AE Wealth Management LLC decreased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 22.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,132 shares of the aerospace company’s stock after selling 1,485 shares during the quarter. AE Wealth Management LLC’s holdings in Northrop Grumman were worth $2,339,000 at the end of the quarter.
Other large investors also recently added to or reduced their stakes in the company. Bbjs Financial Advisors LLC bought a new stake in Northrop Grumman during the 4th quarter valued at $27,000. ST Germain D J Co. Inc. bought a new stake in shares of Northrop Grumman during the 4th quarter valued at $27,000. State of Wyoming lifted its holdings in Northrop Grumman by 76.5% during the 4th quarter. State of Wyoming now owns 60 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 26 shares in the last quarter. Sageworth Trust Co boosted its stake in Northrop Grumman by 1,440.0% in the 1st quarter. Sageworth Trust Co now owns 77 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 72 shares during the period. Finally, AXS Investments LLC bought a new stake in shares of Northrop Grumman during the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 82.40% of the company’s stock.
Analysts have recently commented on NOC shares. Sanford C. Bernstein cut their price objective on shares of Northrop Grumman from $581.00 to $569.00 in a research report. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target. StockNews.com downgraded Northrop Grumman from a “buy” rating to a “hold” rating. Wells Fargo & Company decreased their target price on Northrop Grumman. Finally, Citigroup dropped their price target on Northrop Grumman. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock.
Shares of NYSE NOC opened at $424.90 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.20 and a debt-to-equity ratio of 0.89. Northrop Grumman Co. has a 52 week low of $416.71 and a 52 week high of $556.27. The company has a market cap of $64.29 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 4.76 and a beta of 0.52.
Northrop Grumman last posted its earnings results on Thursday, July 27th. The aerospace company reported $5.34 earnings per share for the quarter, topping analysts’ consensus estimates. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates. Northrop Grumman had a net margin of 12.27% and a return on equity of 24.90%. On average, equities research analysts expect that Northrop Grumman Co. will post 22.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend. Investors of record on Monday, August 28th were paid a $1.87 dividend. This represents a $7.48 dividend and a yield of 1.76%. The ex-dividend date was Friday, August 25th. Northrop Grumman’s payout ratio is 24.78%.
In other news, VP Mark A. Caylor sold 1,670 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $437.87, for a total value of $731,242.90. Following the completion of the sale, the vice president now directly owns 14,570 shares of the company’s stock, valued at approximately $6,379,765.90. The transaction was disclosed in a filing with the SEC.
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. 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.