Northrop Grumman Co. (NYSE:NOC) Position Lessened by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC lowered its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 80.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400 shares of the aerospace company’s stock after selling 1,604 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Northrop Grumman were worth $175,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Accretive Wealth Partners LLC increased its holdings in shares of Northrop Grumman by 10.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 528 shares of the aerospace company’s stock worth $247,000 after acquiring an additional 50 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of Northrop Grumman by 21.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 557 shares of the aerospace company’s stock valued at $241,000 after purchasing an additional 100 shares during the period. Jump Financial LLC raised its holdings in shares of Northrop Grumman by 37.7% during the fourth quarter. Jump Financial LLC now owns 694 shares of the aerospace company’s stock valued at $325,000 after buying an additional 190 shares during the last quarter. Financial Advocates Investment Management acquired a new position in shares of Northrop Grumman during the fourth quarter worth approximately $266,000. Finally, Brown Advisory Inc. grew its holdings in Northrop Grumman by 1.2% in the 4th quarter. Brown Advisory Inc. now owns 14,696 shares of the aerospace company’s stock worth $6,880,000 after buying an additional 181 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Up 0.2 %

NYSE:NOC opened at $521.63 on Thursday. The stock has a fifty day simple moving average of $492.39 and a 200 day simple moving average of $468.88. The firm has a market capitalization of $77.20 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 2.36 and a beta of 0.34. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $528.76. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03.

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, topping the consensus estimate of $5.93 by $0.43. The business had revenue of $10.22 billion for 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 firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $5.34 earnings per share. Sell-side analysts forecast 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. Stockholders of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.58%. Northrop Grumman’s payout ratio is currently 57.62%.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 shares were 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The disclosure for this sale can be found here. Insiders sold a total of 2,846 shares of company stock valued at $1,393,028 over the last quarter. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group cut their target price on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a research note on Tuesday, June 18th. TD Cowen upped their price objective on shares of Northrop Grumman from $440.00 to $515.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Sanford C. Bernstein downgraded shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target on the stock. in a research report on Friday, June 21st. Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and upped their price target for the stock from $474.00 to $575.00 in a research note on Monday, July 29th. Finally, BTIG Research started coverage on Northrop Grumman in a report on Wednesday, June 26th. They set a “buy” rating and a $565.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $523.20.

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.