Dynamic Advisor Solutions LLC Has $6.56 Million Stake in Northrop Grumman Co. (NYSE:NOC)

Dynamic Advisor Solutions LLC cut its stake in Northrop Grumman Co. (NYSE:NOC) by 10.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,423 shares of the aerospace company’s stock after selling 1,413 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Northrop Grumman were worth $6,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Capital International Investors boosted its position in shares of Northrop Grumman by 5.6% during the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after buying an additional 621,636 shares during the period. Van ECK Associates Corp boosted its position in Northrop Grumman by 1,915.9% during the 2nd quarter. Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock worth $191,173,000 after acquiring an additional 416,768 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Northrop Grumman by 4.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after acquiring an additional 211,459 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $90,177,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Northrop Grumman in the first quarter worth $83,182,000. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of analyst reports. Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research note on Tuesday, August 27th. Sanford C. Bernstein downgraded Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 target price on the stock. in a research report on Friday, June 21st. Morgan Stanley increased 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. Jefferies Financial Group decreased their price target on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a research note on Tuesday, June 18th. Finally, UBS Group upped 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 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $523.20.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of the firm’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 transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Thomas H. Jones sold 1,389 shares of the 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 sale, the vice president now owns 6,755 shares of the company’s stock, valued at $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,879 shares of company stock valued at $1,410,703. 0.22% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $532.65 on Wednesday. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The company has a market capitalization of $78.83 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.44 and a beta of 0.34. The company has a 50-day simple moving average of $514.57 and a 200 day simple moving average of $475.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11.

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

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.55%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s payout ratio is 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.