We Are One Seven LLC Makes New $322,000 Investment in Northrop Grumman Co. (NYSE:NOC)

We Are One Seven LLC acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 858 shares of the aerospace company’s stock, valued at approximately $322,000.

Other hedge funds have also bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in Northrop Grumman during the 2nd quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC acquired a new position in Northrop Grumman during the 2nd quarter valued at approximately $27,000. Meridian Wealth Management LLC acquired a new position in Northrop Grumman during the 1st quarter valued at approximately $29,000. Virtus ETF Advisers LLC acquired a new position in Northrop Grumman during the 2nd quarter valued at approximately $30,000. Finally, Kavar Capital Partners LLC acquired a new position in Northrop Grumman during the 2nd quarter valued at approximately $36,000. Institutional investors own 83.09% of the company’s stock.

A number of research analysts recently issued reports on NOC shares. Sanford C. Bernstein boosted their price objective on Northrop Grumman from $344.00 to $368.00 in a research report on Thursday, July 25th. Robert W. Baird boosted their price target on Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. ValuEngine lowered Northrop Grumman from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Northrop Grumman from a “hold” rating to a “buy” rating and set a $377.00 price target for the company in a research report on Tuesday, September 10th. Finally, Morgan Stanley boosted their price target on Northrop Grumman from $418.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $353.87.

In related news, CEO Kathy J. Warden sold 6,837 shares of the company’s stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher T. Jones sold 5,000 shares of the company’s stock in a transaction 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 in the company, valued at $23,812,776.18. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

NOC opened at $362.22 on Friday. Northrop Grumman Co. has a one year low of $223.63 and a one year high of $383.89. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.15 and a current ratio of 1.25. The stock’s fifty day moving average is $367.89 and its 200-day moving average is $326.44. The company has a market capitalization of $62.20 billion, a PE ratio of 17.03, a P/E/G ratio of 1.51 and a beta of 0.80.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 EPS for the quarter, topping the Zacks’ consensus estimate of $4.64 by $0.42. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter in the previous year, the business earned $4.50 EPS. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. On average, equities research analysts forecast that Northrop Grumman Co. will post 19.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, September 9th were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, September 6th. Northrop Grumman’s dividend payout ratio (DPR) is presently 24.75%.

Northrop Grumman Profile

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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