Legacy Financial Advisors Inc. Sells 108 Shares of Northrop Grumman Co. (NYSE:NOC)

Legacy Financial Advisors Inc. cut its stake in Northrop Grumman Co. (NYSE:NOC) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634 shares of the aerospace company’s stock after selling 108 shares during the period. Legacy Financial Advisors Inc.’s holdings in Northrop Grumman were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Accretive Wealth Partners LLC increased its holdings in Northrop Grumman by 10.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 528 shares of the aerospace company’s stock valued at $247,000 after buying an additional 50 shares during the period. Gryphon Financial Partners LLC boosted its position in shares of Northrop Grumman by 21.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 557 shares of the aerospace company’s stock worth $241,000 after acquiring an additional 100 shares in the last quarter. Jump Financial LLC boosted its position in shares of Northrop Grumman by 37.7% during the 4th quarter. Jump Financial LLC now owns 694 shares of the aerospace company’s stock worth $325,000 after acquiring an additional 190 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new position in Northrop Grumman in the fourth quarter valued at approximately $257,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in Northrop Grumman by 1.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,185 shares of the aerospace company’s stock valued at $9,449,000 after purchasing an additional 230 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were 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 directly owns 4,634 shares of the company’s stock, valued at $2,317,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 of the company’s stock, valued at approximately $2,317,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,846 shares of company stock worth $1,393,028. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NOC shares. TD Cowen raised their target price on Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a report on Monday, July 29th. Alembic Global Advisors lowered Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research note on Tuesday, August 27th. Morgan Stanley boosted their target price on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Royal Bank of Canada raised their price target on shares of Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Finally, Barclays upped their price objective on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. One investment 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 company presently has a consensus rating of “Hold” and an average price target of $523.20.

Northrop Grumman Trading Up 0.5 %

Shares of NOC stock opened at $525.13 on Friday. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $528.76. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The stock has a market cap of $77.71 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 2.36 and a beta of 0.34. The stock has a 50-day moving average of $496.06 and a 200-day moving average of $469.78.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. The business had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.34 EPS. On average, equities research analysts forecast that Northrop Grumman Co. will post 25.14 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 1.57%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 57.62%.

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.