One Capital Management LLC Has $517,000 Holdings in Northrop Grumman Co. (NYSE:NOC)

One Capital Management LLC lessened its stake in Northrop Grumman Co. (NYSE:NOC) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,187 shares of the aerospace company’s stock after selling 48 shares during the quarter. One Capital Management LLC’s holdings in Northrop Grumman were worth $517,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NOC. Capital International Investors boosted its holdings in Northrop Grumman by 5.6% during the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after purchasing an additional 621,636 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Northrop Grumman by 1,915.9% during the second quarter. Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock worth $191,173,000 after purchasing an additional 416,768 shares during the last quarter. Focused Investors Fund L P acquired a new position in Northrop Grumman during the first quarter worth $108,369,000. JPMorgan Chase & Co. boosted its holdings in 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 purchasing an additional 211,459 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in Northrop Grumman during the fourth quarter worth $97,866,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC opened at $521.07 on Wednesday. The firm has a market capitalization of $77.11 billion, a PE ratio of 36.44, a PEG ratio of 2.36 and a beta of 0.34. The company’s 50-day moving average is $490.48 and its 200-day moving average is $468.51. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $528.76. 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 (NYSE:NOC) last released its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping 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 business had revenue of $10.22 billion for the quarter, compared to analyst estimates of $10.02 billion. During the same period last year, the firm earned $5.34 earnings per share. Northrop Grumman’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts forecast that Northrop Grumman Co. will post 25.14 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd will be given a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is 57.62%.

Insider Buying and Selling

In related news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated 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 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 SEC, which is available through this hyperlink. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated 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 directly owns 4,634 shares in the company, 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. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NOC. Barclays increased their target price 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. Wells Fargo & Company increased their price target on shares of Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. UBS Group increased their price target on shares of Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Sanford C. Bernstein cut shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target for the company. in a research note on Friday, June 21st. Finally, TD Cowen increased their price target on shares of Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $523.20.

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.