Northrop Grumman Co. (NYSE:NOC) Shares Acquired by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lifted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,150 shares of the aerospace company’s stock after purchasing an additional 147 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Northrop Grumman were worth $551,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. raised its position in Northrop Grumman by 960.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Headlands Technologies LLC purchased a new position in Northrop Grumman in the fourth quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new position in Northrop Grumman in the fourth quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Northrop Grumman in the third quarter valued at about $29,000. Finally, McIlrath & Eck LLC raised its position in Northrop Grumman by 247.6% in the fourth quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Kathryn G. Simpson sold 1,273 shares of Northrop Grumman stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $573,321.01. Following the completion of the transaction, the vice president now directly owns 2,735 shares in the company, valued at $1,231,761.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Northrop Grumman news, CAO Michael A. Hardesty sold 210 shares of Northrop Grumman stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total value of $95,482.80. Following the completion of the transaction, the chief accounting officer now directly owns 3,127 shares in the company, valued at $1,421,784.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kathryn G. Simpson sold 1,273 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $573,321.01. Following the transaction, the vice president now owns 2,735 shares of the company’s stock, valued at $1,231,761.95. The disclosure for this sale can be found here. Insiders sold a total of 3,149 shares of company stock worth $1,421,147 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the topic of several research reports. Robert W. Baird raised their price objective on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research report on Friday. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada lifted their target price on Northrop Grumman from $450.00 to $475.00 and gave the stock a “sector perform” rating in a research report on Friday. TheStreet lowered Northrop Grumman from a “b+” rating to a “c+” rating in a research report on Thursday, January 25th. Finally, Susquehanna lifted their target price on Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Northrop Grumman has an average rating of “Hold” and an average target price of $503.00.

Northrop Grumman Stock Down 1.6 %

NYSE:NOC traded down $7.61 during mid-day trading on Friday, reaching $480.45. The stock had a trading volume of 1,371,947 shares, compared to its average volume of 1,120,454. The company has a market capitalization of $71.20 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 1.93 and a beta of 0.35. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $496.89. The stock’s 50 day simple moving average is $462.59 and its two-hundred day simple moving average is $465.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.13 and a quick ratio of 1.05.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, topping analysts’ consensus estimates of $5.83 by $0.49. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $9.77 billion. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $5.50 earnings per share. Equities analysts anticipate that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 26th were paid a $1.87 dividend. The ex-dividend date was Friday, February 23rd. This represents a $7.48 dividend on an annualized basis and a yield of 1.56%. Northrop Grumman’s payout ratio is currently 52.31%.

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.