Northrop Grumman Co. (NYSE:NOC) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC reduced its position in Northrop Grumman Co. (NYSE:NOC) by 6.4% in the 3rd quarter, Holdings Channel reports. The fund owned 2,152 shares of the aerospace company’s stock after selling 147 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Northrop Grumman were worth $1,136,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its position in Northrop Grumman by 4,969.7% during the third quarter. Meeder Asset Management Inc. now owns 3,853 shares of the aerospace company’s stock worth $2,035,000 after buying an additional 3,777 shares during the period. Pathstone Holdings LLC increased its position in Northrop Grumman by 11.0% during the third quarter. Pathstone Holdings LLC now owns 18,562 shares of the aerospace company’s stock worth $9,802,000 after purchasing an additional 1,844 shares during the last quarter. Baron Wealth Management LLC raised its stake in Northrop Grumman by 6.8% during the third quarter. Baron Wealth Management LLC now owns 506 shares of the aerospace company’s stock worth $267,000 after purchasing an additional 32 shares during the period. Meeder Advisory Services Inc. grew its stake in shares of Northrop Grumman by 0.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 2,288 shares of the aerospace company’s stock valued at $1,208,000 after buying an additional 20 shares during the period. Finally, Aviso Wealth Management increased its holdings in shares of Northrop Grumman by 99.8% during the 3rd quarter. Aviso Wealth Management now owns 3,789 shares of the aerospace company’s stock worth $2,001,000 after buying an additional 1,893 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $532.93, for a total value of $616,067.08. Following the completion of the transaction, the vice president now owns 537 shares in the company, valued at approximately $286,183.41. This represents a 68.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,289 shares of company stock valued at $685,273 in the last quarter. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the subject of several research analyst reports. UBS Group upped their price target on Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and upped their price target for the stock from $474.00 to $575.00 in a research report on Monday, July 29th. Barclays raised their target price on Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their target price on shares of Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $550.56.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $490.86 on Wednesday. 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 firm has a 50-day simple moving average of $521.97 and a 200 day simple moving average of $486.44. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company has a market cap of $71.52 billion, a PE ratio of 30.41, a P/E/G ratio of 1.00 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same quarter in the previous year, the firm posted $6.18 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Northrop Grumman Co. will post 25.93 EPS for the current year.

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.