Resurgent Financial Advisors LLC Has $212,000 Position in Northrop Grumman Co. (NYSE:NOC)

Resurgent Financial Advisors LLC raised its stake in Northrop Grumman Co. (NYSE:NOC) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451 shares of the aerospace company’s stock after acquiring an additional 29 shares during the period. Resurgent Financial Advisors LLC’s holdings in Northrop Grumman were worth $212,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Northrop Grumman by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 12,677,781 shares of the aerospace company’s stock valued at $5,949,556,000 after purchasing an additional 56,807 shares in the last quarter. Wellington Management Group LLP increased its holdings in Northrop Grumman by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 4,164,700 shares of the aerospace company’s stock valued at $1,954,452,000 after buying an additional 23,808 shares during the period. Geode Capital Management LLC raised its position in shares of Northrop Grumman by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 3,025,263 shares of the aerospace company’s stock valued at $1,417,850,000 after buying an additional 21,903 shares in the last quarter. FMR LLC raised its position in shares of Northrop Grumman by 4.1% in the 4th quarter. FMR LLC now owns 2,807,223 shares of the aerospace company’s stock valued at $1,317,402,000 after buying an additional 109,308 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Northrop Grumman by 4.4% during the 4th quarter. Franklin Resources Inc. now owns 2,533,378 shares of the aerospace company’s stock worth $1,188,889,000 after acquiring an additional 107,108 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the transaction, the chief executive officer now directly owns 212,852 shares in the company, valued at approximately $101,243,053.80. This represents a 1.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Benjamin R. Davies sold 464 shares of Northrop Grumman stock in a transaction on Friday, February 28th. The shares were sold at an average price of $460.75, for a total transaction of $213,788.00. Following the completion of the sale, the vice president now owns 245 shares of the company’s stock, valued at $112,883.75. This represents a 65.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,505 shares of company stock worth $2,127,182. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Trading Up 1.7 %

Shares of NOC stock opened at $538.36 on Thursday. The stock has a 50-day moving average of $485.78 and a 200-day moving average of $492.08. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. The stock has a market cap of $77.60 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 3.73 and a beta of 0.20. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.27 by $0.12. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. On average, equities research analysts forecast that Northrop Grumman Co. will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a dividend of $2.06 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.53%. Northrop Grumman’s dividend payout ratio (DPR) is currently 29.08%.

Wall Street Analysts Forecast Growth

NOC has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Northrop Grumman from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $424.00 to $521.00 in a research report on Friday, April 11th. Argus raised Northrop Grumman to a “strong-buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada upgraded Northrop Grumman from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $500.00 to $575.00 in a research report on Thursday, March 27th. UBS Group decreased their target price on Northrop Grumman from $579.00 to $558.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Barclays dropped their target price on shares of Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $545.59.

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.