SC&H Financial Advisors Inc. Has $253,000 Position in Northrop Grumman Co. (NYSE:NOC)

SC&H Financial Advisors Inc. trimmed its holdings in Northrop Grumman Co. (NYSE:NOC) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539 shares of the aerospace company’s stock after selling 51 shares during the quarter. SC&H Financial Advisors Inc.’s holdings in Northrop Grumman were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in NOC. Cidel Asset Management Inc. lifted its stake in Northrop Grumman by 8.7% in the fourth quarter. Cidel Asset Management Inc. now owns 1,020 shares of the aerospace company’s stock valued at $479,000 after buying an additional 82 shares during the period. Joel Isaacson & Co. LLC increased its stake in shares of Northrop Grumman by 21.9% in the 4th quarter. Joel Isaacson & Co. LLC now owns 1,754 shares of the aerospace company’s stock valued at $823,000 after acquiring an additional 315 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Northrop Grumman during the 4th quarter valued at $425,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Northrop Grumman by 1.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,847 shares of the aerospace company’s stock worth $7,906,000 after acquiring an additional 245 shares in the last quarter. Finally, Telos Capital Management Inc. grew its holdings in Northrop Grumman by 0.4% in the fourth quarter. Telos Capital Management Inc. now owns 29,766 shares of the aerospace company’s stock worth $13,969,000 after purchasing an additional 133 shares during the period. Institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the completion of the transaction, the vice president now directly owns 537 shares of the company’s stock, valued at approximately $286,183.41. This represents a 68.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 1,255 shares of company stock worth $662,868. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NOC. Wells Fargo & Company dropped their price objective on shares of Northrop Grumman from $595.00 to $574.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Barclays cut their price target on Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Royal Bank of Canada increased their target price on Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Finally, UBS Group reduced their price target on shares of Northrop Grumman from $579.00 to $558.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $544.31.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $468.75 on Friday. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The company’s 50 day moving average price is $477.33 and its two-hundred day moving average price is $498.99. The stock has a market cap of $67.86 billion, a P/E ratio of 16.54, a P/E/G ratio of 3.00 and a beta of 0.35. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 EPS for the quarter, topping analysts’ consensus estimates of $6.27 by $0.12. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. On average, equities analysts predict that Northrop Grumman Co. will post 27.94 earnings per share for the current year.

Northrop Grumman declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the aerospace company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 2nd were given a dividend of $2.06 per share. The ex-dividend date was Monday, December 2nd. This represents a $8.24 annualized dividend and a yield of 1.76%. Northrop Grumman’s payout ratio is currently 29.08%.

About Northrop Grumman

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.