Demars Financial Group LLC Grows Position in Northrop Grumman Co. (NYSE:NOC)

Demars Financial Group LLC increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 54.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,492 shares of the aerospace company’s stock after buying an additional 880 shares during the quarter. Demars Financial Group LLC’s holdings in Northrop Grumman were worth $766,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NOC. Bay Harbor Wealth Management LLC purchased a new position in shares of Northrop Grumman in the 1st quarter valued at approximately $25,000. Campbell Wealth Management purchased a new position in shares of Northrop Grumman in the 2nd quarter valued at approximately $25,000. Hoover Financial Advisors Inc. purchased a new position in shares of Northrop Grumman in the 2nd quarter valued at approximately $46,000. Bellevue Asset Management LLC grew its stake in shares of Northrop Grumman by 220.0% in the 1st quarter. Bellevue Asset Management LLC now owns 160 shares of the aerospace company’s stock valued at $55,000 after purchasing an additional 110 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Northrop Grumman by 112.6% in the 1st quarter. Flagship Harbor Advisors LLC now owns 185 shares of the aerospace company’s stock valued at $56,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

In related news, VP David T. Perry sold 5,091 shares of Northrop Grumman stock in a transaction on Friday, August 7th. The stock was 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 directly owns 9,508 shares of the company’s stock, valued at $3,107,499.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

NOC has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $375.00 target price on shares of Northrop Grumman in a research note on Thursday, June 25th. Royal Bank of Canada lifted their target price on Northrop Grumman from $366.00 to $391.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. UBS Group reduced their price target on Northrop Grumman from $410.00 to $373.00 and set a “neutral” rating for the company in a report on Thursday, June 11th. Zacks Investment Research raised Northrop Grumman from a “sell” rating to a “hold” rating and set a $320.00 price target for the company in a report on Thursday, June 25th. Finally, Morgan Stanley initiated coverage on Northrop Grumman in a report on Tuesday, September 8th. They issued an “overweight” rating and a $470.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Northrop Grumman presently has an average rating of “Hold” and an average target price of $390.80.

NOC stock traded up $5.45 during midday trading on Wednesday, hitting $343.47. 749,998 shares of the stock were exchanged, compared to its average volume of 1,012,463. The stock’s 50-day moving average price is $336.21 and its 200-day moving average price is $324.36. The stock has a market cap of $57.26 billion, a price-to-earnings ratio of 24.15 and a beta of 0.77. Northrop Grumman Co. has a fifty-two week low of $263.31 and a fifty-two week high of $385.01. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.27 and a current ratio of 1.35.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, July 30th. The aerospace company reported $6.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.32 by $0.69. The firm had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.66 billion. Northrop Grumman had a return on equity of 40.24% and a net margin of 6.91%. Northrop Grumman’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $5.06 earnings per share. Research analysts anticipate that Northrop Grumman Co. will post 22.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors 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 dividend payout ratio is presently 27.35%.

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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