Northrop Grumman Co. (NYSE:NOC) Shares Sold by L & S Advisors Inc

L & S Advisors Inc cut its holdings in Northrop Grumman Co. (NYSE:NOC) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,229 shares of the aerospace company’s stock after selling 1,947 shares during the quarter. L & S Advisors Inc’s holdings in Northrop Grumman were worth $6,108,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Sumitomo Life Insurance Co. boosted its stake in Northrop Grumman by 4.4% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 7,221 shares of the aerospace company’s stock worth $1,854,000 after purchasing an additional 305 shares in the last quarter. NGAM Advisors L.P. lifted its stake in Northrop Grumman by 46.7% during the 2nd quarter. NGAM Advisors L.P. now owns 91,610 shares of the aerospace company’s stock valued at $23,517,000 after acquiring an additional 29,166 shares during the period. IBM Retirement Fund lifted its stake in Northrop Grumman by 112.5% during the 2nd quarter. IBM Retirement Fund now owns 3,946 shares of the aerospace company’s stock valued at $1,132,000 after acquiring an additional 2,089 shares during the period. Harbour Capital Advisors LLC lifted its stake in Northrop Grumman by 25,571.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 116,033 shares of the aerospace company’s stock valued at $452,000 after acquiring an additional 115,581 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Northrop Grumman by 21.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 19,500 shares of the aerospace company’s stock valued at $5,006,000 after acquiring an additional 3,447 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on NOC. Vertical Research restated a “buy” rating and set a $296.00 target price (up previously from $280.00) on shares of Northrop Grumman in a research note on Wednesday, September 20th. Royal Bank of Canada upped their target price on shares of Northrop Grumman from $324.00 to $347.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Deutsche Bank restated a “buy” rating and set a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Goldman Sachs Group set a $320.00 price target on shares of Northrop Grumman and gave the company a “buy” rating in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Northrop Grumman has a consensus rating of “Buy” and a consensus price target of $298.67.

In other news, VP Denise M. Peppard sold 2,328 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the transaction, the vice president now directly owns 28,553 shares in the company, valued at approximately $8,590,455.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Gloria A. Flach sold 7,741 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $296.45, for a total value of $2,294,819.45. Following the transaction, the chief operating officer now owns 77,200 shares of the company’s stock, valued at $22,885,940. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,417 shares of company stock valued at $6,365,189. Insiders own 0.70% of the company’s stock.

Northrop Grumman Co. (NYSE:NOC) traded down $1.38 during trading on Friday, reaching $306.91. 430,711 shares of the company traded hands, compared to its average volume of 703,991. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. Northrop Grumman Co. has a one year low of $223.88 and a one year high of $311.15. The stock has a market cap of $53,666.66, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 3.10 and a beta of 0.69.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.76. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the firm posted $3.35 EPS. The company’s revenue was up 6.0% on a year-over-year basis. analysts predict that Northrop Grumman Co. will post 13.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is currently 29.81%.

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Northrop Grumman Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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