Edgestream Partners L.P. Has $427,000 Holdings in Northrop Grumman Co. (NYSE:NOC)

Edgestream Partners L.P. lessened its position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 57.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 809 shares of the aerospace company's stock after selling 1,112 shares during the period. Edgestream Partners L.P.'s holdings in Northrop Grumman were worth $427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in Northrop Grumman by 0.3% during the 3rd quarter. Captrust Financial Advisors now owns 19,899 shares of the aerospace company's stock worth $10,508,000 after acquiring an additional 69 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of Northrop Grumman by 11.8% in the 3rd quarter. Icon Wealth Advisors LLC now owns 1,271 shares of the aerospace company's stock valued at $671,000 after buying an additional 134 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Northrop Grumman by 17.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 44,219 shares of the aerospace company's stock valued at $23,340,000 after buying an additional 6,570 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Northrop Grumman by 8.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 352 shares of the aerospace company's stock valued at $185,000 after buying an additional 26 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its position in Northrop Grumman by 15.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 1,682 shares of the aerospace company's stock valued at $886,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Insider Buying and Selling

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now owns 537 shares of the company's stock, valued at $286,183.41. The trade was a 68.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 1,255 shares of company stock valued at $666,461. 0.22% of the stock is owned by corporate insiders.

Northrop Grumman Stock Down 1.4 %

Shares of NOC stock traded down $6.75 during mid-day trading on Friday, reaching $472.82. 437,782 shares of the company were exchanged, compared to its average volume of 857,589. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market capitalization of $68.89 billion, a P/E ratio of 29.71, a P/E/G ratio of 0.98 and a beta of 0.33. The business's 50 day simple moving average is $513.61 and its 200 day simple moving average is $487.60.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly 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. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $6.18 earnings per share. Research analysts predict that Northrop Grumman Co. will post 25.93 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be paid a $2.06 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $8.24 dividend on an annualized basis and a yield of 1.74%. Northrop Grumman's dividend payout ratio is currently 51.05%.

Wall Street Analyst Weigh In

NOC has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an "overweight" rating in a report on Friday, August 9th. TD Cowen raised shares of Northrop Grumman to a "hold" rating in a research note on Tuesday, October 8th. UBS Group increased their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Barclays raised their price target on shares of Northrop Grumman from $500.00 to $550.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Northrop Grumman from a "buy" rating to a "strong-buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $550.56.

Northrop Grumman 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.