Hantz Financial Services Inc. Sells 416 Shares of Northrop Grumman Co. (NYSE:NOC)

Hantz Financial Services Inc. trimmed its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 3.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,242 shares of the aerospace company’s stock after selling 416 shares during the quarter. Hantz Financial Services Inc.’s holdings in Northrop Grumman were worth $5,409,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Optimum Investment Advisors grew its stake in shares of Northrop Grumman by 241.2% during the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 41 shares in the last quarter. Bank & Trust Co bought a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $28,000. RPg Family Wealth Advisory LLC bought a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $31,000. Meeder Asset Management Inc. grew its stake in shares of Northrop Grumman by 245.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $40,000. 83.40% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $532.93, for a total value of $616,067.08. Following the transaction, the vice president now owns 537 shares in the company, valued at $286,183.41. The trade was a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 1,255 shares of company stock worth $667,727. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Stock Up 0.2 %

NOC opened at $489.88 on Friday. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market capitalization of $71.37 billion, a P/E ratio of 30.35, a P/E/G ratio of 0.99 and a beta of 0.35. The stock has a fifty day moving average of $517.20 and a 200-day moving average of $487.24.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter last year, the business earned $6.18 earnings per share. Northrop Grumman’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that Northrop Grumman Co. will post 25.93 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, December 2nd. Northrop Grumman’s payout ratio is currently 51.05%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays raised their target price on shares of Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley raised their target price on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Wells Fargo & Company raised their target price on shares of Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Alembic Global Advisors cut 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $550.56.

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.