nVerses Capital LLC Lowers Holdings in Northrop Grumman Co. (NYSE:NOC)

nVerses Capital LLC decreased its position in Northrop Grumman Co. (NYSE:NOC) by 5.0% in the third quarter, Holdings Channel reports. The firm owned 1,900 shares of the aerospace company’s stock after selling 100 shares during the period. nVerses Capital LLC’s holdings in Northrop Grumman were worth $1,003,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ascent Group LLC increased its position in shares of Northrop Grumman by 0.5% during the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after purchasing an additional 20 shares in the last quarter. Cornell Pochily Investment Advisors Inc. increased its position in shares of Northrop Grumman by 0.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock valued at $1,131,000 after acquiring an additional 20 shares during the period. Asset Dedication LLC increased its position in shares of Northrop Grumman by 1.0% in the 3rd quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after acquiring an additional 20 shares during the period. Salvus Wealth Management LLC increased its position in shares of Northrop Grumman by 1.6% in the 3rd quarter. Salvus Wealth Management LLC now owns 1,321 shares of the aerospace company’s stock valued at $698,000 after acquiring an additional 21 shares during the period. Finally, Turtle Creek Wealth Advisors LLC boosted its holdings in Northrop Grumman by 4.6% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock valued at $218,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling

In related news, VP Thomas H. Jones sold 1,390 shares of Northrop Grumman stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the sale, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction 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 $3,225,917.80. The trade was 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 1,390 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at $2,317,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,879 shares of company stock valued at $1,410,703 in the last quarter. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC traded down $7.16 during mid-day trading on Thursday, reaching $524.27. 314,688 shares of the company’s stock were exchanged, compared to its average volume of 870,619. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. The company has a 50-day simple moving average of $520.27 and a two-hundred day simple moving average of $478.08. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The company has a market cap of $77.59 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.44 and a beta of 0.34.

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

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.57%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is 57.62%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NOC shares. JPMorgan Chase & Co. increased their target price on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company increased their target price on shares of Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. UBS Group increased their target price on shares of Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Morgan Stanley increased their target price on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $535.00.

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.