Attessa Capital LLC Sells 520 Shares of Northrop Grumman Co. (NYSE:NOC)

Attessa Capital LLC reduced its stake in Northrop Grumman Co. (NYSE:NOC - Free Report) by 38.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 848 shares of the aerospace company's stock after selling 520 shares during the quarter. Northrop Grumman comprises 0.3% of Attessa Capital LLC's holdings, making the stock its 23rd largest position. Attessa Capital LLC's holdings in Northrop Grumman were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Salvus Wealth Management LLC increased its position in shares of Northrop Grumman by 1.5% in the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock worth $691,000 after purchasing an additional 20 shares during the period. Sapient Capital LLC increased its holdings in Northrop Grumman by 1.1% in the 4th quarter. Sapient Capital LLC now owns 2,049 shares of the aerospace company's stock valued at $962,000 after buying an additional 22 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in Northrop Grumman by 2.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock valued at $472,000 after buying an additional 22 shares during the period. Jacobi Capital Management LLC increased its holdings in Northrop Grumman by 1.2% in the 4th quarter. Jacobi Capital Management LLC now owns 1,987 shares of the aerospace company's stock valued at $933,000 after buying an additional 23 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in Northrop Grumman by 1.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,050 shares of the aerospace company's stock valued at $962,000 after buying an additional 24 shares during the period. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Up 1.5%

NYSE NOC traded up $7.52 on Thursday, reaching $495.98. The company had a trading volume of 440,943 shares, compared to its average volume of 1,064,452. The business has a 50 day moving average of $490.15 and a two-hundred day moving average of $482.34. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The firm has a market cap of $71.39 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 3.73 and a beta of 0.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.01 and a quick ratio of 0.91.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $10.07 billion. Analysts forecast that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be paid a $2.31 dividend. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Monday, June 2nd. Northrop Grumman's dividend payout ratio is currently 36.46%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NOC. UBS Group decreased their price objective on shares of Northrop Grumman from $583.00 to $571.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 target price on Northrop Grumman and gave the company an "overweight" rating in a research report on Thursday, April 24th. Wall Street Zen lowered shares of Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. The Goldman Sachs Group raised shares of Northrop Grumman from a "sell" rating to a "neutral" rating and lifted their price target for the company from $424.00 to $521.00 in a report on Friday, April 11th. Finally, Morgan Stanley boosted their target price on shares of Northrop Grumman from $580.00 to $625.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $545.31.

Insider Activity

In other Northrop Grumman news, VP Roshan S. Roeder sold 991 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total transaction of $485,590.00. Following the sale, the vice president now owns 319 shares of the company's stock, valued at approximately $156,310. This represents a 75.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 1,090 shares of company stock valued at $533,853. 0.23% of the stock is currently owned by insiders.

Northrop Grumman 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.