Dynamic Advisor Solutions LLC Sells 1,108 Shares of Northrop Grumman Co. (NYSE:NOC)

Dynamic Advisor Solutions LLC decreased its holdings in Northrop Grumman Co. (NYSE:NOC) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,608 shares of the aerospace company’s stock after selling 1,108 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Northrop Grumman were worth $6,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NOC. Acadian Asset Management LLC lifted its holdings in Northrop Grumman by 13.6% in the third quarter. Acadian Asset Management LLC now owns 1,724 shares of the aerospace company’s stock valued at $757,000 after buying an additional 207 shares during the period. Federated Hermes Inc. raised its holdings in shares of Northrop Grumman by 117.4% during the third quarter. Federated Hermes Inc. now owns 2,237 shares of the aerospace company’s stock valued at $985,000 after purchasing an additional 1,208 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Northrop Grumman by 33.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,379 shares of the aerospace company’s stock valued at $1,047,000 after purchasing an additional 600 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Northrop Grumman by 89.3% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,366 shares of the aerospace company’s stock valued at $1,922,000 after purchasing an additional 2,059 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Northrop Grumman by 53.2% during the third quarter. Covestor Ltd now owns 216 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.5 %

NOC opened at $428.48 on Wednesday. Northrop Grumman Co. has a 12 month low of $414.56 and a 12 month high of $496.89. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The company has a market cap of $63.41 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 2.01 and a beta of 0.35. The company has a 50 day moving average of $457.36 and a 200 day moving average of $460.10.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.83 by $0.49. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the prior year, the company posted $5.50 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, sell-side analysts expect that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were given a dividend of $2.06 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $8.24 annualized dividend and a dividend yield of 1.92%. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.87. Northrop Grumman’s dividend payout ratio (DPR) is 57.62%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NOC shares. Royal Bank of Canada upped their price objective on shares of Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. Wells Fargo & Company upped their target price on shares of Northrop Grumman from $483.00 to $518.00 in a report on Tuesday, June 18th. BTIG Research initiated coverage on shares of Northrop Grumman in a report on Wednesday. They issued a “buy” rating and a $565.00 target price on the stock. StockNews.com lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a report on Monday. Finally, Alembic Global Advisors upgraded shares of 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $510.36.

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.