CreativeOne Wealth LLC Sells 304 Shares of Northrop Grumman Co. (NYSE:NOC)

CreativeOne Wealth LLC cut its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,884 shares of the aerospace company’s stock after selling 304 shares during the period. CreativeOne Wealth LLC’s holdings in Northrop Grumman were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Optimum Investment Advisors lifted its holdings in shares of Northrop Grumman by 241.2% in the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 41 shares in the last quarter. Bank & Trust Co bought a new stake in shares of Northrop Grumman in the second quarter valued at about $28,000. Meeder Asset Management Inc. lifted its holdings in shares of Northrop Grumman by 245.5% in 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. Catalyst Capital Advisors LLC bought a new stake in shares of Northrop Grumman in the third quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Northrop Grumman in the second quarter valued at about $52,000. 83.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on NOC shares. Barclays boosted their price target on Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley lifted their target price on Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Alembic Global Advisors downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research report on Tuesday, August 27th. Susquehanna lifted their target price on Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research report on Friday, October 25th. Finally, UBS Group lifted their target price on Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $550.56.

Insider Activity at Northrop Grumman

In related news, VP Benjamin R. Davies sold 1,156 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $532.93, for a total value of $616,067.08. Following the completion of the sale, the vice president now directly owns 537 shares in the company, valued at $286,183.41. This represents a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 1,255 shares of company stock worth $667,727 over the last three months. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Stock Up 0.1 %

NYSE NOC opened at $489.08 on Friday. The business has a fifty day moving average price of $517.90 and a two-hundred day moving average price of $487.15. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The stock has a market capitalization of $71.26 billion, a PE ratio of 30.30, a PEG ratio of 0.99 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.07 by $0.93. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.18 earnings per share. Equities analysts expect that Northrop Grumman Co. will post 25.93 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be issued a $2.06 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $8.24 dividend on an annualized basis and a yield of 1.68%. Northrop Grumman’s payout ratio is 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.