CVA Family Office LLC Has $88,000 Holdings in Northrop Grumman Co. (NYSE:NOC)

CVA Family Office LLC decreased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 18.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201 shares of the aerospace company’s stock after selling 44 shares during the quarter. CVA Family Office LLC’s holdings in Northrop Grumman were worth $88,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOC. Capital International Investors grew its holdings in shares of Northrop Grumman by 5.6% during the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after purchasing an additional 621,636 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Northrop Grumman by 4.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after acquiring an additional 211,459 shares during the last quarter. Capital World Investors grew its holdings in Northrop Grumman by 0.6% during the 1st quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock worth $1,765,543,000 after acquiring an additional 23,398 shares during the last quarter. Sanders Capital LLC raised its stake in shares of Northrop Grumman by 3.7% during the fourth quarter. Sanders Capital LLC now owns 2,271,466 shares of the aerospace company’s stock valued at $1,063,364,000 after acquiring an additional 80,887 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Northrop Grumman by 1.3% during the fourth quarter. Northern Trust Corp now owns 1,260,599 shares of the aerospace company’s stock valued at $590,137,000 after acquiring an additional 16,275 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Insider Activity

In related news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares in the company, valued at $2,317,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

NOC has been the topic of several analyst reports. UBS Group boosted their price objective on shares of Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Susquehanna raised their price objective on Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price on the stock in a report on Monday, April 22nd. BTIG Research initiated coverage on shares of Northrop Grumman in a research report on Wednesday, June 26th. They set a “buy” rating and a $565.00 target price for the company. Finally, StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $516.29.

Northrop Grumman Stock Up 0.7 %

Shares of NOC traded up $3.22 during trading hours on Wednesday, hitting $489.75. The stock had a trading volume of 736,591 shares, compared to its average volume of 974,076. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $506.83. The firm has a market capitalization of $72.48 billion, a P/E ratio of 34.34, a price-to-earnings-growth ratio of 2.26 and a beta of 0.32. The firm has a 50 day simple moving average of $444.36 and a 200-day simple moving average of $455.86. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter last year, the firm posted $5.34 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts predict that Northrop Grumman Co. will post 25.18 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 28th were paid a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.87. The ex-dividend date was Friday, May 24th. Northrop Grumman’s dividend payout ratio (DPR) is 57.62%.

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.