Radnor Capital Management LLC Sells 1,714 Shares of Northrop Grumman Co. (NYSE:NOC)

Radnor Capital Management LLC decreased its stake in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 46.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,986 shares of the aerospace company's stock after selling 1,714 shares during the period. Radnor Capital Management LLC's holdings in Northrop Grumman were worth $1,017,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. SeaCrest Wealth Management LLC boosted its stake in shares of Northrop Grumman by 3.9% during the 1st quarter. SeaCrest Wealth Management LLC now owns 1,159 shares of the aerospace company's stock valued at $593,000 after purchasing an additional 44 shares in the last quarter. Procyon Advisors LLC boosted its stake in shares of Northrop Grumman by 43.5% during the 1st quarter. Procyon Advisors LLC now owns 8,506 shares of the aerospace company's stock valued at $4,355,000 after purchasing an additional 2,580 shares in the last quarter. Permanent Capital Management LP boosted its stake in shares of Northrop Grumman by 41.1% during the 1st quarter. Permanent Capital Management LP now owns 717 shares of the aerospace company's stock valued at $367,000 after purchasing an additional 209 shares in the last quarter. AGH Wealth Advisors LLC bought a new stake in shares of Northrop Grumman during the 1st quarter valued at about $208,000. Finally, Intellectus Partners LLC boosted its stake in shares of Northrop Grumman by 105.5% during the 1st quarter. Intellectus Partners LLC now owns 2,825 shares of the aerospace company's stock valued at $1,446,000 after purchasing an additional 1,450 shares in the last quarter. Institutional investors own 83.40% of the company's stock.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Roshan S. Roeder sold 991 shares of the company's stock in a transaction that occurred 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 completion of the sale, the vice president now directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 1,057 shares of company stock valued at $517,733. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NOC shares. Royal Bank of Canada dropped their price objective on shares of Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of Northrop Grumman from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Wells Fargo & Company set a $525.00 price objective on shares of Northrop Grumman and gave the stock an "overweight" rating in a research note on Thursday, April 24th. UBS Group dropped 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. Finally, Truist Financial dropped their price objective on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Northrop Grumman currently has an average rating of "Moderate Buy" and an average target price of $545.31.

Northrop Grumman Stock Up 0.3%

NOC opened at $489.55 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average price of $491.04 and a 200-day moving average price of $482.45. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The stock has a market capitalization of $70.46 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 3.73 and a beta of 0.14.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $10.07 billion. Equities research analysts forecast that Northrop Grumman Co. will post 28.05 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be issued a dividend of $2.31 per share. This is a boost from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, June 2nd. Northrop Grumman's dividend payout ratio is currently 36.46%.

Northrop Grumman Company 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.

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