Stonehearth Capital Management LLC Sells 57 Shares of Northrop Grumman Co. (NYSE:NOC)

Stonehearth Capital Management LLC reduced its position in shares of Northrop Grumman Co. (NYSE:NOC) by 6.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 858 shares of the aerospace company’s stock after selling 57 shares during the quarter. Stonehearth Capital Management LLC’s holdings in Northrop Grumman were worth $453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ascent Group LLC boosted its holdings in shares of Northrop Grumman by 0.5% during the 2nd 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. Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Northrop Grumman by 4.6% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock valued at $218,000 after acquiring an additional 22 shares during the last quarter. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of Northrop Grumman by 1.5% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,467 shares of the aerospace company’s stock valued at $640,000 after acquiring an additional 22 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in shares of Northrop Grumman by 2.4% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock valued at $462,000 after acquiring an additional 23 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Northrop Grumman by 1.1% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,068 shares of the aerospace company’s stock valued at $902,000 after acquiring an additional 23 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction that occurred 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 sale, the vice president now owns 4,634 shares in the company, valued at $2,317,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related 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 value of $695,000.00. Following the sale, the vice president now owns 4,634 shares in the company, valued at $2,317,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the sale, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. The disclosure for this sale can be found here. Insiders have sold a total of 2,846 shares of company stock worth $1,393,028 over the last quarter. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

NOC has been the topic of a number of recent analyst reports. Sanford C. Bernstein downgraded shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target on the stock. in a report on Friday, June 21st. Royal Bank of Canada raised their price target on shares of Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Wells Fargo & Company raised their price objective on shares of Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. 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 report on Tuesday, August 27th. Finally, Barclays raised their price objective on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $523.20.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $538.85 on Thursday. 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 1-year low of $414.56 and a 1-year high of $555.57. The company has a market capitalization of $79.74 billion, a P/E ratio of 37.68, a P/E/G ratio of 2.44 and a beta of 0.34. The firm’s 50 day simple moving average is $510.97 and its two-hundred day simple moving average is $473.82.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.93 by $0.43. The firm had revenue of $10.22 billion for the quarter, compared to analysts’ expectations of $10.02 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.34 earnings per share. Research analysts expect that Northrop Grumman Co. will post 25.14 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were given a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s payout ratio is currently 57.62%.

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.