HHM Wealth Advisors LLC Has $54,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

HHM Wealth Advisors LLC increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 463.6% during the 2nd quarter, Holdings Channel reports. The fund owned 124 shares of the aerospace company’s stock after buying an additional 102 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Northrop Grumman were worth $54,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NOC. Gulf International Bank UK Ltd grew its holdings in shares of Northrop Grumman by 1,402.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock valued at $6,186,000 after buying an additional 12,065 shares during the period. Diversify Advisory Services LLC acquired a new position in Northrop Grumman in the first quarter valued at about $870,000. Norden Group LLC bought a new stake in shares of Northrop Grumman in the first quarter worth about $778,000. Fisher Asset Management LLC raised its position in shares of 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 purchasing an additional 122,026 shares during the period. Finally, Red Mountain Financial LLC bought a new position in shares of Northrop Grumman during the 4th quarter valued at about $264,000. Institutional investors own 83.40% of the company’s stock.

Insider Activity

In other news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The disclosure for this sale can be found here. Insiders sold a total of 2,846 shares of company stock valued at $1,393,028 in the last quarter. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NOC. Alembic Global Advisors cut Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a research note on Tuesday, August 27th. Jefferies Financial Group lowered their price objective on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a research report on Tuesday, June 18th. Royal Bank of Canada raised their price objective on shares of Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. BTIG Research started coverage on shares of Northrop Grumman in a report on Wednesday, June 26th. They set a “buy” rating and a $565.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and an average target price of $523.20.

Northrop Grumman Stock Down 0.8 %

Shares of NOC stock opened at $515.93 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. Northrop Grumman Co. has a 1 year low of $414.56 and a 1 year high of $528.76. The firm’s fifty day moving average price is $483.37 and its two-hundred day moving average price is $466.71. The firm has a market capitalization of $76.35 billion, a P/E ratio of 36.08, a PEG ratio of 2.36 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The firm had revenue of $10.22 billion for the quarter, compared to analyst estimates of $10.02 billion. During the same period in the previous year, the business earned $5.34 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Northrop Grumman Co. will post 25.14 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd will be given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 57.62%.

Northrop Grumman 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.