Northrop Grumman Co. (NYSE:NOC) Shares Sold by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC cut its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,439 shares of the aerospace company’s stock after selling 40 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Northrop Grumman were worth $760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Trueblood Wealth Management LLC bought a new stake in Northrop Grumman in the third quarter valued at about $232,000. Canal Capital Management LLC acquired a new stake in shares of Northrop Grumman during the third quarter worth $218,000. Ballentine Partners LLC boosted its holdings in shares of Northrop Grumman by 12.6% in the 3rd quarter. Ballentine Partners LLC now owns 1,425 shares of the aerospace company’s stock valued at $753,000 after buying an additional 159 shares during the period. Silver Oak Securities Incorporated bought a new stake in shares of Northrop Grumman during the 3rd quarter valued at about $392,000. Finally, Moody Lynn & Lieberson LLC lifted its holdings in Northrop Grumman by 0.7% in the third quarter. Moody Lynn & Lieberson LLC now owns 13,056 shares of the aerospace company’s stock worth $6,894,000 after acquiring an additional 90 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 0.8 %

Shares of NYSE:NOC opened at $519.35 on Friday. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market cap of $75.95 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.34. The firm has a 50 day simple moving average of $523.28 and a 200 day simple moving average of $480.60.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.18 earnings per share. As a group, research analysts expect that Northrop Grumman Co. will post 25.16 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.59%. Northrop Grumman’s dividend payout ratio is 53.79%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,490 shares of company stock valued at $747,372 over the last three months. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NOC has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Wells Fargo & Company lifted their target price on Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a research note on Friday. Susquehanna raised their price target on Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a report on Friday. Barclays upped their price objective on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Alembic Global Advisors cut Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $547.44.

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.