McIlrath & Eck LLC Has $34,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

McIlrath & Eck LLC boosted its stake in Northrop Grumman Co. (NYSE:NOC) by 247.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 73 shares of the aerospace company’s stock after buying an additional 52 shares during the period. McIlrath & Eck LLC’s holdings in Northrop Grumman were worth $34,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Northrop Grumman in the third quarter valued at approximately $29,000. Providence Capital Advisors LLC grew its position in Northrop Grumman by 400.0% during the third quarter. Providence Capital Advisors LLC now owns 100 shares of the aerospace company’s stock worth $44,000 after buying an additional 80 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in Northrop Grumman during the 3rd quarter worth $70,000. Finally, Rational Advisors LLC acquired a new position in Northrop Grumman in the 3rd quarter valued at $72,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Down 1.2 %

Shares of NYSE:NOC traded down $5.66 during mid-day trading on Thursday, reaching $480.71. 93,028 shares of the company’s stock were exchanged, compared to its average volume of 993,581. The firm has a market capitalization of $71.14 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.99 and a beta of 0.34. Northrop Grumman Co. has a twelve month low of $414.56 and a twelve month high of $496.89. The business’s fifty day moving average price is $464.44 and its 200-day moving average price is $465.89. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.13.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, beating analysts’ consensus estimates of $5.83 by $0.49. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the company posted $5.50 EPS. The business’s revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Northrop Grumman Co. will post 24.7 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 26th were issued a dividend of $1.87 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.48 annualized dividend and a yield of 1.56%. Northrop Grumman’s payout ratio is 52.31%.

Analyst Ratings Changes

NOC has been the subject of a number of analyst reports. TheStreet downgraded Northrop Grumman from a “b+” rating to a “c+” rating in a research note on Thursday, January 25th. Royal Bank of Canada boosted their price target on Northrop Grumman from $450.00 to $475.00 and gave the stock a “sector perform” rating in a report on Friday, April 26th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price for the company in a research note on Monday, April 22nd. Susquehanna raised their price target on shares of Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a research note on Friday, April 26th. Finally, StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $509.38.

Insider Transactions at Northrop Grumman

In other news, VP Kathryn G. Simpson sold 1,273 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the completion of the sale, the vice president now directly owns 2,735 shares in the company, valued at $1,231,761.95. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Northrop Grumman news, CAO Michael A. Hardesty sold 955 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $430,103.35. Following the completion of the sale, the chief accounting officer now owns 4,137 shares of the company’s stock, valued at $1,863,180.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kathryn G. Simpson sold 1,273 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the sale, the vice president now owns 2,735 shares of the company’s stock, valued at approximately $1,231,761.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,149 shares of company stock worth $1,421,147. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Company 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.