Telos Capital Management Inc. Has $15.65 Million Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Telos Capital Management Inc. cut its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 0.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,633 shares of the aerospace company’s stock after selling 74 shares during the period. Northrop Grumman makes up about 1.6% of Telos Capital Management Inc.’s holdings, making the stock its 14th biggest position. Telos Capital Management Inc.’s holdings in Northrop Grumman were worth $15,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of NOC. Capital International Investors raised its position in Northrop Grumman by 5.6% during the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after buying an additional 621,636 shares during the period. JPMorgan Chase & Co. raised its position in Northrop Grumman by 4.8% during the first quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock valued at $2,218,132,000 after buying an additional 211,459 shares during the period. Capital World Investors raised its position in Northrop Grumman by 0.6% during the first quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock valued at $1,765,543,000 after buying an additional 23,398 shares during the period. Legal & General Group Plc increased its position in Northrop Grumman by 16.0% in the 2nd quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock worth $474,276,000 after purchasing an additional 150,367 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Northrop Grumman by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock worth $297,937,000 after purchasing an additional 125,262 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Cowen raised Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Royal Bank of Canada increased their target price on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and increased their target price for the company from $474.00 to $575.00 in a research note on Monday, July 29th. BTIG Research initiated coverage on Northrop Grumman in a research note on Wednesday, June 26th. They set a “buy” rating and a $565.00 target price for the company. Finally, UBS Group increased their target price on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Northrop Grumman has an average rating of “Hold” and an average target price of $535.00.

Northrop Grumman Trading Down 0.2 %

Shares of NOC opened at $529.65 on Tuesday. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $522.30 and a 200-day simple moving average of $479.58. The stock has a market cap of $78.38 billion, a PE ratio of 37.04, a PEG ratio of 2.44 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The business had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same period in the prior year, the firm posted $5.34 EPS. Northrop Grumman’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts predict that Northrop Grumman Co. will post 25.16 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a $2.06 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.56%. Northrop Grumman’s payout ratio is presently 57.62%.

Insider Transactions at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the sale, the vice president now directly owns 4,634 shares of the company’s stock, valued at $2,317,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,879 shares of company stock valued at $1,410,703. Corporate insiders own 0.22% of the company’s stock.

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.