Rational Advisors LLC Decreases Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Rational Advisors LLC trimmed its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 26.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93 shares of the aerospace company’s stock after selling 33 shares during the quarter. Rational Advisors LLC’s holdings in Northrop Grumman were worth $49,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ascent Group LLC increased its position in shares of Northrop Grumman by 0.5% during the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after acquiring an additional 20 shares during the last quarter. Cornell Pochily Investment Advisors Inc. increased its position in Northrop Grumman by 0.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock worth $1,131,000 after buying an additional 20 shares during the last quarter. Asset Dedication LLC increased its position in Northrop Grumman by 1.0% in the third quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock worth $1,069,000 after buying an additional 20 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Northrop Grumman by 1.4% in the third quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock worth $780,000 after buying an additional 20 shares during the last quarter. Finally, PBMares Wealth Management LLC increased its position in Northrop Grumman by 0.5% in the third quarter. PBMares Wealth Management LLC now owns 4,421 shares of the aerospace company’s stock worth $2,335,000 after buying an additional 20 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Up 0.1 %

NOC stock opened at $507.44 on Tuesday. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. 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 market cap of $73.93 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.02 and a beta of 0.35. The business has a 50 day moving average of $523.43 and a 200 day moving average of $483.68.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.18 billion. During the same period last year, the business posted $6.18 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, research analysts forecast that Northrop Grumman Co. will post 25.95 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.62%. Northrop Grumman’s dividend payout ratio is 51.05%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NOC. UBS Group boosted their price objective on Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price objective on Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and boosted their price objective for the company from $474.00 to $575.00 in a research note on Monday, July 29th. Barclays boosted their price objective on Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, TD Cowen upgraded Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $550.56.

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.