Accel Wealth Management Has $601,000 Position in Northrop Grumman Co. (NYSE:NOC)

Accel Wealth Management raised its holdings in Northrop Grumman Co. (NYSE:NOC) by 30.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,256 shares of the aerospace company’s stock after acquiring an additional 296 shares during the quarter. Accel Wealth Management’s holdings in Northrop Grumman were worth $601,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. London Co. of Virginia bought a new position in shares of Northrop Grumman in the third quarter valued at approximately $165,786,000. Gulf International Bank UK Ltd increased its position in Northrop Grumman by 1,402.9% during the first quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock worth $6,186,000 after acquiring an additional 12,065 shares during the period. Fisher Asset Management LLC increased its position in Northrop Grumman by 7,574.5% during the fourth quarter. Fisher Asset Management LLC now owns 123,637 shares of the aerospace company’s stock worth $57,879,000 after acquiring an additional 122,026 shares during the period. Raymond James Trust N.A. increased its position in Northrop Grumman by 19.7% during the fourth quarter. Raymond James Trust N.A. now owns 16,515 shares of the aerospace company’s stock worth $7,731,000 after acquiring an additional 2,723 shares during the period. Finally, Red Mountain Financial LLC bought a new stake in Northrop Grumman in the 4th quarter valued at $264,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 0.1 %

Shares of NOC stock traded down $0.28 on Thursday, reaching $437.09. The company had a trading volume of 303,984 shares, compared to its average volume of 961,376. The company has a 50-day moving average of $453.86 and a 200-day moving average of $458.59. Northrop Grumman Co. has a 12 month low of $414.56 and a 12 month high of $496.89. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The stock has a market cap of $64.68 billion, a PE ratio of 30.57, a PEG ratio of 2.04 and a beta of 0.33.

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

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 28th were paid a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.89%. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.87. The ex-dividend date was Friday, May 24th. Northrop Grumman’s dividend payout ratio is presently 57.62%.

Analysts Set New Price Targets

NOC has been the topic of several analyst reports. Robert W. Baird boosted their price target on shares of Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Sanford C. Bernstein lowered shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target on the stock. in a report on Friday, June 21st. Royal Bank of Canada boosted their price target on shares of Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. BTIG Research initiated coverage on shares of Northrop Grumman in a report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price target on the stock. Finally, Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price target on the stock in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $510.36.

About Northrop Grumman

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.