Hexagon Capital Partners LLC Sells 477 Shares of Northrop Grumman Co. (NYSE:NOC)

Hexagon Capital Partners LLC lowered its position in Northrop Grumman Co. (NYSE:NOC) by 55.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 385 shares of the aerospace company’s stock after selling 477 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Northrop Grumman were worth $180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wesbanco Bank Inc. raised its position in shares of Northrop Grumman by 1.2% in the third quarter. Wesbanco Bank Inc. now owns 1,782 shares of the aerospace company’s stock valued at $784,000 after purchasing an additional 21 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in shares of Northrop Grumman by 4.4% in the fourth quarter. Ausdal Financial Partners Inc. now owns 524 shares of the aerospace company’s stock worth $245,000 after acquiring an additional 22 shares during the period. Secure Asset Management LLC grew its position in shares of Northrop Grumman by 2.7% in the fourth quarter. Secure Asset Management LLC now owns 844 shares of the aerospace company’s stock valued at $395,000 after purchasing an additional 22 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Northrop Grumman by 4.0% during the 3rd quarter. Simon Quick Advisors LLC now owns 604 shares of the aerospace company’s stock valued at $266,000 after purchasing an additional 23 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Northrop Grumman by 16.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 165 shares of the aerospace company’s stock worth $73,000 after purchasing an additional 23 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Michael A. Hardesty sold 210 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $454.68, for a total transaction of $95,482.80. Following the completion of the sale, the chief accounting officer now owns 3,127 shares of the company’s stock, valued at approximately $1,421,784.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Northrop Grumman news, VP Kathryn G. Simpson sold 1,273 shares of Northrop Grumman stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the transaction, the vice president now owns 2,735 shares of the company’s stock, valued at $1,231,761.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael A. Hardesty sold 210 shares of Northrop Grumman stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $454.68, for a total transaction of $95,482.80. Following the transaction, the chief accounting officer now owns 3,127 shares in the company, valued at approximately $1,421,784.36. The disclosure for this sale can be found here. Insiders sold 3,149 shares of company stock valued at $1,421,147 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

NOC has been the subject of a number of analyst reports. Susquehanna raised their price objective on shares of Northrop Grumman from $540.00 to $560.00 and gave the company a “positive” rating in a research report on Friday, April 26th. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Robert W. Baird raised their target price on shares of Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Wells Fargo & Company upped their target price on shares of Northrop Grumman from $483.00 to $518.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Royal Bank of Canada increased their price target on shares of Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $509.38.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $485.94 on Thursday. The company has a 50 day simple moving average of $464.44 and a two-hundred day simple moving average of $465.89. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $496.89. The company has a market capitalization of $71.91 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 1.99 and a beta of 0.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.13.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 earnings per share for the quarter, beating analysts’ consensus estimates of $5.83 by $0.49. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The company had revenue of $10.13 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the company earned $5.50 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Northrop Grumman Co. will post 24.7 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 26th were given a dividend of $1.87 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.48 dividend on an annualized basis and a yield of 1.54%. Northrop Grumman’s dividend payout ratio (DPR) is 52.31%.

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.