Stratos Wealth Partners LTD. reduced its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 9.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,667 shares of the aerospace company's stock after selling 592 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Northrop Grumman were worth $2,902,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new stake in shares of Northrop Grumman in the fourth quarter valued at about $32,000. Bellwether Advisors LLC purchased a new position in Northrop Grumman during the 4th quarter valued at about $33,000. HWG Holdings LP bought a new stake in shares of Northrop Grumman in the 1st quarter valued at about $46,000. Wayfinding Financial LLC purchased a new stake in shares of Northrop Grumman in the 1st quarter worth approximately $47,000. Finally, Rakuten Securities Inc. lifted its position in shares of Northrop Grumman by 291.7% in the 4th quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company's stock worth $44,000 after purchasing an additional 70 shares during the period. 83.40% of the stock is owned by institutional investors.
Insider Transactions at Northrop Grumman
In related news, VP Roshan S. Roeder sold 991 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total value of $485,590.00. Following the transaction, the vice president owned 319 shares in the company, valued at approximately $156,310. This represents a 75.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Fleming sold 3,500 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the completion of the sale, the vice president directly owned 1,827 shares in the company, valued at $924,041.79. This trade represents a 65.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,569 shares of company stock worth $8,323,150. 0.23% of the stock is owned by company insiders.
Northrop Grumman Stock Up 0.6%
NYSE:NOC opened at $507.71 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a twelve month low of $422.69 and a twelve month high of $555.57. The company has a market cap of $73.07 billion, a PE ratio of 20.04, a P/E/G ratio of 5.52 and a beta of 0.15. The company's 50 day moving average is $488.32 and its two-hundred day moving average is $484.93.
Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). Northrop Grumman had a net margin of 9.19% and a return on equity of 25.46%. The company had revenue of $9.47 billion for the quarter, compared to analysts' expectations of $10.07 billion. Analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.
Northrop Grumman Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a dividend of $2.31 per share. This is an increase from Northrop Grumman's previous quarterly dividend of $2.06. The ex-dividend date was Monday, June 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.82%. Northrop Grumman's payout ratio is 36.46%.
Analysts Set New Price Targets
A number of research firms have weighed in on NOC. UBS Group lowered their target price on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Susquehanna decreased their price objective on Northrop Grumman from $557.00 to $540.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley lifted their target price on Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Wall Street Zen downgraded shares of Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group upgraded shares of Northrop Grumman from a "sell" rating to a "neutral" rating and raised their price target for the company from $424.00 to $521.00 in a report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $550.00.
Read Our Latest Analysis on Northrop Grumman
Northrop Grumman Company Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Northrop Grumman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northrop Grumman wasn't on the list.
While Northrop Grumman currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.