Northrop Grumman Co. (NYSE:NOC) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. cut its stake in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,100 shares of the aerospace company’s stock after selling 25 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Northrop Grumman were worth $527,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NOC. Sanders Capital LLC increased its position in shares of Northrop Grumman by 37.4% during the fourth quarter. Sanders Capital LLC now owns 2,728,700 shares of the aerospace company’s stock valued at $1,079,988,000 after acquiring an additional 742,676 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Northrop Grumman by 6,333.8% during the first quarter. 1832 Asset Management L.P. now owns 447,986 shares of the aerospace company’s stock valued at $197,597,000 after acquiring an additional 441,023 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Northrop Grumman by 23.6% during the fourth quarter. Nuveen Asset Management LLC now owns 1,191,705 shares of the aerospace company’s stock valued at $461,274,000 after acquiring an additional 227,433 shares during the last quarter. Manning & Napier Group LLC increased its position in shares of Northrop Grumman by 230.8% during the second quarter. Manning & Napier Group LLC now owns 199,903 shares of the aerospace company’s stock valued at $95,666,000 after acquiring an additional 139,481 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Northrop Grumman by 12.0% during the first quarter. Capital World Investors now owns 733,172 shares of the aerospace company’s stock valued at $327,889,000 after acquiring an additional 78,742 shares during the last quarter. 83.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NOC has been the subject of a number of research reports. Susquehanna lifted their price objective on shares of Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a report on Wednesday, August 31st. Susquehanna Bancshares lifted their price objective on shares of Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a report on Wednesday, August 31st. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Saturday, September 17th. Robert W. Baird upgraded shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $488.00 to $529.00 in a report on Friday, July 29th. Finally, Cowen set a $510.00 price objective on shares of Northrop Grumman in a report on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $487.75.

Northrop Grumman Stock Down 4.0 %

Shares of NYSE:NOC traded down $19.98 during trading on Friday, hitting $476.48. 19,688 shares of the company were exchanged, compared to its average volume of 691,050. The stock has a market capitalization of $73.72 billion, a P/E ratio of 13.82, a PEG ratio of 9.09 and a beta of 0.61. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 1.20. Northrop Grumman Co. has a 12-month low of $345.90 and a 12-month high of $515.49. The firm’s 50 day moving average price is $477.14 and its 200-day moving average price is $464.47.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Monday, August 29th were given a dividend of $1.73 per share. The ex-dividend date of this dividend was Friday, August 26th. This represents a $6.92 annualized dividend and a dividend yield of 1.45%. Northrop Grumman’s dividend payout ratio is presently 19.26%.

Insider Transactions at Northrop Grumman

In other news, VP Thomas L. Wilson, Jr. sold 582 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $482.00, for a total transaction of $280,524.00. Following the completion of the sale, the vice president now owns 2,094 shares in the company, valued at approximately $1,009,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Thomas L. Wilson, Jr. sold 582 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $482.00, for a total value of $280,524.00. Following the completion of the sale, the vice president now owns 2,094 shares in the company, valued at approximately $1,009,308. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sheila C. Cheston sold 4,025 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $473.99, for a total transaction of $1,907,809.75. Following the completion of the sale, the vice president now owns 25,350 shares of the company’s stock, valued at approximately $12,015,646.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,607 shares of company stock worth $7,007,034. 0.25% of the stock is currently owned by insiders.

Northrop Grumman Profile

(Get Rating)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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