Northrop Grumman Co. (NYSE:NOC) Shares Sold by Strategic Wealth Partners Ltd.

Share on StockTwits

Strategic Wealth Partners Ltd. lessened its position in shares of Northrop Grumman Co. (NYSE:NOC) by 5.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 825 shares of the aerospace company’s stock after selling 50 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Northrop Grumman were worth $266,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NOC. Trustcore Financial Services LLC acquired a new position in shares of Northrop Grumman during the 1st quarter worth $27,000. Glassman Wealth Services raised its stake in shares of Northrop Grumman by 203.0% during the 1st quarter. Glassman Wealth Services now owns 100 shares of the aerospace company’s stock worth $27,000 after buying an additional 67 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of Northrop Grumman during the 2nd quarter worth $27,000. Meridian Wealth Management LLC acquired a new position in shares of Northrop Grumman during the 1st quarter worth $29,000. Finally, Berman Capital Advisors LLC raised its stake in shares of Northrop Grumman by 78.1% during the 1st quarter. Berman Capital Advisors LLC now owns 114 shares of the aerospace company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.

NOC stock traded down $10.52 during trading on Friday, hitting $361.50. The stock had a trading volume of 552,340 shares, compared to its average volume of 854,557. The company’s 50 day moving average price is $346.03 and its two-hundred day moving average price is $305.52. Northrop Grumman Co. has a 1-year low of $223.63 and a 1-year high of $377.34. The stock has a market cap of $62.95 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.52 and a beta of 0.81. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.15 and a current ratio of 1.25.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.64 by $0.42. Northrop Grumman had a net margin of 9.80% and a return on equity of 42.21%. The firm had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter in the previous year, the company posted $4.50 EPS. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. As a group, sell-side analysts forecast that Northrop Grumman Co. will post 19.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Monday, September 9th will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, September 6th. Northrop Grumman’s dividend payout ratio (DPR) is 24.75%.

Several research firms have recently issued reports on NOC. Bank of America reaffirmed a “buy” rating and set a $405.00 price target (up previously from $355.00) on shares of Northrop Grumman in a research note on Thursday, July 25th. Sanford C. Bernstein boosted their target price on shares of Northrop Grumman from $344.00 to $368.00 in a research note on Thursday, July 25th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 30th. Barclays boosted their target price on shares of Northrop Grumman from $325.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, May 16th. Finally, UBS Group boosted their target price on shares of Northrop Grumman from $300.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $345.93.

In other Northrop Grumman news, VP Christopher T. Jones sold 5,000 shares of Northrop Grumman stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $353.19, for a total value of $1,765,950.00. Following the completion of the sale, the vice president now owns 67,422 shares in the company, valued at approximately $23,812,776.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kathy J. Warden sold 6,837 shares of Northrop Grumman stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $353.46, for a total value of $2,416,606.02. Following the completion of the sale, the chief executive officer now owns 99,002 shares of the company’s stock, valued at approximately $34,993,246.92. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

Northrop Grumman Company Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

See Also: Are we seeing the beginning of a new bubble?

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

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

CSat Investment Advisory L.P. Increases Stake in Humana Inc
CSat Investment Advisory L.P. Increases Stake in Humana Inc
CSat Investment Advisory L.P. Boosts Stake in PepsiCo, Inc.
CSat Investment Advisory L.P. Boosts Stake in PepsiCo, Inc.
CSat Investment Advisory L.P. Boosts Stake in Alibaba Group Holding Ltd
CSat Investment Advisory L.P. Boosts Stake in Alibaba Group Holding Ltd
CSat Investment Advisory L.P. Cuts Position in Nasdaq Inc
CSat Investment Advisory L.P. Cuts Position in Nasdaq Inc
CSat Investment Advisory L.P. Sells 621 Shares of General Mills, Inc.
CSat Investment Advisory L.P. Sells 621 Shares of General Mills, Inc.
Line Corp  Shares Sold by CSat Investment Advisory L.P.
Line Corp Shares Sold by CSat Investment Advisory L.P.


© 2006-2019 Ticker Report