Bard Financial Services Inc. Has $248,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Bard Financial Services Inc. cut its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 77.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 470 shares of the aerospace company’s stock after selling 1,580 shares during the quarter. Bard Financial Services Inc.’s holdings in Northrop Grumman were worth $248,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ascent Group LLC raised its holdings in shares of Northrop Grumman by 0.5% in the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after buying an additional 20 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its stake in shares of Northrop Grumman by 4.6% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock worth $218,000 after acquiring an additional 22 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its position in shares of Northrop Grumman by 1.5% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,467 shares of the aerospace company’s stock worth $640,000 after purchasing an additional 22 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of Northrop Grumman by 2.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock valued at $462,000 after purchasing an additional 23 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its holdings in shares of Northrop Grumman by 1.1% in the second quarter. Capital Investment Advisors LLC now owns 2,068 shares of the aerospace company’s stock valued at $902,000 after purchasing an additional 23 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 6,755 shares in the company, valued at $3,225,917.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction 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 sale, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,846 shares of company stock valued at $1,393,028. 0.22% of the stock is currently owned by corporate insiders.

Northrop Grumman Price Performance

Shares of NYSE:NOC traded down $0.84 during trading on Friday, reaching $536.74. 393,951 shares of the company traded hands, compared to its average volume of 891,192. The firm has a market capitalization of $79.43 billion, a PE ratio of 37.53, a PEG ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $555.57. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average is $513.44 and its two-hundred day moving average is $474.82.

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

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is presently 57.62%.

Analyst Upgrades and Downgrades

NOC has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Jefferies Financial Group dropped their price target on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a research note on Tuesday, June 18th. Wells Fargo & Company raised their price objective on shares of Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Morgan Stanley upped their target price on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, UBS Group lifted their price objective on Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.