Sapient Capital LLC Has $1.02 Million Stock Position in Northrop Grumman Co. (NYSE:NOC)

Sapient Capital LLC lessened its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,329 shares of the aerospace company’s stock after selling 31 shares during the period. Sapient Capital LLC’s holdings in Northrop Grumman were worth $1,015,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at about $605,000. Sequoia Financial Advisors LLC increased its position in Northrop Grumman by 59.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,738 shares of the aerospace company’s stock valued at $1,750,000 after purchasing an additional 1,396 shares during the period. Valeo Financial Advisors LLC raised its holdings in Northrop Grumman by 15.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,014 shares of the aerospace company’s stock worth $1,411,000 after purchasing an additional 400 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of Northrop Grumman by 6.7% in the 4th quarter. Perigon Wealth Management LLC now owns 3,321 shares of the aerospace company’s stock worth $1,555,000 after purchasing an additional 209 shares during the period. Finally, Clarius Group LLC boosted its stake in shares of Northrop Grumman by 3.4% in the 4th quarter. Clarius Group LLC now owns 1,328 shares of the aerospace company’s stock valued at $622,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares in the company, valued at $2,317,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the business’s 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 sale, the vice president now owns 4,634 shares in the company, valued at $2,317,000. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NOC has been the topic of several recent analyst reports. 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. Robert W. Baird upped their target price on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price target on the stock in a report on Monday, April 22nd. Finally, Barclays lifted their price objective on shares of Northrop Grumman from $470.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $521.33.

Northrop Grumman Stock Up 0.8 %

Shares of Northrop Grumman stock traded up $3.88 on Monday, hitting $498.22. The company had a trading volume of 354,080 shares, compared to its average volume of 964,306. Northrop Grumman Co. has a 1 year low of $414.56 and a 1 year high of $506.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a 50 day moving average of $446.99 and a 200-day moving average of $456.40. The stock has a market capitalization of $73.73 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 2.26 and a beta of 0.32.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating the consensus estimate of $5.93 by $0.43. The firm had revenue of $10.22 billion during the quarter, compared to analyst estimates of $10.02 billion. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $5.34 EPS. As a group, sell-side analysts forecast that Northrop Grumman Co. will post 25.18 earnings per share for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Tuesday, May 28th were issued a $2.06 dividend. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.87. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Friday, May 24th. Northrop Grumman’s payout ratio is 57.62%.

Northrop Grumman Company 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.