Centaurus Financial Inc. Lowers Position in Northrop Grumman Co. (NYSE:NOC)

Centaurus Financial Inc. cut its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 826 shares of the aerospace company’s stock after selling 31 shares during the period. Centaurus Financial Inc.’s holdings in Northrop Grumman were worth $267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Childress Capital Advisors LLC purchased a new position in shares of Northrop Grumman in the fourth quarter valued at about $25,000. Graves Light Private Wealth Management Inc. purchased a new position in shares of Northrop Grumman in the fourth quarter valued at about $28,000. Bellwether Advisors LLC purchased a new position in shares of Northrop Grumman in the fourth quarter valued at about $29,000. Carroll Financial Associates Inc. lifted its position in shares of Northrop Grumman by 56.1% in the fourth quarter. Carroll Financial Associates Inc. now owns 103 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 37 shares in the last quarter. Finally, Emerson Wealth Management LLC purchased a new position in shares of Northrop Grumman in the first quarter valued at about $36,000. Institutional investors own 82.65% of the company’s stock.

In related news, VP Mark A. Caylor sold 2,961 shares of the stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $352.04, for a total value of $1,042,390.44. Following the transaction, the vice president now owns 10,019 shares of the company’s stock, valued at $3,527,088.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Kathy J. Warden sold 4,916 shares of the stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $352.04, for a total value of $1,730,628.64. Following the completion of the transaction, the chief executive officer now directly owns 114,040 shares in the company, valued at approximately $40,146,641.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,195 shares of company stock worth $6,774,381. Insiders own 0.27% of the company’s stock.

Several equities analysts have recently commented on the company. Wells Fargo & Company assumed coverage on Northrop Grumman in a research report on Wednesday. They issued an “underweight” rating on the stock. Morgan Stanley boosted their target price on Northrop Grumman from $447.00 to $478.00 and gave the stock an “overweight” rating in a research report on Thursday, May 6th. Susquehanna Bancshares boosted their target price on Northrop Grumman from $350.00 to $409.00 and gave the stock a “positive” rating in a research report on Friday, April 30th. Zacks Investment Research upgraded Northrop Grumman from a “sell” rating to a “hold” rating and set a $375.00 target price on the stock in a research report on Monday, May 3rd. Finally, Credit Suisse Group decreased their target price on Northrop Grumman from $377.00 to $353.00 and set an “outperform” rating on the stock in a research report on Friday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $390.08.

NOC opened at $363.15 on Thursday. The stock has a market cap of $58.45 billion, a price-to-earnings ratio of 24.84 and a beta of 0.75. The stock’s 50 day moving average price is $341.72 and its 200-day moving average price is $311.14. Northrop Grumman Co. has a one year low of $282.88 and a one year high of $378.61. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.36 and a current ratio of 1.44.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, April 29th. The aerospace company reported $6.57 EPS for the quarter, beating analysts’ consensus estimates of $5.48 by $1.09. The firm had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $8.49 billion. Northrop Grumman had a return on equity of 40.02% and a net margin of 6.94%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.48 earnings per share. As a group, analysts predict that Northrop Grumman Co. will post 22.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 17th. Stockholders of record on Monday, March 1st were paid a dividend of $1.45 per share. The ex-dividend date was Friday, February 26th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.60%. Northrop Grumman’s dividend payout ratio is 27.35%.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems for strategic and tactical intelligence, surveillance, and reconnaissance (ISR) missions; and long-range strike aircraft systems, tactical fighter aircrafts, and airborne battle management systems.

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

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