James Hambro & Partners LLP Reduces Holdings in Northrop Grumman Co. (NYSE:NOC)

James Hambro & Partners LLP trimmed its holdings in Northrop Grumman Co. (NYSE:NOC) by 21.1% in the 3rd quarter, Holdings Channel reports. The fund owned 1,207 shares of the aerospace company’s stock after selling 322 shares during the quarter. James Hambro & Partners LLP’s holdings in Northrop Grumman were worth $637,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NOC. Brown Lisle Cummings Inc. boosted its holdings in Northrop Grumman by 88.6% in the third quarter. Brown Lisle Cummings Inc. now owns 3,215 shares of the aerospace company’s stock worth $1,698,000 after acquiring an additional 1,510 shares in the last quarter. Cyndeo Wealth Partners LLC grew its position in Northrop Grumman by 10.5% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 928 shares of the aerospace company’s stock valued at $490,000 after purchasing an additional 88 shares during the last quarter. Pure Portfolios Holdings LLC purchased a new position in Northrop Grumman in the third quarter worth about $490,000. CNB Bank raised its holdings in Northrop Grumman by 5.6% in the third quarter. CNB Bank now owns 2,052 shares of the aerospace company’s stock worth $1,084,000 after buying an additional 108 shares during the last quarter. Finally, Cedrus LLC purchased a new stake in shares of Northrop Grumman during the third quarter valued at approximately $202,000. Institutional investors own 83.40% of the company’s stock.

Insider Activity

In other news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the sale, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,879 shares of company stock worth $1,410,703. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Down 0.4 %

Shares of NYSE:NOC traded down $2.19 during trading on Monday, reaching $528.60. 145,083 shares of the company were exchanged, compared to its average volume of 871,823. The firm has a market capitalization of $78.23 billion, a PE ratio of 37.12, a P/E/G ratio of 2.44 and a beta of 0.34. The business’s fifty day simple moving average is $521.74 and its 200-day simple moving average is $479.08. Northrop Grumman Co. has a 12-month low of $418.60 and a 12-month high of $555.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The firm had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same period last year, the firm earned $5.34 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, research analysts anticipate that Northrop Grumman Co. will post 25.16 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.56%. Northrop Grumman’s dividend payout ratio is presently 57.62%.

Analyst Upgrades and Downgrades

NOC has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on shares of Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Royal Bank of Canada increased their price objective on shares of Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and upped their target price for the company from $474.00 to $575.00 in a research report on Monday, July 29th. Finally, TD Cowen upgraded shares of Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $535.00.

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.