Hudson Valley Investment Advisors Inc. ADV Cuts Stock Position in Northrop Grumman Co. (NYSE:NOC)

Hudson Valley Investment Advisors Inc. ADV reduced its stake in Northrop Grumman Co. (NYSE:NOC) by 11.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,467 shares of the aerospace company’s stock after selling 450 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Northrop Grumman were worth $1,120,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Thoroughbred Financial Services LLC grew its stake in Northrop Grumman by 30,736.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 785,405 shares of the aerospace company’s stock valued at $78,540,000 after buying an additional 782,858 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Northrop Grumman by 354.2% during the 1st quarter. SG Americas Securities LLC now owns 158,112 shares of the aerospace company’s stock worth $42,627,000 after acquiring an additional 123,300 shares during the period. Ellis Investment Partners LLC bought a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $111,000. Clark Capital Management Group Inc. bought a new stake in shares of Northrop Grumman during the 1st quarter worth approximately $22,115,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Northrop Grumman by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,002,473 shares of the aerospace company’s stock worth $489,450,000 after acquiring an additional 56,098 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on NOC shares. Barclays upped their price target on shares of Northrop Grumman from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Robert W. Baird upped their price objective on shares of Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. ValuEngine upgraded shares of Northrop Grumman from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Morgan Stanley upgraded shares of Northrop Grumman from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $335.00 to $418.00 in a research report on Tuesday, August 6th. Finally, Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $345.93.

In other Northrop Grumman news, VP Patrick M. Antkowiak sold 1,932 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $310.00, for a total transaction of $598,920.00. Following the transaction, the vice president now directly owns 5,208 shares of the company’s stock, valued at approximately $1,614,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Madeleine Kleiner sold 971 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $315.16, for a total transaction of $306,020.36. Following the sale, the director now directly owns 16,675 shares of the company’s stock, valued at approximately $5,255,293. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,740 shares of company stock worth $5,087,496. 0.45% of the stock is owned by insiders.

NOC opened at $365.22 on Friday. Northrop Grumman Co. has a fifty-two week low of $223.63 and a fifty-two week high of $377.34. The company’s 50-day moving average is $338.57 and its 200 day moving average is $302.27. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.25 and a quick ratio of 1.15. The firm has a market capitalization of $62.72 billion, a P/E ratio of 17.12, a PEG ratio of 1.52 and a beta of 0.81.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.64 by $0.42. Northrop Grumman had a net margin of 9.80% and a return on equity of 42.21%. The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.41 billion. During the same period in the previous year, the business posted $4.50 EPS. The business’s quarterly revenue was up 18.8% on a year-over-year basis. On average, equities research analysts expect that Northrop Grumman Co. will post 19.63 earnings per share for the current year.

Northrop Grumman Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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