Bogart Wealth LLC Increases Stock Holdings in Northrop Grumman Corporation $NOC

Bogart Wealth LLC increased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 154.8% during the 2nd quarter, HoldingsChannel.com reports. 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.

Several other large investors also recently bought and sold shares of NOC. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman during the 1st quarter valued at $27,000. Saudi Central Bank purchased a new position in Northrop Grumman in the 1st quarter valued at about $28,000. Banque Cantonale Vaudoise acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $30,000. Flaharty Asset Management LLC purchased a new stake in shares of Northrop Grumman during the first quarter worth about $36,000. Finally, Hollencrest Capital Management lifted its stake in shares of Northrop Grumman by 790.0% in the first quarter. Hollencrest Capital Management now owns 89 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays raised their price objective on Northrop Grumman from $500.00 to $580.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Wells Fargo & Company reissued an “overweight” rating on shares of Northrop Grumman in a research report on Tuesday, July 22nd. Susquehanna upped their price target on shares of Northrop Grumman from $557.00 to $650.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Bank of America increased their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein boosted their target price on shares of Northrop Grumman from $630.00 to $674.00 and gave the stock a “market perform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $617.50.

Northrop Grumman Stock Performance

Shares of NOC opened at $601.92 on Tuesday. The stock has a market capitalization of $86.18 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 5.78 and a beta of 0.10. The business’s fifty day moving average price is $592.91 and its 200 day moving average price is $538.16. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90.

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

Northrop Grumman Dividend Announcement

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

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.