A. D. Beadell Investment Counsel Inc. Sells 176 Shares of Northrop Grumman Co. (NYSE:NOC)

A. D. Beadell Investment Counsel Inc. lessened its holdings in Northrop Grumman Co. (NYSE:NOCGet Rating) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,068 shares of the aerospace company’s stock after selling 176 shares during the quarter. Northrop Grumman makes up 1.6% of A. D. Beadell Investment Counsel Inc.’s holdings, making the stock its 27th largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Northrop Grumman were worth $1,946,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. HYA Advisors Inc purchased a new stake in shares of Northrop Grumman during the 1st quarter worth $214,000. Koshinski Asset Management Inc. raised its stake in Northrop Grumman by 8.2% in the first quarter. Koshinski Asset Management Inc. now owns 843 shares of the aerospace company’s stock valued at $377,000 after buying an additional 64 shares during the last quarter. Veracity Capital LLC purchased a new stake in Northrop Grumman in the first quarter valued at about $392,000. Stephens Inc. AR raised its stake in Northrop Grumman by 1.0% in the first quarter. Stephens Inc. AR now owns 10,252 shares of the aerospace company’s stock valued at $4,585,000 after buying an additional 103 shares during the last quarter. Finally, Alpha Cubed Investments LLC purchased a new stake in Northrop Grumman in the first quarter valued at about $285,000. Institutional investors own 83.91% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE NOC traded down $19.43 during midday trading on Friday, hitting $477.03. The stock had a trading volume of 10,631 shares, compared to its average volume of 691,050. The company has a market capitalization of $73.80 billion, a PE ratio of 13.82, a P/E/G ratio of 9.09 and a beta of 0.61. The stock has a 50 day simple moving average of $477.14 and a 200-day simple moving average of $464.47. Northrop Grumman Co. has a 1 year low of $345.90 and a 1 year high of $515.49. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.94.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Monday, August 29th were given a $1.73 dividend. The ex-dividend date of this dividend was Friday, August 26th. This represents a $6.92 annualized dividend and a dividend yield of 1.45%. Northrop Grumman’s dividend payout ratio (DPR) is presently 19.26%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Northrop Grumman from $521.00 to $530.00 and gave the company an “overweight” rating in a report on Tuesday, July 12th. Robert W. Baird raised Northrop Grumman from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $488.00 to $529.00 in a report on Friday, July 29th. Susquehanna increased their price objective on Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a report on Wednesday, August 31st. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Saturday, September 17th. Finally, Royal Bank of Canada started coverage on Northrop Grumman in a report on Monday, August 29th. They set a “sector perform” rating and a $550.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $487.75.

Insider Activity

In related news, VP Thomas L. Wilson, Jr. sold 582 shares of Northrop Grumman stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $482.00, for a total transaction of $280,524.00. Following the transaction, the vice president now owns 2,094 shares in the company, valued at $1,009,308. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Northrop Grumman news, VP Sheila C. Cheston sold 4,025 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $473.99, for a total transaction of $1,907,809.75. Following the completion of the sale, the vice president now owns 25,350 shares of the company’s stock, valued at $12,015,646.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas L. Wilson, Jr. sold 582 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $482.00, for a total value of $280,524.00. Following the sale, the vice president now directly owns 2,094 shares of the company’s stock, valued at approximately $1,009,308. The disclosure for this sale can be found here. Insiders have sold a total of 14,607 shares of company stock worth $7,007,034 over the last quarter. 0.25% of the stock is currently owned by corporate insiders.

About Northrop Grumman

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Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

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

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