Northrop Grumman Co. (NYSE:NOC) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC lowered its position in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,295 shares of the aerospace company’s stock after selling 28 shares during the quarter. Prudent Man Advisors LLC’s holdings in Northrop Grumman were worth $579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOC. Lansing Street Advisors acquired a new position in Northrop Grumman in the first quarter worth approximately $25,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $26,000. Duncker Streett & Co. Inc. increased its stake in Northrop Grumman by 88.6% in the 4th quarter. Duncker Streett & Co. Inc. now owns 66 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 31 shares in the last quarter. Rather & Kittrell Inc. acquired a new stake in Northrop Grumman during the 4th quarter worth about $26,000. Finally, Burleson & Company LLC purchased a new stake in Northrop Grumman during the first quarter valued at about $34,000. 84.52% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Down 0.1 %

NYSE NOC opened at $477.59 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. Northrop Grumman Co. has a 12 month low of $344.89 and a 12 month high of $492.30. The company has a market capitalization of $73.89 billion, a PE ratio of 13.29, a P/E/G ratio of 8.82 and a beta of 0.62. The stock has a 50-day simple moving average of $465.74 and a 200 day simple moving average of $444.74.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were given a $1.73 dividend. The ex-dividend date was Friday, May 27th. This represents a $6.92 dividend on an annualized basis and a dividend yield of 1.45%. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.57. Northrop Grumman’s dividend payout ratio is currently 19.26%.

Wall Street Analysts Forecast Growth

NOC has been the topic of several recent analyst reports. StockNews.com downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Robert W. Baird upgraded Northrop Grumman from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $488.00 to $529.00 in a report on Friday, July 29th. Susquehanna Bancshares lifted their price target on Northrop Grumman from $520.00 to $530.00 and gave the stock a “positive” rating in a research report on Friday, July 29th. UBS Group upped their price target on Northrop Grumman from $410.00 to $450.00 in a report on Friday, April 29th. Finally, Argus raised their price target on shares of Northrop Grumman from $420.00 to $495.00 in a research note on Thursday, May 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $468.18.

About Northrop Grumman

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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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