Northrop Grumman Co. (NYSE:NOC) Holdings Lowered by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC reduced its position in Northrop Grumman Co. (NYSE:NOC) by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,394 shares of the aerospace company’s stock after selling 248 shares during the period. Harbor Investment Advisory LLC’s holdings in Northrop Grumman were worth $1,264,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NOC. Apella Capital LLC purchased a new stake in Northrop Grumman in the 3rd quarter worth about $262,000. Farmers Trust Co. acquired a new position in shares of Northrop Grumman in the 3rd quarter valued at about $204,000. Czech National Bank lifted its position in shares of Northrop Grumman by 5.6% in the third quarter. Czech National Bank now owns 28,004 shares of the aerospace company’s stock worth $14,788,000 after purchasing an additional 1,495 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of Northrop Grumman by 1.2% during the third quarter. Central Pacific Bank Trust Division now owns 4,283 shares of the aerospace company’s stock worth $2,262,000 after purchasing an additional 52 shares during the period. Finally, Trust Co of the South purchased a new position in Northrop Grumman during the third quarter valued at approximately $293,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insiders Place Their Bets

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the company’s 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,846 shares of company stock worth $1,393,028 in the last ninety days. Insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Down 0.2 %

Shares of NYSE:NOC opened at $536.74 on Friday. Northrop Grumman Co. has a 52-week low of $414.56 and a 52-week high of $555.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market cap of $79.43 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.44 and a beta of 0.34. The stock’s 50-day moving average is $513.44 and its 200-day moving average is $474.82.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping the consensus estimate of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same period in the previous year, the business posted $5.34 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts predict that Northrop Grumman Co. will post 25.14 earnings per share for the current year.

Northrop Grumman Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NOC shares. TD Cowen upped their price objective on shares of Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Alembic Global Advisors lowered shares of 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. Royal Bank of Canada upped their price objective 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. Wells Fargo & Company upped 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and upped their price objective for the company from $474.00 to $575.00 in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman has an average rating of “Hold” and an average target price of $523.20.

Northrop Grumman 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.