M Holdings Securities Inc. Invests $546,000 in Northrop Grumman Co. (NYSE:NOC)

M Holdings Securities Inc. bought a new position in Northrop Grumman Co. (NYSE:NOCGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,220 shares of the aerospace company’s stock, valued at approximately $546,000.

Other hedge funds also recently made changes to their positions in the company. HYA Advisors Inc acquired a new stake in shares of Northrop Grumman in the 1st quarter worth $214,000. Koshinski Asset Management Inc. increased its holdings in shares of Northrop Grumman by 8.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 843 shares of the aerospace company’s stock valued at $377,000 after purchasing an additional 64 shares in the last quarter. Veracity Capital LLC purchased a new position in shares of Northrop Grumman in the 1st quarter valued at about $392,000. Stephens Inc. AR increased its holdings in shares of Northrop Grumman by 1.0% in the 1st quarter. Stephens Inc. AR now owns 10,252 shares of the aerospace company’s stock valued at $4,585,000 after purchasing an additional 103 shares in the last quarter. Finally, Alpha Cubed Investments LLC purchased a new position in shares of Northrop Grumman in the 1st quarter valued at about $285,000. Institutional investors and hedge funds own 83.91% of the company’s stock.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $485.20 on Friday. Northrop Grumman Co. has a 12-month low of $344.89 and a 12-month high of $497.20. The stock has a market capitalization of $75.07 billion, a P/E ratio of 13.50, a P/E/G ratio of 8.94 and a beta of 0.61. The firm’s 50-day moving average is $474.99 and its two-hundred day moving average is $463.42. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 1.20.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Monday, August 29th were paid a dividend of $1.73 per share. The ex-dividend date of this dividend was Friday, August 26th. This represents a $6.92 annualized dividend and a dividend yield of 1.43%. Northrop Grumman’s dividend payout ratio is currently 19.26%.

Insiders Place Their Bets

In other Northrop Grumman news, VP Thomas L. Wilson, Jr. sold 582 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $482.00, for a total transaction of $280,524.00. Following the sale, the vice president now directly owns 2,094 shares of the company’s stock, valued at approximately $1,009,308. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Kathy J. Warden sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $481.87, for a total value of $4,818,700.00. Following the sale, the chief executive officer now directly owns 134,583 shares of the company’s stock, valued at $64,851,510.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas L. Wilson, Jr. sold 582 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $482.00, for a total transaction of $280,524.00. Following the completion of the sale, the vice president now directly owns 2,094 shares in the company, valued at $1,009,308. The disclosure for this sale can be found here. Insiders have sold 14,607 shares of company stock valued at $7,007,034 in the last ninety days. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NOC. Robert W. Baird upgraded shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and increased their price target for the company from $488.00 to $529.00 in a report on Friday, July 29th. Morgan Stanley increased their price target on shares of Northrop Grumman from $521.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday, July 12th. Susquehanna increased their price target on shares of Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a report on Wednesday, August 31st. Royal Bank of Canada assumed coverage on shares of Northrop Grumman in a report on Monday, August 29th. They set a “sector perform” rating and a $550.00 target price for the company. Finally, StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Saturday. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $487.75.

Northrop Grumman Company Profile

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Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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