B. Riley Wealth Advisors Inc. Has $3.63 Million Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

B. Riley Wealth Advisors Inc. reduced its position in Northrop Grumman Co. (NYSE:NOC) by 8.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,334 shares of the aerospace company’s stock after selling 734 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Northrop Grumman were worth $3,633,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOC. Optimum Investment Advisors boosted its stake in shares of Northrop Grumman by 241.2% during the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 41 shares during the period. Bank & Trust Co acquired a new position in shares of Northrop Grumman in the second quarter valued at $28,000. Meeder Asset Management Inc. increased its holdings 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 purchasing an additional 54 shares during the last quarter. Rise Advisors LLC bought a new position in shares of Northrop Grumman in the first quarter valued at about $38,000. Finally, Riverview Trust Co acquired a new stake in shares of Northrop Grumman during the 1st quarter worth about $47,000. Institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman 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 value of $663,330.84. Following the completion of the sale, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction dated 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 of the company’s stock, valued at approximately $3,225,917.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,846 shares of company stock worth $1,393,028. 0.22% of the stock is currently owned by insiders.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $528.07 on Tuesday. 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 stock has a market cap of $78.15 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $534.61. The stock has a fifty day moving average of $507.01 and a 200-day moving average of $472.78.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping the consensus estimate of $5.93 by $0.43. The company 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%. Northrop Grumman’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.34 earnings per share. Equities research analysts anticipate that Northrop Grumman Co. will post 25.14 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed 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 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 is currently 57.62%.

Analyst Upgrades and Downgrades

NOC has been the topic of several research analyst reports. Sanford C. Bernstein cut 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 report on Friday, June 21st. Jefferies Financial Group dropped their price target on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a report on Tuesday, June 18th. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Wells Fargo & Company boosted their target price on shares of Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, Barclays raised their price target 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 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 company. According to MarketBeat, Northrop Grumman has a consensus rating of “Hold” and an average 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.