RMR Wealth Builders Acquires Shares of 290 Northrop Grumman Co. (NYSE:NOC)

RMR Wealth Builders bought a new stake in Northrop Grumman Co. (NYSE:NOC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 290 shares of the aerospace company’s stock, valued at approximately $89,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NOC. Kingsview Wealth Management LLC grew its holdings in shares of Northrop Grumman by 3.5% in the 1st quarter. Kingsview Wealth Management LLC now owns 959 shares of the aerospace company’s stock valued at $290,000 after buying an additional 32 shares during the period. AIA Investment Management Private Ltd raised its holdings in shares of Northrop Grumman by 6.4% in the 1st quarter. AIA Investment Management Private Ltd now owns 562 shares of the aerospace company’s stock valued at $170,000 after purchasing an additional 34 shares during the period. Profund Advisors LLC grew its holdings in Northrop Grumman by 1.4% in the 2nd quarter. Profund Advisors LLC now owns 2,406 shares of the aerospace company’s stock valued at $740,000 after buying an additional 34 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Northrop Grumman by 1.1% during the first quarter. Nations Financial Group Inc. IA ADV now owns 3,395 shares of the aerospace company’s stock worth $1,027,000 after buying an additional 36 shares in the last quarter. Finally, Cambridge Trust Co. lifted its holdings in shares of Northrop Grumman by 3.7% during the second quarter. Cambridge Trust Co. now owns 997 shares of the aerospace company’s stock worth $324,000 after buying an additional 36 shares in the last quarter. 82.67% of the stock is owned by institutional investors.

In other Northrop Grumman news, VP David T. Perry sold 5,091 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $326.83, for a total transaction of $1,663,891.53. Following the completion of the transaction, the vice president now owns 9,508 shares in the company, valued at approximately $3,107,499.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.

NYSE:NOC traded up $5.07 during mid-day trading on Wednesday, hitting $343.09. 9,313 shares of the company’s stock were exchanged, compared to its average volume of 1,013,938. The company has a 50 day simple moving average of $335.61 and a 200-day simple moving average of $324.34. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 1.47. Northrop Grumman Co. has a fifty-two week low of $263.31 and a fifty-two week high of $385.01. The firm has a market capitalization of $56.35 billion, a P/E ratio of 23.97 and a beta of 0.77.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, July 30th. The aerospace company reported $6.01 EPS for the quarter, topping the consensus estimate of $5.32 by $0.69. Northrop Grumman had a net margin of 6.91% and a return on equity of 40.24%. The business had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same period last year, the company earned $5.06 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts expect that Northrop Grumman Co. will post 22.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.80 annualized dividend and a yield of 1.69%. Northrop Grumman’s payout ratio is 27.35%.

A number of research firms have recently weighed in on NOC. Zacks Investment Research raised Northrop Grumman from a “sell” rating to a “hold” rating and set a $320.00 target price for the company in a report on Thursday, June 25th. Jefferies Financial Group reissued a “buy” rating and issued a $375.00 target price on shares of Northrop Grumman in a report on Thursday, June 25th. Seaport Global Securities initiated coverage on shares of Northrop Grumman in a research note on Tuesday, May 19th. They issued a “buy” rating and a $398.00 price objective on the stock. Sanford C. Bernstein upped their target price on Northrop Grumman from $405.00 to $419.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Morgan Stanley assumed coverage on Northrop Grumman in a research note on Tuesday, September 8th. They set an “overweight” rating and a $470.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Northrop Grumman has a consensus rating of “Hold” and a consensus target price of $390.80.

Northrop Grumman Company 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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