Tredje AP fonden trimmed its position in Northrop Grumman Co. (NYSE:NOC) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,952 shares of the aerospace company’s stock after selling 174 shares during the period. Tredje AP fonden’s holdings in Northrop Grumman were worth $4,455,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its holdings in Northrop Grumman by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,307,071 shares of the aerospace company’s stock worth $1,989,037,000 after purchasing an additional 28,254 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Northrop Grumman by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 770,176 shares of the aerospace company’s stock worth $264,918,000 after purchasing an additional 5,844 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Northrop Grumman by 1.7% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 627,064 shares of the aerospace company’s stock worth $215,691,000 after purchasing an additional 10,204 shares during the period. Parametric Portfolio Associates LLC increased its position in Northrop Grumman by 1.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 619,175 shares of the aerospace company’s stock worth $232,061,000 after purchasing an additional 9,449 shares during the period. Finally, Johanson Financial Advisors Inc. increased its position in Northrop Grumman by 34,416.4% during the 4th quarter. Johanson Financial Advisors Inc. now owns 553,298 shares of the aerospace company’s stock worth $1,609,000 after purchasing an additional 551,695 shares during the period. 68.51% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on NOC. Goldman Sachs Group cut Northrop Grumman from a “buy” rating to a “sell” rating and dropped their target price for the stock from $409.00 to $337.00 in a research report on Monday, February 3rd. TheStreet cut Northrop Grumman from a “b-” rating to a “c+” rating in a research report on Tuesday, December 24th. Barclays reiterated a “buy” rating and set a $455.00 target price on shares of Northrop Grumman in a research report on Thursday, January 23rd. Zacks Investment Research upgraded Northrop Grumman from a “hold” rating to a “buy” rating and set a $367.00 target price on the stock in a research report on Monday, December 30th. Finally, UBS Group boosted their target price on Northrop Grumman from $385.00 to $410.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $387.20.
Shares of NYSE NOC traded down $19.22 during mid-day trading on Tuesday, reaching $340.17. 70,278 shares of the company traded hands, compared to its average volume of 990,352. Northrop Grumman Co. has a fifty-two week low of $263.29 and a fifty-two week high of $385.01. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.13 and a quick ratio of 1.05. The firm has a market cap of $61.19 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. The stock has a fifty day simple moving average of $372.96 and a 200-day simple moving average of $361.68.
Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, January 30th. The aerospace company reported $5.61 EPS for the quarter, beating the Zacks’ consensus estimate of $4.77 by $0.84. Northrop Grumman had a net margin of 6.64% and a return on equity of 39.51%. The business had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.84 billion. During the same quarter last year, the business earned $4.93 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts predict that Northrop Grumman Co. will post 23.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 24th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, February 21st. Northrop Grumman’s payout ratio is 24.89%.
In other Northrop Grumman news, VP Mary D. Petryszyn sold 3,921 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $362.27, for a total value of $1,420,460.67. Following the completion of the sale, the vice president now owns 6,713 shares in the company, valued at $2,431,918.51. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David T. Perry sold 2,606 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $365.28, for a total transaction of $951,919.68. Following the completion of the sale, the vice president now owns 14,599 shares of the company’s stock, valued at approximately $5,332,722.72. The disclosure for this sale can be found here. Insiders have sold 12,842 shares of company stock valued at $4,695,964 in the last 90 days. 0.45% of the stock is currently owned by corporate insiders.
Northrop Grumman Company Profile
Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.
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