Co. (NYSE:NOC)

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Private Wealth Advisors Inc. acquired a new stake in Northrop Grumman Co. (NYSE:NOC) in the second quarter, HoldingsChannel.com reports. The firm acquired 731 shares of the aerospace company’s stock, valued at approximately $236,000.

Several other large investors have also made changes to their positions in NOC. Granite Investment Partners LLC acquired a new position in Northrop Grumman in the second quarter valued at $202,000. Congress Asset Management Co. MA boosted its holdings in Northrop Grumman by 3.1% in the second quarter. Congress Asset Management Co. MA now owns 173,193 shares of the aerospace company’s stock valued at $55,960,000 after acquiring an additional 5,271 shares during the last quarter. PCJ Investment Counsel Ltd. acquired a new position in Northrop Grumman in the second quarter valued at $1,939,000. Sound View Wealth Advisors Group LLC acquired a new position in Northrop Grumman in the second quarter valued at $589,000. Finally, Palladium Partners LLC boosted its holdings in Northrop Grumman by 0.5% in the second quarter. Palladium Partners LLC now owns 5,804 shares of the aerospace company’s stock valued at $1,875,000 after acquiring an additional 30 shares during the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the company. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating in a report on Tuesday, April 30th. Credit Suisse Group boosted their price objective on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Bank of America restated a “buy” rating and set a $405.00 price objective (up previously from $355.00) on shares of Northrop Grumman in a research note on Thursday, July 25th. Morgan Stanley upgraded Northrop Grumman from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $335.00 to $418.00 in a research note on Tuesday, August 6th. Finally, Sanford C. Bernstein boosted their price objective on Northrop Grumman from $344.00 to $368.00 in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $345.93.

In other news, CEO Kathy J. Warden sold 6,837 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $353.46, for a total transaction of $2,416,606.02. Following the completion of the transaction, the chief executive officer now directly owns 99,002 shares of the company’s stock, valued at $34,993,246.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher T. Jones sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $353.19, for a total value of $1,765,950.00. Following the transaction, the vice president now directly owns 67,422 shares of the company’s stock, valued at $23,812,776.18. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

Northrop Grumman stock traded down $2.56 during midday trading on Tuesday, hitting $364.09. The stock had a trading volume of 16,816 shares, compared to its average volume of 843,387. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of 1.62. The stock has a market cap of $61.70 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.48 and a beta of 0.81. Northrop Grumman Co. has a 12 month low of $223.63 and a 12 month high of $377.34. The business has a fifty day moving average price of $348.29 and a 200 day moving average price of $306.77.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.64 by $0.42. The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.41 billion. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. Northrop Grumman’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.50 earnings per share. On average, equities analysts anticipate that Northrop Grumman Co. will post 19.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Monday, September 9th will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, September 6th. Northrop Grumman’s dividend payout ratio is currently 24.75%.

About Northrop Grumman

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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

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