Advisor OS LLC Sells 100 Shares of Northrop Grumman Co. (NYSE:NOC)

Advisor OS LLC reduced its holdings in Northrop Grumman Co. (NYSE:NOC) by 0.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 46,975 shares of the aerospace company’s stock after selling 100 shares during the period. Northrop Grumman comprises approximately 2.2% of Advisor OS LLC’s holdings, making the stock its 7th biggest position. Advisor OS LLC’s holdings in Northrop Grumman were worth $20,479,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Gulf International Bank UK Ltd increased its position in shares of Northrop Grumman by 1,402.9% during the first quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock worth $6,186,000 after buying an additional 12,065 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at about $870,000. Norden Group LLC bought a new stake in shares of Northrop Grumman during the 1st quarter valued at about $778,000. Fisher Asset Management LLC grew its stake in Northrop Grumman by 7,574.5% during the fourth quarter. Fisher Asset Management LLC now owns 123,637 shares of the aerospace company’s stock worth $57,879,000 after purchasing an additional 122,026 shares during the period. Finally, Red Mountain Financial LLC acquired a new position in Northrop Grumman in the fourth quarter valued at approximately $264,000. 83.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman 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 of the company’s stock, valued at $2,317,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the transaction, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. The disclosure for this sale can be found here. Insiders have sold 2,846 shares of company stock valued at $1,393,028 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $515.43 on Friday. The firm’s 50-day simple moving average is $478.36 and its two-hundred day simple moving average is $465.36. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $528.76. The firm has a market cap of $76.28 billion, a price-to-earnings ratio of 36.04, a P/E/G ratio of 2.40 and a beta of 0.32.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, beating the consensus estimate of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The business had revenue of $10.22 billion during the quarter, compared to analyst estimates of $10.02 billion. During the same period in the prior year, the company earned $5.34 earnings per share. Northrop Grumman’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts forecast that Northrop Grumman Co. will post 25.15 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd will be paid a $2.06 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.60%. Northrop Grumman’s dividend payout ratio is 57.62%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Sanford C. Bernstein cut shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price objective on the stock. in a research report on Friday, June 21st. TD Cowen boosted their target price on Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and increased their price target for the stock from $474.00 to $575.00 in a report on Monday, July 29th. Finally, Barclays lifted their price target on shares of Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $523.20.

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.