Intellectus Partners LLC Sells 76 Shares of Northrop Grumman Co. (NYSE:NOC)

Intellectus Partners LLC reduced its stake in Northrop Grumman Co. (NYSE:NOC) by 2.2% during the second quarter, HoldingsChannel.com reports. The firm owned 3,340 shares of the aerospace company’s stock after selling 76 shares during the quarter. Intellectus Partners LLC’s holdings in Northrop Grumman were worth $1,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. OLD Mission Capital LLC purchased a new position in Northrop Grumman in the 3rd quarter worth approximately $5,643,000. E Fund Management Co. Ltd. purchased a new position in Northrop Grumman in the 1st quarter worth approximately $88,000. Advisors Capital Management LLC raised its holdings in Northrop Grumman by 58.3% in the 1st quarter. Advisors Capital Management LLC now owns 1,121 shares of the aerospace company’s stock worth $362,000 after acquiring an additional 413 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Northrop Grumman by 22.2% in the 1st quarter. Quadrant Capital Group LLC now owns 816 shares of the aerospace company’s stock worth $264,000 after acquiring an additional 148 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in Northrop Grumman by 49.1% during the 1st quarter. Ensign Peak Advisors Inc now owns 52,565 shares of the aerospace company’s stock valued at $17,012,000 after buying an additional 17,308 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:NOC traded up $1.51 during midday trading on Thursday, hitting $390.21. The company had a trading volume of 2,039 shares, compared to its average volume of 900,240. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.49 and a quick ratio of 1.39. The company has a market cap of $62.48 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.59 and a beta of 0.84. Northrop Grumman Co. has a 12-month low of $282.88 and a 12-month high of $396.58. The company has a fifty day moving average of $363.59 and a two-hundred day moving average of $361.05.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, July 29th. The aerospace company reported $6.42 earnings per share for the quarter, topping the consensus estimate of $5.75 by $0.67. The company had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $8.71 billion. Northrop Grumman had a net margin of 12.10% and a return on equity of 39.32%. Research analysts expect that Northrop Grumman Co. will post 24.83 earnings per share for the current fiscal year.

The company also recently announced a dividend, which was paid on Thursday, September 2nd. Investors of record on Monday, August 23rd were issued a $0.14 dividend. This represents a yield of 0.15%. The ex-dividend date of this dividend was Friday, August 20th. Northrop Grumman’s dividend payout ratio is currently 26.55%.

NOC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $392.00 target price for the company in a research note on Wednesday, October 6th. The Goldman Sachs Group upgraded shares of Northrop Grumman from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research note on Thursday, September 23rd. Seaport Global Securities boosted their target price on shares of Northrop Grumman from $398.00 to $419.00 and gave the company a “buy” rating in a research note on Monday, July 19th. Finally, Wells Fargo & Company boosted their target price on shares of Northrop Grumman from $330.00 to $335.00 and gave the company an “underweight” rating in a research note on Monday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Northrop Grumman currently has a consensus rating of “Buy” and a consensus target price of $395.10.

In other news, VP Thomas H. Jones sold 235 shares of the company’s stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $370.00, for a total transaction of $86,950.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Mary D. Petryszyn sold 892 shares of the company’s stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $358.65, for a total transaction of $319,915.80. Following the sale, the vice president now owns 12,991 shares in the company, valued at $4,659,222.15. The disclosure for this sale can be found here. Insiders sold a total of 1,597 shares of company stock valued at $576,700 in the last ninety days. 0.25% of the stock is currently owned by insiders.

About Northrop Grumman

Northrop Grumman Corp. is an aerospace and defense company, which engages in the provision of security businesses. It creates and delivers platforms, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.

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

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