Pathway Financial Advisers LLC Sells 36 Shares of Northrop Grumman Co. (NYSE:NOC)

Pathway Financial Advisers LLC cut its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,353 shares of the aerospace company’s stock after selling 36 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Northrop Grumman were worth $1,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NOC. Optimum Investment Advisors grew its position in shares of Northrop Grumman by 241.2% in the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 41 shares in the last quarter. Bank & Trust Co purchased a new stake in shares of Northrop Grumman in the second quarter worth about $28,000. Meeder Asset Management Inc. boosted its position in shares of Northrop Grumman by 245.5% in the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 54 shares during the period. Rise Advisors LLC purchased a new position in shares of Northrop Grumman during the 1st quarter valued at $38,000. Finally, Riverview Trust Co bought a new position in shares of Northrop Grumman in the first quarter worth $47,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.2 %

Northrop Grumman stock opened at $528.07 on Tuesday. The firm has a market capitalization of $78.15 billion, a price-to-earnings ratio of 36.93, a P/E/G ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a 12-month low of $414.56 and a 12-month high of $534.61. The firm has a 50 day moving average of $507.01 and a 200 day moving average of $472.78. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03.

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

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.56%. Northrop Grumman’s dividend payout ratio (DPR) is 57.62%.

Wall Street Analyst Weigh In

Several research firms recently commented on NOC. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and boosted their target price for the stock from $474.00 to $575.00 in a research report on Monday, July 29th. Morgan Stanley raised their price target on Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. UBS Group increased their price objective on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Barclays lifted their target price 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Northrop Grumman currently has an average rating of “Hold” and an average price target of $523.20.

Insider Activity

In related news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following 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 legal filing with the SEC, which is available through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 2,846 shares of company stock worth $1,393,028. 0.22% of the stock is currently owned by insiders.

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.