Northrop Grumman Co. (NYSE:NOC) Position Boosted by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,059 shares of the aerospace company’s stock after purchasing an additional 129 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Northrop Grumman were worth $1,615,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Optimum Investment Advisors increased its stake in shares of 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 period. Bank & Trust Co acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $28,000. Meeder Asset Management Inc. increased its stake in shares of Northrop Grumman by 245.5% in the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 54 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $47,000. Finally, Larson Financial Group LLC increased its stake in shares of Northrop Grumman by 281.5% in the first 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 during the period. Institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on NOC shares. Barclays raised their price target on shares of Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research note on Tuesday, August 27th. JPMorgan Chase & Co. raised their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. 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 price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $547.44.

Insider Activity

In other news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 1,490 shares of company stock worth $747,372. 0.22% of the stock is owned by corporate insiders.

Northrop Grumman Trading Down 1.0 %

Northrop Grumman stock traded down $5.43 during midday trading on Monday, reaching $513.92. The stock had a trading volume of 57,578 shares, compared to its average volume of 869,628. The firm’s fifty day simple moving average is $523.54 and its two-hundred day simple moving average is $481.38. The firm has a market cap of $76.06 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 2.38 and a beta of 0.34. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. The company 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% on a year-over-year basis. During the same quarter last year, the business posted $6.18 EPS. Equities analysts anticipate that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued 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 1.60%. Northrop Grumman’s dividend payout ratio is currently 57.62%.

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.