Northrop Grumman Co. (NYSE:NOC) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. trimmed its position in shares of Northrop Grumman Co. (NYSE:NOC) by 17.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 903 shares of the aerospace company’s stock after selling 194 shares during the quarter. Atomi Financial Group Inc.’s holdings in Northrop Grumman were worth $432,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. SRS Capital Advisors Inc. grew its stake in shares of Northrop Grumman by 960.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after buying an additional 48 shares during the period. Headlands Technologies LLC purchased a new position in Northrop Grumman in the fourth quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in Northrop Grumman during the fourth quarter worth $29,000. McIlrath & Eck LLC raised its position in Northrop Grumman by 247.6% in the fourth quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 52 shares during the period. Finally, Rise Advisors LLC acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE:NOC traded up $0.10 on Monday, reaching $432.34. 371,478 shares of the company were exchanged, compared to its average volume of 969,066. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average of $446.78 and a 200-day moving average of $456.99. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $496.89. The firm has a market cap of $63.98 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.02 and a beta of 0.33.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, topping analysts’ consensus estimates of $5.83 by $0.49. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the business earned $5.50 earnings per share. Northrop Grumman’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts forecast that Northrop Grumman Co. will post 24.7 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were given a $2.06 dividend. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.87. This represents a $8.24 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, May 24th. Northrop Grumman’s dividend payout ratio is currently 57.62%.

Analyst Ratings Changes

A number of brokerages have issued reports on NOC. Jefferies Financial Group cut their price target on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a research note on Tuesday, June 18th. Sanford C. Bernstein lowered shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 target price on the stock. in a report on Friday, June 21st. BTIG Research began coverage on shares of Northrop Grumman in a research note on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price target for the company. Robert W. Baird increased their price objective on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Finally, Susquehanna boosted their target price on Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $510.36.

About Northrop Grumman

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.