SFE Investment Counsel Sells 58 Shares of Northrop Grumman Co. (NYSE:NOC)

SFE Investment Counsel decreased its position in Northrop Grumman Co. (NYSE:NOC) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,330 shares of the aerospace company’s stock after selling 58 shares during the quarter. SFE Investment Counsel’s holdings in Northrop Grumman were worth $1,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Solstein Capital LLC bought a new stake in shares of Northrop Grumman in the 1st quarter worth $25,000. Centerpoint Advisors LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter worth $27,000. D Orazio & Associates Inc. grew its stake in shares of Northrop Grumman by 141.9% in the 2nd quarter. D Orazio & Associates Inc. now owns 75 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 44 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of Northrop Grumman by 56.1% in the 2nd quarter. North Star Investment Management Corp. now owns 89 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 32 shares in the last quarter. Finally, Certified Advisory Corp bought a new position in Northrop Grumman during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

In related news, VP Thomas H. Jones sold 470 shares of the firm’s stock in a transaction dated Tuesday, August 3rd. The stock was sold at an average price of $361.35, for a total transaction of $169,834.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Mary D. Petryszyn sold 892 shares of the firm’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $358.65, for a total value of $319,915.80. Following the completion of the sale, the vice president now directly owns 12,991 shares in the company, valued at $4,659,222.15. The disclosure for this sale can be found here. Insiders sold a total of 1,597 shares of company stock worth $576,700 in the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

Several research firms recently weighed in on NOC. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $391.00 price target for the company in a research report on Tuesday, July 6th. Stifel Nicolaus raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and increased their price target for the stock from $350.00 to $475.00 in a report on Friday, June 4th. Wells Fargo & Company increased their price target on shares of Northrop Grumman from $330.00 to $335.00 and gave the stock an “underweight” rating in a report on Monday, August 2nd. Finally, Seaport Global Securities raised their target price on shares of Northrop Grumman from $398.00 to $419.00 and gave the company a “buy” rating in a research note on Monday, July 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $399.10.

Shares of Northrop Grumman stock traded up $3.84 during trading hours on Wednesday, reaching $355.57. 12,827 shares of the stock traded hands, compared to its average volume of 917,393. The company has a 50 day moving average price of $362.99 and a 200 day moving average price of $352.77. The firm has a market capitalization of $56.93 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.59 and a beta of 0.84. The company has a quick ratio of 1.39, a current ratio of 1.49 and a debt-to-equity ratio of 1.14. Northrop Grumman Co. has a one year low of $282.88 and a one year high of $379.03.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, July 29th. The aerospace company reported $6.42 EPS for the quarter, topping the Zacks’ consensus estimate of $5.75 by $0.67. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $8.71 billion. Northrop Grumman had a return on equity of 39.32% and a net margin of 12.10%. Sell-side analysts anticipate that Northrop Grumman Co. will post 24.83 earnings per share for the current year.

The firm also recently disclosed a dividend, which was paid on Thursday, September 2nd. Shareholders of record on Monday, August 23rd were given a $0.14 dividend. This represents a yield of 0.15%. The ex-dividend date of this dividend was Friday, August 20th. Northrop Grumman’s dividend payout ratio (DPR) is presently 26.55%.

Northrop Grumman Company Profile

Northrop Grumman Corp. is an aerospace and defense company, which engages in the provision of security businesses. It creates and delivers platforms, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.

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

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