Pathway Financial Advisers LLC Has $1.75 Million Position in Northrop Grumman Co. (NYSE:NOC)

Pathway Financial Advisers LLC lessened its position in Northrop Grumman Co. (NYSE:NOC) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,306 shares of the aerospace company’s stock after selling 47 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Northrop Grumman were worth $1,746,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC boosted its stake in shares of Northrop Grumman by 13.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,540 shares of the aerospace company’s stock worth $737,000 after buying an additional 182 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Northrop Grumman by 5.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 5,773 shares of the aerospace company’s stock valued at $2,763,000 after purchasing an additional 306 shares during the last quarter. Founders Financial Securities LLC boosted its position in Northrop Grumman by 6.2% during the first quarter. Founders Financial Securities LLC now owns 2,281 shares of the aerospace company’s stock valued at $1,092,000 after purchasing an additional 134 shares during the last quarter. Cornerstone Wealth Group LLC bought a new position in Northrop Grumman in the first quarter valued at approximately $218,000. Finally, SteelPeak Wealth LLC increased its position in shares of Northrop Grumman by 49.7% during the 1st quarter. SteelPeak Wealth LLC now owns 4,631 shares of the aerospace company’s stock worth $2,216,000 after purchasing an additional 1,538 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 1,490 shares of company stock valued at $747,372. 0.22% of the stock is currently owned by company insiders.

Northrop Grumman Stock Performance

NYSE:NOC opened at $519.35 on Friday. 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 $523.54 and a 200 day simple moving average of $481.22. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57. The stock has a market cap of $75.95 billion, a P/E ratio of 33.90, a PEG ratio of 2.38 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter last year, the firm earned $6.18 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. Research analysts anticipate that Northrop Grumman Co. will post 25.16 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a dividend of $2.06 per share. 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 1.59%. Northrop Grumman’s payout ratio is presently 53.79%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. 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. Susquehanna increased their price target on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday. Royal Bank of Canada boosted their price objective on shares of Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a research note on Friday. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Finally, Barclays boosted their price target on Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $547.44.

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.