Osborne Partners Capital Management LLC Acquires 29 Shares of Northrop Grumman Co. (NYSE:NOC)

Osborne Partners Capital Management LLC lifted its holdings in Northrop Grumman Co. (NYSE:NOC) by 5.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 552 shares of the aerospace company’s stock after purchasing an additional 29 shares during the period. Osborne Partners Capital Management LLC’s holdings in Northrop Grumman were worth $291,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Ascent Group LLC increased its stake in Northrop Grumman by 0.5% during the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after acquiring an additional 20 shares during the period. Cornell Pochily Investment Advisors Inc. boosted its holdings in Northrop Grumman by 0.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock valued at $1,131,000 after purchasing an additional 20 shares in the last quarter. Asset Dedication LLC boosted its holdings in Northrop Grumman by 1.0% during the third quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after purchasing an additional 20 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in Northrop Grumman by 1.4% during the third quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock valued at $780,000 after purchasing an additional 20 shares in the last quarter. Finally, Salvus Wealth Management LLC boosted its holdings in Northrop Grumman by 1.6% during the third quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock valued at $698,000 after purchasing an additional 21 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Insider Transactions at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the transaction, the vice president now directly owns 4,634 shares in the company, valued at $2,317,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 1,490 shares of company stock worth $747,372 in the last three months. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the topic of several recent analyst reports. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Barclays boosted their target price on Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and boosted their target price for the stock from $474.00 to $575.00 in a report on Monday, July 29th. Alembic Global Advisors downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price on the stock. in a report on Tuesday, August 27th. Finally, Wells Fargo & Company boosted their target price on Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Hold” and a consensus price target of $547.44.

Northrop Grumman Price Performance

NOC opened at $519.35 on Friday. The stock has a market cap of $75.95 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.38 and a beta of 0.34. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The company has a fifty day simple moving average of $523.54 and a 200 day simple moving average of $481.22.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.18 EPS. On average, research analysts expect that Northrop Grumman Co. will post 25.16 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.59%. Northrop Grumman’s dividend payout ratio is 53.79%.

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.