Integrated Wealth Concepts LLC Increases Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Integrated Wealth Concepts LLC lifted its stake in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 42.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,715 shares of the aerospace company's stock after buying an additional 1,115 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Northrop Grumman were worth $1,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of NOC. Optimum Investment Advisors increased 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 in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Northrop Grumman in the 3rd quarter valued at about $31,000. FSA Wealth Management LLC acquired a new position in Northrop Grumman during the 3rd quarter worth approximately $36,000. Meeder Asset Management Inc. boosted its holdings in Northrop Grumman by 245.5% in the second 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. Finally, Catalyst Capital Advisors LLC acquired a new stake in Northrop Grumman in the third quarter valued at approximately $40,000. Institutional investors own 83.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NOC shares. Citigroup upped their target price on Northrop Grumman from $521.00 to $587.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. 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. UBS Group boosted their target price on shares of Northrop Grumman from $614.00 to $643.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Morgan Stanley raised their price target on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an "overweight" rating in a research report on Friday, August 9th. Finally, StockNews.com upgraded Northrop Grumman from a "buy" rating to a "strong-buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $550.56.

Insider Activity

In related news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman 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 transaction, the vice president now directly owns 537 shares in the company, valued at approximately $286,183.41. The trade was a 68.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 1,255 shares of company stock valued at $666,461 in the last 90 days. Insiders own 0.22% of the company's stock.

Northrop Grumman Stock Performance

Shares of NYSE NOC traded down $5.92 during mid-day trading on Friday, reaching $473.65. 915,772 shares of the company's stock were exchanged, compared to its average volume of 730,586. The firm has a market capitalization of $69.01 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 0.98 and a beta of 0.33. The firm has a 50-day moving average price of $513.61 and a two-hundred day moving average price of $487.60. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, beating analysts' consensus estimates of $6.07 by $0.93. The firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $6.18 earnings per share. Analysts predict that Northrop Grumman Co. will post 25.93 EPS for the current year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be paid a $2.06 dividend. The ex-dividend date is Monday, December 2nd. This represents a $8.24 annualized dividend and a dividend yield of 1.74%. Northrop Grumman's payout ratio is presently 51.05%.

Northrop Grumman Company Profile

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.