Sawtooth Solutions LLC Has $1.21 Million Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Sawtooth Solutions LLC decreased its stake in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 43.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,698 shares of the aerospace company’s stock after selling 2,084 shares during the period. Sawtooth Solutions LLC’s holdings in Northrop Grumman were worth $1,207,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NOC. Covestor Ltd bought a new stake in shares of Northrop Grumman during the fourth quarter worth $59,000. Great Valley Advisor Group Inc. increased its position in shares of Northrop Grumman by 2.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 1,774 shares of the aerospace company’s stock worth $680,000 after acquiring an additional 38 shares in the last quarter. Csenge Advisory Group increased its position in shares of Northrop Grumman by 3.4% during the fourth quarter. Csenge Advisory Group now owns 1,615 shares of the aerospace company’s stock worth $594,000 after acquiring an additional 53 shares in the last quarter. Fort L.P. bought a new stake in shares of Northrop Grumman during the fourth quarter worth $543,000. Finally, Equitable Holdings Inc. increased its position in shares of Northrop Grumman by 3.1% during the fourth quarter. Equitable Holdings Inc. now owns 1,852 shares of the aerospace company’s stock worth $717,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 83.91% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $484.88 on Thursday. The stock has a market cap of $75.02 billion, a P/E ratio of 13.50, a P/E/G ratio of 8.65 and a beta of 0.61. 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 company has a fifty day moving average price of $474.82 and a two-hundred day moving average price of $462.97. Northrop Grumman Co. has a one year low of $344.89 and a one year high of $497.20.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Monday, August 29th were paid a $1.73 dividend. 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 dividend payout ratio is currently 19.26%.

Analyst Upgrades and Downgrades

NOC has been the subject of several research reports. Morgan Stanley increased their price objective on shares of Northrop Grumman from $521.00 to $530.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 12th. Susquehanna raised their target price on shares of Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a research report on Wednesday, August 31st. Susquehanna Bancshares raised their target price on shares of Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a research report on Wednesday, August 31st. Royal Bank of Canada assumed coverage on shares of Northrop Grumman in a research report on Monday, August 29th. They issued a “sector perform” rating and a $550.00 target price for the company. Finally, StockNews.com downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Northrop Grumman currently has an average 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 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 completion of the sale, the chief executive officer now owns 134,583 shares in the company, valued at $64,851,510.21. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Kathy J. Warden sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 134,583 shares in the company, valued at approximately $64,851,510.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Thomas L. Wilson, Jr. sold 582 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $482.00, for a total transaction of $280,524.00. Following the sale, the vice president now owns 2,094 shares of the company’s stock, valued at approximately $1,009,308. The disclosure for this sale can be found here. Insiders sold a total of 14,607 shares of company stock worth $7,007,034 over the last quarter. 0.25% of the stock is currently owned by insiders.

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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