Northrop Grumman Co. (NYSE:NOC) Shares Sold by My Legacy Advisors LLC

My Legacy Advisors LLC cut its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 17.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,389 shares of the aerospace company’s stock after selling 289 shares during the period. My Legacy Advisors LLC’s holdings in Northrop Grumman were worth $733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NOC. Capital International Investors grew its stake in Northrop Grumman by 5.6% during the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after purchasing an additional 621,636 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Northrop Grumman by 4.8% during the first quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after buying an additional 211,459 shares in the last quarter. Capital World Investors grew its position in shares of Northrop Grumman by 0.6% during the first quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock worth $1,765,543,000 after buying an additional 23,398 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Northrop Grumman by 16.0% in the second quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock worth $474,276,000 after buying an additional 150,367 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Northrop Grumman by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock valued at $297,937,000 after acquiring an additional 125,262 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 1.6 %

NOC stock traded down $8.68 during trading hours on Tuesday, hitting $520.97. The company’s stock had a trading volume of 233,002 shares, compared to its average volume of 870,822. The company has a market capitalization of $77.10 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. The stock has a 50 day moving average price of $522.30 and a two-hundred day moving average price of $479.58. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter in the previous year, the firm earned $5.34 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts expect that Northrop Grumman Co. will post 25.16 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is 57.62%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NOC. Barclays boosted their target price on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. 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 report on Tuesday, August 27th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, Citigroup raised their price objective on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $535.00.

Insider Buying and Selling

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now owns 6,755 shares of the company’s stock, valued at $3,225,917.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas H. Jones sold 1,390 shares of the company’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 of the company’s stock, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,879 shares of company stock valued at $1,410,703. Company insiders own 0.22% of the company’s stock.

About Northrop Grumman

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.