Opal Wealth Advisors LLC Has $312,000 Position in Northrop Grumman Co. (NYSE:NOC)

Opal Wealth Advisors LLC increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 44.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 591 shares of the aerospace company’s stock after buying an additional 183 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Northrop Grumman were worth $312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ascent Group LLC lifted its position in shares of Northrop Grumman by 0.5% in the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after acquiring an additional 20 shares during the period. Cornell Pochily Investment Advisors Inc. boosted its stake in Northrop Grumman by 0.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock worth $1,131,000 after buying an additional 20 shares in the last quarter. Asset Dedication LLC increased its holdings in Northrop Grumman by 1.0% in the 3rd quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after buying an additional 20 shares during the period. Salvus Wealth Management LLC increased its holdings in Northrop Grumman by 1.6% in the 3rd quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock valued at $698,000 after buying an additional 21 shares during the period. Finally, Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Northrop Grumman by 4.6% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock worth $218,000 after acquiring an additional 22 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the transaction, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,879 shares of company stock valued at $1,410,703. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Stock Down 1.4 %

Shares of NOC opened at $526.85 on Wednesday. The firm has a market capitalization of $77.97 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.44 and a beta of 0.34. 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 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The business’s fifty day moving average price is $519.44 and its two-hundred day moving average price is $477.71.

Northrop Grumman (NYSE:NOC) last posted 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. The business had revenue of $10.22 billion for the quarter, compared to analysts’ expectations of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $5.34 earnings per share. On average, analysts predict that Northrop Grumman Co. will post 25.16 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.56%. Northrop Grumman’s dividend payout ratio is currently 57.62%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOC. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. BTIG Research began coverage on Northrop Grumman in a research note on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price target on the stock. Royal Bank of Canada increased their price objective on Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and boosted their target price for the company from $474.00 to $575.00 in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $535.00.

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.