Nisa Investment Advisors LLC Sells 4,924 Shares of Northrop Grumman Co. (NYSE:NOC)

Nisa Investment Advisors LLC trimmed its stake in Northrop Grumman Co. (NYSE:NOC) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,038 shares of the aerospace company’s stock after selling 4,924 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Northrop Grumman were worth $30,648,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Optimum Investment Advisors lifted its position in Northrop Grumman by 241.2% during the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 41 shares during the last quarter. Bank & Trust Co bought a new position in shares of Northrop Grumman in the 2nd quarter valued at $28,000. Meeder Asset Management Inc. boosted its stake in shares of Northrop Grumman by 245.5% during the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 54 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Northrop Grumman during the 2nd quarter worth approximately $47,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Northrop Grumman by 281.5% during the first quarter. Larson Financial Group LLC now owns 103 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target for the company. in a report on Tuesday, August 27th. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. UBS Group increased their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada boosted their target price on shares of Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $547.44.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 1,490 shares of company stock valued at $747,372. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Down 1.4 %

NYSE NOC opened at $512.13 on Tuesday. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The business has a 50 day moving average price of $523.68 and a 200-day moving average price of $481.77. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00. The company has a market cap of $74.62 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 2.31 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. Northrop Grumman’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.18 EPS. As a group, equities analysts expect that Northrop Grumman Co. will post 25.87 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.61%. Northrop Grumman’s dividend payout ratio (DPR) is currently 51.05%.

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.