FSM Wealth Advisors LLC Grows Holdings in Northrop Grumman Co. (NYSE:NOC)

FSM Wealth Advisors LLC lifted its stake in Northrop Grumman Co. (NYSE:NOC) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 819 shares of the aerospace company’s stock after purchasing an additional 36 shares during the period. FSM Wealth Advisors LLC’s holdings in Northrop Grumman were worth $433,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NOC. Optimum Investment Advisors raised its stake in shares of Northrop Grumman by 241.2% during the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 41 shares in the last quarter. Bank & Trust Co purchased a new position in shares of Northrop Grumman during the second quarter valued at $28,000. Meeder Asset Management Inc. grew its holdings in Northrop Grumman by 245.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Northrop Grumman during the 3rd quarter valued at about $40,000. Finally, Larson Financial Group LLC raised its holdings in shares of Northrop Grumman by 281.5% in the 1st quarter. Larson Financial Group LLC now owns 103 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup upped their target price on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and raised their price target for the company from $474.00 to $575.00 in a report on Monday, July 29th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Finally, UBS Group raised their target price on shares of Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $550.56.

Northrop Grumman Stock Up 0.1 %

NOC stock opened at $507.44 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The stock has a market cap of $73.93 billion, a P/E ratio of 31.44, a PEG ratio of 1.02 and a beta of 0.35. The company’s 50 day moving average is $523.43 and its two-hundred day moving average is $483.68.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the previous year, the company posted $6.18 EPS. Northrop Grumman’s revenue was up 2.3% compared to the same quarter last year. Research analysts expect that Northrop Grumman Co. will post 25.95 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.62%. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

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.