Rational Advisors LLC Has $49,000 Stock Position in Northrop Grumman Co. (NYSE:NOC)

Rational Advisors LLC reduced its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 26.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93 shares of the aerospace company’s stock after selling 33 shares during the quarter. Rational Advisors LLC’s holdings in Northrop Grumman were worth $49,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ascent Group LLC boosted its stake in shares of Northrop Grumman by 0.5% during the 2nd quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after acquiring an additional 20 shares during the period. Cornell Pochily Investment Advisors Inc. boosted its stake in shares of Northrop Grumman by 0.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock worth $1,131,000 after acquiring an additional 20 shares during the period. Asset Dedication LLC boosted its stake in shares of Northrop Grumman by 1.0% during the 3rd quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock worth $1,069,000 after acquiring an additional 20 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of Northrop Grumman by 1.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock worth $780,000 after acquiring an additional 20 shares during the period. Finally, PBMares Wealth Management LLC boosted its stake in shares of Northrop Grumman by 0.5% during the 3rd quarter. PBMares Wealth Management LLC now owns 4,421 shares of the aerospace company’s stock worth $2,335,000 after acquiring an additional 20 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $507.44 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The stock has a market capitalization of $73.93 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 1.02 and a beta of 0.35. The stock has a fifty day moving average of $523.43 and a 200-day moving average of $483.68.

Northrop Grumman (NYSE:NOC) last posted 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 during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the previous year, the firm earned $6.18 EPS. Northrop Grumman’s revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Northrop Grumman Co. will post 25.95 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued 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 1.62%. Northrop Grumman’s dividend payout ratio (DPR) is currently 51.05%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup lifted their target price on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price target on Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. UBS Group boosted their price target on Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen upgraded Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. Finally, Barclays boosted their price target on Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $550.56.

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.