Nelson Van Denburg & Campbell Wealth Management Group LLC Decreases Stock Position in Northrop Grumman Co. (NYSE:NOC)

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Nelson Van Denburg & Campbell Wealth Management Group LLC lowered its stake in Northrop Grumman Co. (NYSE:NOC) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 774 shares of the aerospace company’s stock after selling 239 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Northrop Grumman were worth $289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Northrop Grumman by 1.0% in the second quarter. Vanguard Group Inc. now owns 13,897,587 shares of the aerospace company’s stock worth $4,490,450,000 after buying an additional 140,627 shares during the period. Northern Trust Corp increased its holdings in shares of Northrop Grumman by 0.5% in the second quarter. Northern Trust Corp now owns 1,714,919 shares of the aerospace company’s stock worth $554,108,000 after buying an additional 8,997 shares during the period. Putnam Investments LLC increased its holdings in shares of Northrop Grumman by 30.7% in the second quarter. Putnam Investments LLC now owns 1,444,136 shares of the aerospace company’s stock worth $466,615,000 after buying an additional 339,169 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Northrop Grumman by 32,192.2% in the second quarter. Nuveen Asset Management LLC now owns 1,241,311 shares of the aerospace company’s stock worth $401,079,000 after buying an additional 1,237,467 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Northrop Grumman by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 1,202,611 shares of the aerospace company’s stock worth $388,576,000 after buying an additional 12,059 shares during the period. Hedge funds and other institutional investors own 83.09% of the company’s stock.

Shares of NYSE:NOC opened at $368.75 on Friday. Northrop Grumman Co. has a 1 year low of $223.63 and a 1 year high of $383.89. The company has a market cap of $62.34 billion, a PE ratio of 17.29, a P/E/G ratio of 1.51 and a beta of 0.80. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.25 and a quick ratio of 1.15. The stock’s 50-day moving average is $368.02 and its 200 day moving average is $325.96.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.64 by $0.42. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter in the previous year, the business earned $4.50 EPS. Northrop Grumman’s revenue was up 18.8% compared to the same quarter last year. Analysts expect that Northrop Grumman Co. will post 19.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Monday, September 9th were given a dividend of $1.32 per share. The ex-dividend date was Friday, September 6th. This represents a $5.28 annualized dividend and a yield of 1.43%. Northrop Grumman’s payout ratio is 24.75%.

Several research analysts have recently commented on NOC shares. Credit Suisse Group lifted their price objective on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. UBS Group lifted their price objective on Northrop Grumman from $300.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Bank of America restated a “buy” rating and set a $405.00 price target (up previously from $355.00) on shares of Northrop Grumman in a report on Thursday, July 25th. Morgan Stanley boosted their price target on Northrop Grumman from $418.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Sanford C. Bernstein boosted their price target on Northrop Grumman from $344.00 to $368.00 in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $348.87.

In other Northrop Grumman news, CEO Kathy J. Warden sold 6,837 shares of Northrop Grumman stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $353.46, for a total transaction of $2,416,606.02. Following the sale, the chief executive officer now directly owns 99,002 shares of the company’s stock, valued at approximately $34,993,246.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher T. Jones sold 5,000 shares of Northrop Grumman stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $353.19, for a total value of $1,765,950.00. Following the sale, the vice president now directly owns 67,422 shares in the company, valued at $23,812,776.18. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

About Northrop Grumman

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.

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

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