Mutual Advisors LLC Sells 140 Shares of Northrop Grumman Co. (NYSE:NOC)

Mutual Advisors LLC lowered its stake in Northrop Grumman Co. (NYSE:NOC) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,953 shares of the aerospace company’s stock after selling 140 shares during the quarter. Mutual Advisors LLC’s holdings in Northrop Grumman were worth $2,070,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ascent Group LLC lifted its position in Northrop Grumman by 0.5% in the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after purchasing an additional 20 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted 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 valued at $1,131,000 after purchasing an additional 20 shares during the last quarter. Asset Dedication LLC lifted 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 valued at $1,069,000 after purchasing an additional 20 shares during the last quarter. Foundations Investment Advisors LLC lifted 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 valued at $780,000 after purchasing an additional 20 shares during the last quarter. Finally, PBMares Wealth Management LLC lifted 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 valued at $2,335,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. 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 report on Friday, October 25th. TD Cowen upgraded Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and upped their target price for the company from $474.00 to $575.00 in a report on Monday, July 29th. Finally, Royal Bank of Canada upped their target price on Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $550.56.

Northrop Grumman Trading Up 0.7 %

NYSE NOC opened at $509.02 on Friday. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The stock has a market cap of $74.16 billion, a P/E ratio of 31.54, a P/E/G ratio of 2.31 and a beta of 0.34. The stock’s fifty day moving average price is $523.57 and its 200-day moving average price is $482.45. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the prior year, the firm posted $6.18 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts forecast that Northrop Grumman Co. will post 25.87 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a $2.06 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.62%. Northrop Grumman’s dividend payout ratio is currently 51.05%.

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.