Northrop Grumman Co. (NYSE:NOC) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC cut its holdings in Northrop Grumman Co. (NYSE:NOC) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,371 shares of the aerospace company’s stock after selling 128 shares during the period. Insigneo Advisory Services LLC’s holdings in Northrop Grumman were worth $598,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital International Investors boosted its holdings in shares of Northrop Grumman by 5.6% in 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 buying an additional 621,636 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Northrop Grumman by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock valued at $2,218,132,000 after buying an additional 211,459 shares during the period. Capital World Investors lifted its position in Northrop Grumman by 0.6% in the 1st quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock valued at $1,765,543,000 after purchasing an additional 23,398 shares during the last quarter. Northern Trust Corp lifted its position in Northrop Grumman by 1.3% in the 4th quarter. Northern Trust Corp now owns 1,260,599 shares of the aerospace company’s stock valued at $590,137,000 after purchasing an additional 16,275 shares during the last quarter. Finally, Putnam Investments LLC lifted its position in Northrop Grumman by 2.6% in the 4th quarter. Putnam Investments LLC now owns 1,156,477 shares of the aerospace company’s stock valued at $541,393,000 after purchasing an additional 28,934 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NOC has been the topic of several recent research reports. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research report on Tuesday, August 27th. Jefferies Financial Group cut their price objective on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a research report on Tuesday, June 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price objective for the company from $474.00 to $575.00 in a research report on Monday, July 29th. Sanford C. Bernstein downgraded shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price objective on the stock. in a research report on Friday, June 21st. Finally, Barclays lifted their price objective on shares of Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and an average price target of $523.20.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $524.31 on Friday. The firm’s 50 day simple moving average is $501.74 and its 200-day simple moving average is $471.28. The company has a market cap of $77.59 billion, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $534.61.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The firm had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same period in the previous year, the firm posted $5.34 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts predict that Northrop Grumman Co. will post 25.14 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were given a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is presently 57.62%.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now directly owns 4,634 shares of the company’s stock, valued at $2,317,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the sale, the vice president now directly owns 6,755 shares in the company, valued at $3,225,917.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas H. Jones sold 1,390 shares of the company’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 transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,846 shares of company stock valued at $1,393,028. Corporate insiders own 0.22% of the company’s stock.

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.