Folger Nolan Fleming Douglas Capital Management Inc. Decreases Holdings in Northrop Grumman Co. (NYSE:NOC)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lansing Street Advisors purchased a new stake in Northrop Grumman during the first quarter valued at approximately $25,000. Kings Point Capital Management lifted its position in Northrop Grumman by 83.3% during the first quarter. Kings Point Capital Management now owns 55 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 25 shares during the last quarter. Rather & Kittrell Inc. purchased a new stake in Northrop Grumman during the fourth quarter valued at approximately $26,000. Delos Wealth Advisors LLC purchased a new stake in Northrop Grumman during the fourth quarter valued at approximately $31,000. Finally, Core Alternative Capital raised its holdings in shares of Northrop Grumman by 666.7% in the first quarter. Core Alternative Capital now owns 69 shares of the aerospace company’s stock worth $31,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 83.91% of the company’s stock.

Northrop Grumman Stock Performance

NOC stock traded down $19.98 during midday trading on Friday, hitting $476.48. 19,688 shares of the stock traded hands, compared to its average volume of 691,050. The firm has a market cap 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. The stock’s fifty day simple moving average is $477.14 and its 200-day simple moving average is $464.47. Northrop Grumman Co. has a 1-year low of $345.90 and a 1-year high of $515.49.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Investors 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 yield of 1.45%. Northrop Grumman’s dividend payout ratio is presently 19.26%.

Analyst Ratings Changes

A number of research firms have issued reports on NOC. Morgan Stanley raised their price target on shares of Northrop Grumman from $521.00 to $530.00 and gave the stock an “overweight” rating in a report on Tuesday, July 12th. Robert W. Baird raised shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $488.00 to $529.00 in a report on Friday, July 29th. Royal Bank of Canada began coverage on shares of Northrop Grumman in a report on Monday, August 29th. They issued a “sector perform” rating and a $550.00 price target for the company. Cowen set a $510.00 price target on shares of Northrop Grumman in a report on Tuesday, July 19th. Finally, Susquehanna raised their price target on shares of Northrop Grumman from $530.00 to $560.00 and gave the stock a “positive” rating in a report on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $487.75.

Insider Activity at Northrop Grumman

In other news, VP Thomas L. Wilson, Jr. sold 582 shares of Northrop Grumman stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $482.00, for a total value of $280,524.00. Following the sale, the vice president now owns 2,094 shares in the company, valued at $1,009,308. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Thomas L. Wilson, Jr. sold 582 shares of Northrop Grumman stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $482.00, for a total value of $280,524.00. Following the sale, the vice president now owns 2,094 shares in the company, valued at $1,009,308. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sheila C. Cheston sold 4,025 shares of Northrop Grumman stock in a transaction dated 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 in the company, valued at approximately $12,015,646.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,607 shares of company stock worth $7,007,034. 0.25% of the stock is owned by company insiders.

About Northrop Grumman

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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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