Total Wealth Planning LLC Has $454,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Total Wealth Planning LLC reduced its position in Northrop Grumman Co. (NYSE:NOC) by 23.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 887 shares of the aerospace company’s stock after selling 267 shares during the period. Total Wealth Planning LLC’s holdings in Northrop Grumman were worth $454,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC bought a new stake in shares of Northrop Grumman during the 4th quarter worth about $31,000. Wood Tarver Financial Group LLC acquired a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $32,000. Bellwether Advisors LLC acquired a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $33,000. Stonebridge Financial Group LLC acquired a new position in Northrop Grumman in the 4th quarter valued at $42,000. Finally, Rakuten Securities Inc. grew its holdings in Northrop Grumman by 291.7% in the 4th quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company’s stock valued at $44,000 after buying an additional 70 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

Shares of NOC stock opened at $488.40 on Thursday. The business has a fifty day simple moving average of $490.15 and a 200 day simple moving average of $482.34. The company has a market cap of $70.29 billion, a P/E ratio of 17.23, a P/E/G ratio of 3.73 and a beta of 0.14. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.27). Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $10.07 billion. On average, sell-side analysts forecast that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.06. Northrop Grumman’s payout ratio is presently 36.46%.

Insider Transactions at Northrop Grumman

In other news, VP Roshan S. Roeder sold 991 shares of Northrop Grumman stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $490.00, for a total transaction of $485,590.00. Following the sale, the vice president now directly owns 319 shares of the company’s stock, valued at approximately $156,310. This trade represents a 75.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 1,090 shares of company stock worth $533,853. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NOC shares. Wall Street Zen cut shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Morgan Stanley lifted their price objective on shares of Northrop Grumman from $580.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 16th. Royal Bank of Canada cut their price objective on shares of Northrop Grumman from $575.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 target price on shares of Northrop Grumman and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group raised shares of Northrop Grumman from a “sell” rating to a “neutral” rating and raised their target price for the stock from $424.00 to $521.00 in a report on Friday, April 11th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $545.31.

About Northrop Grumman

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.