Mount Yale Investment Advisors LLC Sells 40 Shares of Northrop Grumman Co. (NYSE:NOC)

Mount Yale Investment Advisors LLC lessened its position in Northrop Grumman Co. (NYSE:NOC) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 531 shares of the aerospace company’s stock after selling 40 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Northrop Grumman were worth $280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Optimum Investment Advisors increased its stake in shares of Northrop Grumman by 241.2% in the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 41 shares during the period. Bank & Trust Co bought a new position in Northrop Grumman in the 2nd quarter worth approximately $28,000. Meeder Asset Management Inc. boosted its position in shares of Northrop Grumman by 245.5% in the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 54 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Northrop Grumman in the second quarter worth $47,000. Finally, Larson Financial Group LLC grew its stake in shares of Northrop Grumman by 281.5% in the first quarter. Larson Financial Group LLC now owns 103 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $519.35 on Monday. The stock has a market capitalization of $76.86 billion, a P/E ratio of 36.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.34. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57. The firm has a 50 day moving average of $523.54 and a 200-day moving average of $481.38. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, topping the consensus estimate of $6.07 by $0.93. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the prior year, the business earned $6.18 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were issued a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is currently 57.62%.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction 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 directly owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,490 shares of company stock valued at $747,372 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Cowen upgraded shares of Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Morgan Stanley lifted their target price on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. UBS Group upped their price target on Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a report on Friday. Susquehanna lifted their price objective on Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a report on Friday. Finally, Barclays upped their target price on Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Hold” and a consensus target price of $547.44.

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.