OneAscent Financial Services LLC Has $518,000 Stock Holdings in Northrop Grumman Corporation (NYSE:NOC)

OneAscent Financial Services LLC lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 100.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,012 shares of the aerospace company's stock after buying an additional 506 shares during the period. OneAscent Financial Services LLC's holdings in Northrop Grumman were worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC lifted its position in shares of Northrop Grumman by 1.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,028 shares of the aerospace company's stock worth $4,622,000 after purchasing an additional 151 shares during the last quarter. Fountainhead AM LLC purchased a new stake in Northrop Grumman in the first quarter valued at $254,000. Resurgent Financial Advisors LLC increased its stake in Northrop Grumman by 8.6% in the first quarter. Resurgent Financial Advisors LLC now owns 490 shares of the aerospace company's stock valued at $251,000 after purchasing an additional 39 shares during the period. Csenge Advisory Group increased its stake in Northrop Grumman by 4.8% in the first quarter. Csenge Advisory Group now owns 1,967 shares of the aerospace company's stock valued at $1,063,000 after purchasing an additional 90 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC acquired a new position in Northrop Grumman in the first quarter valued at $204,000. Hedge funds and other institutional investors own 83.40% of the company's stock.

Insider Buying and Selling at Northrop Grumman

In other news, VP Roshan S. Roeder sold 991 shares of Northrop Grumman stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total value of $485,590.00. Following the transaction, the vice president owned 319 shares of the company's stock, valued at $156,310. The trade was a 75.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Robert J. Fleming sold 3,500 shares of Northrop Grumman stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the completion of the transaction, the vice president directly owned 1,827 shares in the company, valued at $924,041.79. This represents a 65.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,569 shares of company stock worth $8,323,150. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NOC shares. Wall Street Zen lowered shares of Northrop Grumman from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Royal Bank Of Canada raised their price target on shares of Northrop Grumman from $600.00 to $625.00 and gave the company an "outperform" rating in a report on Tuesday. UBS Group lowered their price target on shares of Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Finally, Robert W. Baird increased their price objective on shares of Northrop Grumman from $547.00 to $565.00 and gave the company a "neutral" rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of "Moderate Buy" and an average price target of $576.67.

Northrop Grumman Price Performance

Northrop Grumman stock traded down $2.72 during trading hours on Friday, hitting $565.76. 140,000 shares of the company traded hands, compared to its average volume of 1,020,973. The firm has a market cap of $81.00 billion, a P/E ratio of 20.85, a P/E/G ratio of 7.47 and a beta of 0.15. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm's 50-day simple moving average is $499.40 and its two-hundred day simple moving average is $489.74. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $576.86.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, beating the consensus estimate of $6.84 by $0.27. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. Northrop Grumman's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $6.36 EPS. As a group, analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a $2.31 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $9.24 annualized dividend and a dividend yield of 1.63%. This is a boost from Northrop Grumman's previous quarterly dividend of $2.06. Northrop Grumman's payout ratio is currently 34.06%.

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.