Lido Advisors LLC lowered its stake in Northrop Grumman Co. (NYSE:NOC) by 15.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,592 shares of the aerospace company’s stock after selling 2,184 shares during the period. Lido Advisors LLC’s holdings in Northrop Grumman were worth $3,678,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Northrop Grumman by 15.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,716,917 shares of the aerospace company’s stock valued at $1,497,008,000 after buying an additional 614,356 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Northrop Grumman by 1,187.9% in the second quarter. Point72 Asset Management L.P. now owns 439,175 shares of the aerospace company’s stock valued at $135,134,000 after buying an additional 405,075 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Northrop Grumman by 153.0% in the second quarter. Millennium Management LLC now owns 600,981 shares of the aerospace company’s stock valued at $184,922,000 after buying an additional 363,407 shares in the last quarter. Winslow Capital Management LLC boosted its stake in shares of Northrop Grumman by 26.9% in the second quarter. Winslow Capital Management LLC now owns 942,269 shares of the aerospace company’s stock valued at $289,936,000 after buying an additional 200,026 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Northrop Grumman by 200.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 270,000 shares of the aerospace company’s stock valued at $85,690,000 after buying an additional 180,000 shares in the last quarter. 82.85% of the stock is currently owned by institutional investors and hedge funds.

NOC opened at $249.84 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.17 and a debt-to-equity ratio of 1.53. The firm has a market cap of $43.38 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.94 and a beta of 0.82. Northrop Grumman Co. has a one year low of $248.63 and a one year high of $360.88.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Wednesday, October 24th. The aerospace company reported $6.54 EPS for the quarter, topping the Zacks’ consensus estimate of $4.35 by $2.19. The company had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $7.99 billion. Northrop Grumman had a return on equity of 38.27% and a net margin of 9.62%. Northrop Grumman’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.67 earnings per share. On average, equities analysts anticipate that Northrop Grumman Co. will post 19.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Monday, December 3rd will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $4.80 annualized dividend and a dividend yield of 1.92%. Northrop Grumman’s dividend payout ratio is currently 36.14%.

In other news, VP Lesley A. Kalan sold 4,158 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $285.58, for a total value of $1,187,441.64. Following the sale, the vice president now directly owns 10,752 shares in the company, valued at $3,070,556.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shawn N. Purvis sold 807 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $280.00, for a total value of $225,960.00. Following the completion of the sale, the vice president now owns 3,519 shares in the company, valued at $985,320. The disclosure for this sale can be found here. Insiders sold 32,107 shares of company stock worth $9,521,827 over the last 90 days. Company insiders own 0.62% of the company’s stock.

A number of analysts recently weighed in on NOC shares. UBS Group started coverage on Northrop Grumman in a research note on Wednesday, August 15th. They issued a “neutral” rating and a $315.00 price target on the stock. Zacks Investment Research downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 26th. Barclays decreased their target price on Northrop Grumman from $400.00 to $310.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup decreased their target price on Northrop Grumman from $370.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Finally, Jefferies Financial Group decreased their target price on Northrop Grumman from $400.00 to $324.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $348.35.

ILLEGAL ACTIVITY WARNING: This story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/lido-advisors-llc-sells-2184-shares-of-northrop-grumman-co-noc/2664294.html.

About Northrop Grumman

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

Further Reading: How are the companies in the S&P 500 selected?

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

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.