Atria Wealth Solutions Inc. Has $9.49 Million Holdings in Northrop Grumman Co. (NYSE:NOC)

Atria Wealth Solutions Inc. raised its position in Northrop Grumman Co. (NYSE:NOC) by 2.6% in the fourth quarter, HoldingsChannel reports. The fund owned 20,262 shares of the aerospace company’s stock after purchasing an additional 519 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Northrop Grumman were worth $9,486,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NOC. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Northrop Grumman in the third quarter valued at approximately $29,000. Providence Capital Advisors LLC lifted its holdings in shares of Northrop Grumman by 400.0% in the third quarter. Providence Capital Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 80 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new position in shares of Northrop Grumman in the third quarter valued at approximately $70,000. Rational Advisors LLC bought a new position in shares of Northrop Grumman in the third quarter valued at approximately $72,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Northrop Grumman by 16.2% in the third quarter. Venturi Wealth Management LLC now owns 165 shares of the aerospace company’s stock valued at $73,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NYSE NOC traded up $10.85 during mid-day trading on Thursday, hitting $485.42. The company had a trading volume of 556,961 shares, compared to its average volume of 991,220. The company has a market capitalization of $71.94 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 1.91 and a beta of 0.35. Northrop Grumman Co. has a 1 year low of $414.56 and a 1 year high of $496.89. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average price is $461.24 and its 200-day moving average price is $465.55.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, January 25th. The aerospace company reported $6.27 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.47. The company had revenue of $10.64 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Northrop Grumman had a return on equity of 23.07% and a net margin of 5.23%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $7.50 earnings per share. On average, sell-side analysts forecast that Northrop Grumman Co. will post 24.67 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 26th were given a $1.87 dividend. This represents a $7.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 55.49%.

Insider Activity

In related news, VP Kathryn G. Simpson sold 1,273 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $450.37, for a total transaction of $573,321.01. Following the completion of the transaction, the vice president now directly owns 2,735 shares in the company, valued at $1,231,761.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Kathryn G. Simpson sold 1,273 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $450.37, for a total transaction of $573,321.01. Following the completion of the transaction, the vice president now directly owns 2,735 shares in the company, valued at $1,231,761.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Michael A. Hardesty sold 210 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total value of $95,482.80. Following the transaction, the chief accounting officer now owns 3,127 shares of the company’s stock, valued at $1,421,784.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,149 shares of company stock worth $1,421,147. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TheStreet lowered Northrop Grumman from a “b+” rating to a “c+” rating in a report on Thursday, January 25th. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price target on the stock in a report on Monday. StockNews.com lowered Northrop Grumman from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $450.00 price target (down from $515.00) on shares of Northrop Grumman in a report on Friday, January 26th. Finally, Robert W. Baird dropped their price target on Northrop Grumman from $505.00 to $475.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $497.23.

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.