Brophy Wealth Management LLC Invests $571,000 in Northrop Grumman Co. (NYSE:NOC)

Brophy Wealth Management LLC bought a new stake in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,081 shares of the aerospace company's stock, valued at approximately $571,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cooper Financial Group lifted its holdings in shares of Northrop Grumman by 60.2% in the 2nd quarter. Cooper Financial Group now owns 852 shares of the aerospace company's stock worth $371,000 after acquiring an additional 320 shares during the last quarter. Wedmont Private Capital lifted its stake in Northrop Grumman by 5.7% in the second quarter. Wedmont Private Capital now owns 1,014 shares of the aerospace company's stock worth $438,000 after purchasing an additional 55 shares during the last quarter. Diversified Trust Co boosted its position in shares of Northrop Grumman by 29.8% during the second quarter. Diversified Trust Co now owns 1,962 shares of the aerospace company's stock valued at $855,000 after buying an additional 451 shares during the period. Ferguson Wellman Capital Management Inc. grew its stake in shares of Northrop Grumman by 119.9% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 2,742 shares of the aerospace company's stock valued at $1,195,000 after buying an additional 1,495 shares during the last quarter. Finally, ORG Partners LLC raised its holdings in shares of Northrop Grumman by 641.3% in the second quarter. ORG Partners LLC now owns 2,135 shares of the aerospace company's stock worth $931,000 after buying an additional 1,847 shares during the period. Hedge funds and other institutional investors own 83.40% of the company's stock.

Northrop Grumman Price Performance

NOC traded down $0.24 during midday trading on Tuesday, hitting $478.93. 248,010 shares of the company traded hands, compared to its average volume of 857,353. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. The business has a 50 day simple moving average of $511.56 and a two-hundred day simple moving average of $487.91. The company has a market capitalization of $69.78 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 0.96 and a beta of 0.33.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, topping the consensus estimate 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 return on equity of 26.57% and a net margin of 5.79%. Northrop Grumman's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.18 EPS. On average, equities analysts forecast that Northrop Grumman Co. will post 25.93 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd will be given a $2.06 dividend. The ex-dividend date is Monday, December 2nd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.72%. Northrop Grumman's dividend payout ratio (DPR) is presently 51.05%.

Insider Activity at Northrop Grumman

In other news, VP Benjamin R. Davies sold 1,156 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $532.93, for a total value of $616,067.08. Following the completion of the sale, the vice president now owns 537 shares of the company's stock, valued at $286,183.41. This represents a 68.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 1,255 shares of company stock valued at $666,461. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NOC. Wells Fargo & Company boosted their target price on shares of Northrop Grumman from $509.00 to $565.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Citigroup increased their price target on Northrop Grumman from $521.00 to $587.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Susquehanna boosted their price objective on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a "positive" rating in a report on Friday, October 25th. Royal Bank of Canada lifted their price target on Northrop Grumman from $500.00 to $540.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Finally, Barclays increased their price target on shares of Northrop Grumman from $500.00 to $550.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $550.56.

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.