FSM Wealth Advisors LLC Buys 36 Shares of Northrop Grumman Co. (NYSE:NOC)

FSM Wealth Advisors LLC increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 819 shares of the aerospace company’s stock after acquiring an additional 36 shares during the period. FSM Wealth Advisors LLC’s holdings in Northrop Grumman were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NOC. Capital International Investors grew its stake in shares of Northrop Grumman by 5.6% during the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after buying an additional 621,636 shares during the last quarter. Van ECK Associates Corp lifted its stake in Northrop Grumman by 1,915.9% in the second quarter. Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock valued at $191,173,000 after buying an additional 416,768 shares during the period. JPMorgan Chase & Co. grew its holdings in Northrop Grumman by 4.8% in the first quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after purchasing an additional 211,459 shares during the period. Manning & Napier Advisors LLC acquired a new position in Northrop Grumman during the 2nd quarter worth approximately $90,177,000. Finally, Marshall Wace LLP bought a new position in shares of Northrop Grumman in the 2nd quarter worth $74,206,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $507.44 on Tuesday. The company has a market cap of $73.93 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 1.02 and a beta of 0.35. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The business’s fifty day simple moving average is $523.43 and its two-hundred day simple moving average is $483.68.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.07 by $0.93. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $6.18 earnings per share. Research analysts anticipate that Northrop Grumman Co. will post 25.95 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is presently 51.05%.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of analyst reports. Barclays lifted their price target on Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. TD Cowen upgraded Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Finally, Susquehanna upped their price target 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $550.56.

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.