Signature Estate & Investment Advisors LLC Makes New Investment in Northrop Grumman Co. (NYSE:NOC) (2024)

Signature Estate & Investment Advisors LLC acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,859 shares of the aerospace company's stock, valued at approximately $1,682,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NOC. Headlands Technologies LLC purchased a new position in Northrop Grumman during the fourth quarter valued at approximately $25,000. SRS Capital Advisors Inc. boosted its position in Northrop Grumman by 960.0% during 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 in the last quarter. Optimum Investment Advisors grew its stake in Northrop Grumman by 241.2% in the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 41 shares during the last quarter. Bank & Trust Co purchased a new position in Northrop Grumman in the second quarter valued at about $28,000. Finally, Frazier Financial Advisors LLC bought a new position in Northrop Grumman in the fourth quarter worth about $29,000. 83.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein downgraded shares of Northrop Grumman from an "outperform" rating to a "market perform" rating and set a $477.00 price objective on the stock. in a research report on Friday, June 21st. StockNews.com upgraded Northrop Grumman from a "hold" rating to a "buy" rating in a report on Friday, July 12th. UBS Group boosted their target price on Northrop Grumman from $593.00 to $605.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a "hold" rating to a "buy" rating and increased their price target for the company from $474.00 to $575.00 in a research note on Monday, July 29th. Finally, BTIG Research started coverage on shares of Northrop Grumman in a report on Wednesday, June 26th. They set a "buy" rating and a $565.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Northrop Grumman presently has an average rating of "Hold" and an average price target of $523.20.

Read Our Latest Stock Analysis on NOC

Northrop Grumman Stock Performance

Shares of NOC traded up $0.44 during mid-day trading on Tuesday, reaching $512.44. The company had a trading volume of 430,722 shares, compared to its average volume of 939,963. The stock has a market capitalization of $75.84 billion, a P/E ratio of 35.83, a PEG ratio of 2.26 and a beta of 0.32. Northrop Grumman Co. has a 52-week low of $414.56 and a 52-week high of $513.91. The stock has a 50 day moving average of $462.49 and a two-hundred day moving average of $461.19. 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 (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping the consensus estimate of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The business had revenue of $10.22 billion for the quarter, compared to analyst estimates of $10.02 billion. During the same quarter in the prior year, the firm posted $5.34 EPS. The business's quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts expect that Northrop Grumman Co. will post 25.18 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd will be paid a $2.06 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.61%. Northrop Grumman's dividend payout ratio is currently 57.62%.

Insider Buying and Selling

In related news, VP Thomas H. Jones sold 1,390 shares of the company's 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 owns 4,634 shares in the company, valued at approximately $2,317,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares of the company's stock, valued at $3,225,917.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now directly owns 4,634 shares of the company's stock, valued at $2,317,000. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Northrop Grumman Profile

(Free Report)

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.

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