Northrop Grumman Co. (NYSE:NOC) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC lowered its position in shares of Northrop Grumman Co. (NYSE:NOC) by 7.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 22,968 shares of the aerospace company’s stock after selling 1,959 shares during the quarter. Curi RMB Capital LLC’s holdings in Northrop Grumman were worth $12,129,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NOC. AIA Group Ltd raised its holdings in shares of Northrop Grumman by 20.0% during the third quarter. AIA Group Ltd now owns 7,458 shares of the aerospace company’s stock worth $3,938,000 after purchasing an additional 1,242 shares during the last quarter. Aviso Wealth Management lifted its position in shares of Northrop Grumman by 110.7% during the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after buying an additional 996 shares in the last quarter. Susquehanna International Securities Ltd. acquired a new stake in shares of Northrop Grumman in the second quarter valued at about $1,133,000. GAMMA Investing LLC grew its holdings in shares of Northrop Grumman by 133.9% during the second quarter. GAMMA Investing LLC now owns 2,248 shares of the aerospace company’s stock worth $980,000 after buying an additional 1,287 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd acquired a new stake in Northrop Grumman in the 3rd quarter valued at about $10,208,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Down 3.9 %

NYSE NOC opened at $500.34 on Friday. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The firm has a 50-day moving average price of $524.08 and a 200 day moving average price of $486.03. The stock has a market capitalization of $72.90 billion, a P/E ratio of 31.00, a P/E/G ratio of 1.05 and a beta of 0.35. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same period in the previous year, the business earned $6.18 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Northrop Grumman Co. will post 25.95 EPS for the current year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

Insider Activity at Northrop Grumman

In related news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the completion of the transaction, the vice president now directly owns 537 shares in the company, valued at $286,183.41. The trade was a 68.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 1,289 shares of company stock valued at $685,273 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

NOC has been the subject of several analyst reports. Susquehanna upped their target price on Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and boosted their target price for the stock from $474.00 to $575.00 in a research note on Monday, July 29th. Alembic Global Advisors lowered Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research report on Tuesday, August 27th. Barclays raised their target price on shares of Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $550.56.

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.