Telos Capital Management Inc. Has $15.65 Million Stock Position in Northrop Grumman Co. (NYSE:NOC)

Telos Capital Management Inc. cut its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,633 shares of the aerospace company’s stock after selling 74 shares during the period. Northrop Grumman accounts for approximately 1.6% of Telos Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Telos Capital Management Inc.’s holdings in Northrop Grumman were worth $15,648,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Optimum Investment Advisors raised its stake in shares of Northrop Grumman by 241.2% during the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after buying an additional 41 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Northrop Grumman during the second quarter worth approximately $28,000. Meeder Asset Management Inc. raised its stake in shares of Northrop Grumman by 245.5% during the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Northrop Grumman during the first quarter worth approximately $47,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Northrop Grumman during the second quarter worth approximately $47,000. Institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NOC shares. BTIG Research started coverage on shares of Northrop Grumman in a research note on Wednesday, June 26th. They issued a “buy” rating and a $565.00 target price for the company. Citigroup upped their target price on shares of Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada upped their target price on shares of Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Wells Fargo & Company upped their target price on shares of Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $535.00.

Northrop Grumman Stock Performance

Shares of NOC opened at $529.65 on Tuesday. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The firm has a fifty day simple moving average of $522.30 and a 200 day simple moving average of $479.58. The stock has a market capitalization of $78.38 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.44 and a beta of 0.34. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping the consensus estimate of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The business had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter in the prior year, the company posted $5.34 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Research analysts forecast that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

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

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 4,634 shares in the company, valued at $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction 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 sale, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,879 shares of company stock worth $1,410,703 over the last quarter. 0.22% of the stock is currently owned by insiders.

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.