L & S Advisors Inc Has $6.11 Million Holdings in Northrop Grumman Corporation (NOC)

L & S Advisors Inc reduced its stake in Northrop Grumman Corporation (NYSE:NOC) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,229 shares of the aerospace company’s stock after selling 1,947 shares during the period. L & S Advisors Inc’s holdings in Northrop Grumman were worth $6,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NOC. Sumitomo Life Insurance Co. lifted its stake in shares of Northrop Grumman by 4.4% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 7,221 shares of the aerospace company’s stock worth $1,854,000 after acquiring an additional 305 shares during the period. NGAM Advisors L.P. lifted its stake in shares of Northrop Grumman by 46.7% in the 2nd quarter. NGAM Advisors L.P. now owns 91,610 shares of the aerospace company’s stock worth $23,517,000 after acquiring an additional 29,166 shares during the period. IBM Retirement Fund lifted its stake in shares of Northrop Grumman by 112.5% in the 2nd quarter. IBM Retirement Fund now owns 3,946 shares of the aerospace company’s stock worth $1,132,000 after acquiring an additional 2,089 shares during the period. Harbour Capital Advisors LLC lifted its stake in Northrop Grumman by 25,571.0% during the second quarter. Harbour Capital Advisors LLC now owns 116,033 shares of the aerospace company’s stock valued at $452,000 after purchasing an additional 115,581 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Northrop Grumman by 21.5% during the second quarter. Janney Montgomery Scott LLC now owns 19,500 shares of the aerospace company’s stock valued at $5,006,000 after purchasing an additional 3,447 shares during the last quarter. 81.33% of the stock is owned by institutional investors.

Several analysts recently commented on the stock. Cowen reissued a “hold” rating and set a $310.00 target price on shares of Northrop Grumman in a research note on Wednesday, November 22nd. Royal Bank Of Canada set a $374.00 target price on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Bank of America set a $350.00 target price on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus increased their target price on shares of Northrop Grumman from $255.00 to $300.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $294.65.

Northrop Grumman Corporation (NYSE NOC) traded up $2.45 during mid-day trading on Thursday, hitting $300.20. 629,600 shares of the stock were exchanged, compared to its average volume of 781,667. Northrop Grumman Corporation has a twelve month low of $220.72 and a twelve month high of $309.76. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. The firm has a market capitalization of $51,831.87, a price-to-earnings ratio of 22.69, a P/E/G ratio of 3.00 and a beta of 0.69.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.76. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the previous year, the business earned $3.35 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. equities research analysts predict that Northrop Grumman Corporation will post 13.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.33%. Northrop Grumman’s dividend payout ratio is currently 29.81%.

In other news, COO Gloria A. Flach sold 7,741 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the sale, the chief operating officer now owns 77,200 shares in the company, valued at $22,885,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the sale, the vice president now owns 63,147 shares in the company, valued at approximately $18,817,806. The disclosure for this sale can be found here. Insiders have sold 21,417 shares of company stock worth $6,365,189 in the last 90 days. 0.70% of the stock is owned by company insiders.

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About Northrop Grumman

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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