CreativeOne Wealth LLC Has $1.52 Million Holdings in Northrop Grumman Co. (NYSE:NOC)

CreativeOne Wealth LLC reduced its position in Northrop Grumman Co. (NYSE:NOC) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,884 shares of the aerospace company’s stock after selling 304 shares during the period. CreativeOne Wealth LLC’s holdings in Northrop Grumman were worth $1,523,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NOC. Fisher Asset Management LLC increased its holdings in shares of Northrop Grumman by 2.6% during the 3rd quarter. Fisher Asset Management LLC now owns 212,514 shares of the aerospace company’s stock valued at $112,222,000 after acquiring an additional 5,334 shares during the last quarter. AIA Group Ltd boosted its stake in Northrop Grumman by 20.0% during the 3rd quarter. AIA Group Ltd now owns 7,458 shares of the aerospace company’s stock valued at $3,938,000 after purchasing an additional 1,242 shares during the period. Aviso Wealth Management boosted its stake in Northrop Grumman by 110.7% during the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after purchasing an additional 996 shares during the period. Susquehanna International Securities Ltd. bought a new stake in Northrop Grumman during the 2nd quarter valued at approximately $1,133,000. Finally, GAMMA Investing LLC boosted its stake in Northrop Grumman by 133.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,248 shares of the aerospace company’s stock valued at $980,000 after purchasing an additional 1,287 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Stock Up 0.1 %

NYSE NOC opened at $489.08 on Friday. The stock has a fifty day moving average of $517.90 and a 200-day moving average of $487.15. The stock has a market capitalization of $71.26 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 0.99 and a beta of 0.35. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09.

Northrop Grumman (NYSE:NOC) last posted its quarterly 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. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.18 billion. During the same period last year, the company earned $6.18 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that Northrop Grumman Co. will post 25.93 EPS for the current year.

Northrop Grumman Announces Dividend

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 of this dividend is Monday, December 2nd. This represents a $8.24 annualized dividend and a dividend yield of 1.68%. Northrop Grumman’s dividend payout ratio is currently 51.05%.

Analyst Ratings Changes

Several brokerages recently weighed in on NOC. Barclays increased their target price 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. Susquehanna raised their price objective on Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price objective on Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. TD Cowen upgraded Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley raised their target price on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $550.56.

Insider Transactions at Northrop Grumman

In other news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $532.93, for a total value of $616,067.08. Following the transaction, the vice president now directly owns 537 shares in the company, valued at $286,183.41. This trade represents a 68.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 1,255 shares of company stock worth $667,727 in the last three months. Insiders own 0.22% of the company’s stock.

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.