Western Wealth Management LLC Sells 903 Shares of Northrop Grumman Co. (NYSE:NOC)

Western Wealth Management LLC decreased its position in Northrop Grumman Co. (NYSE:NOC) by 23.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,966 shares of the aerospace company’s stock after selling 903 shares during the period. Western Wealth Management LLC’s holdings in Northrop Grumman were worth $1,389,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp raised its stake in shares of Northrop Grumman by 19.1% during the 3rd quarter. Toth Financial Advisory Corp now owns 131 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 21 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of Northrop Grumman by 1.2% during the 3rd quarter. Wesbanco Bank Inc. now owns 1,782 shares of the aerospace company’s stock worth $784,000 after purchasing an additional 21 shares in the last quarter. Ausdal Financial Partners Inc. raised its stake in shares of Northrop Grumman by 4.4% during the 4th quarter. Ausdal Financial Partners Inc. now owns 524 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 22 shares in the last quarter. Secure Asset Management LLC raised its stake in shares of Northrop Grumman by 2.7% during the 4th quarter. Secure Asset Management LLC now owns 844 shares of the aerospace company’s stock worth $395,000 after purchasing an additional 22 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Northrop Grumman by 1.6% during the 1st quarter. IHT Wealth Management LLC now owns 1,371 shares of the aerospace company’s stock worth $613,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $462.58 on Friday. The firm has a market cap of $68.55 billion, a price-to-earnings ratio of 34.32, a P/E/G ratio of 1.82 and a beta of 0.35. Northrop Grumman Co. has a one year low of $414.56 and a one year high of $496.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.15 and a quick ratio of 1.05. The stock’s fifty day moving average price is $459.71 and its two-hundred day moving average price is $464.26.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, January 25th. The aerospace company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.47. The company had revenue of $10.64 billion for the quarter, compared to analyst estimates of $10.43 billion. Northrop Grumman had a return on equity of 23.07% and a net margin of 5.23%. Northrop Grumman’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $7.50 EPS. On average, equities analysts forecast that Northrop Grumman Co. will post 24.67 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 26th were issued a dividend of $1.87 per share. This represents a $7.48 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is currently 55.49%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $450.00 price objective (down previously from $515.00) on shares of Northrop Grumman in a research note on Friday, January 26th. Robert W. Baird decreased their target price on Northrop Grumman from $505.00 to $475.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. TheStreet lowered Northrop Grumman from a “b+” rating to a “c+” rating in a report on Thursday, January 25th. StockNews.com lowered Northrop Grumman from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, Susquehanna decreased their target price on Northrop Grumman from $560.00 to $540.00 and set a “positive” rating on the stock in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $494.33.

Insider Transactions at Northrop Grumman

In related news, CAO Michael A. Hardesty sold 210 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total transaction of $95,482.80. Following the completion of the sale, the chief accounting officer now directly owns 3,127 shares in the company, valued at approximately $1,421,784.36. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP Kathryn G. Simpson sold 711 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $453.22, for a total transaction of $322,239.42. Following the completion of the sale, the vice president now directly owns 2,024 shares in the company, valued at approximately $917,317.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael A. Hardesty sold 210 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total value of $95,482.80. Following the sale, the chief accounting officer now owns 3,127 shares of the company’s stock, valued at $1,421,784.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,149 shares of company stock valued at $1,421,147. 0.22% of the stock is owned by corporate 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.