EP Wealth Advisors LLC Cuts Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

EP Wealth Advisors LLC trimmed its position in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 12.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,897 shares of the aerospace company’s stock after selling 2,054 shares during the quarter. EP Wealth Advisors LLC’s holdings in Northrop Grumman were worth $6,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors lifted its holdings in Northrop Grumman by 12.0% during the first quarter. Capital World Investors now owns 733,172 shares of the aerospace company’s stock valued at $327,889,000 after purchasing an additional 78,742 shares during the last quarter. Capital International Sarl purchased a new stake in Northrop Grumman during the first quarter valued at about $8,062,000. Magnolia Wealth Management LLC purchased a new stake in Northrop Grumman during the first quarter valued at about $668,000. Cape ANN Savings Bank lifted its holdings in Northrop Grumman by 0.8% during the first quarter. Cape ANN Savings Bank now owns 2,676 shares of the aerospace company’s stock valued at $1,197,000 after purchasing an additional 22 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in Northrop Grumman by 45.0% during the first quarter. Nomura Holdings Inc. now owns 3,353 shares of the aerospace company’s stock valued at $1,524,000 after purchasing an additional 1,040 shares during the last quarter. 83.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NOC shares. Royal Bank of Canada started coverage on Northrop Grumman in a research report on Monday, August 29th. They set a “sector perform” rating and a $550.00 price target on the stock. Susquehanna upped their price target on Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a research report on Wednesday, August 31st. Cowen set a $510.00 price target on Northrop Grumman in a research report on Tuesday, July 19th. StockNews.com cut Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Finally, Susquehanna Bancshares upped their price target on Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a research report on Wednesday, August 31st. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Hold” and a consensus target price of $487.75.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $481.87, for a total transaction of $4,818,700.00. Following the transaction, the chief executive officer now directly owns 134,583 shares in the company, valued at $64,851,510.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Thomas L. Wilson, Jr. sold 582 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $482.00, for a total transaction of $280,524.00. Following the completion of the sale, the vice president now owns 2,094 shares of the company’s stock, valued at $1,009,308. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Kathy J. Warden sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $481.87, for a total value of $4,818,700.00. Following the sale, the chief executive officer now directly owns 134,583 shares of the company’s stock, valued at approximately $64,851,510.21. The disclosure for this sale can be found here. Insiders have sold 14,607 shares of company stock worth $7,007,034 over the last ninety days. Insiders own 0.25% of the company’s stock.

Northrop Grumman Stock Up 3.4 %

Shares of NYSE NOC opened at $484.88 on Thursday. Northrop Grumman Co. has a one year low of $344.89 and a one year high of $497.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 1.20. The firm’s 50 day simple moving average is $474.82 and its two-hundred day simple moving average is $462.97. The stock has a market capitalization of $75.02 billion, a P/E ratio of 13.50, a PEG ratio of 8.65 and a beta of 0.61.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Monday, August 29th were given a dividend of $1.73 per share. This represents a $6.92 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, August 26th. Northrop Grumman’s payout ratio is currently 19.26%.

Northrop Grumman Profile

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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. 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.

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

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