Mutual Advisors LLC Takes $452,000 Position in Northrop Grumman Co. (NOC)

Mutual Advisors LLC purchased a new stake in Northrop Grumman Co. (NYSE:NOC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,471 shares of the aerospace company’s stock, valued at approximately $452,000.

Several other large investors also recently bought and sold shares of the stock. State of Tennessee Treasury Department increased its holdings in shares of Northrop Grumman by 17.2% in the fourth quarter. State of Tennessee Treasury Department now owns 170,093 shares of the aerospace company’s stock valued at $52,203,000 after purchasing an additional 24,946 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in shares of Northrop Grumman by 2.9% in the fourth quarter. First Republic Investment Management Inc. now owns 14,156 shares of the aerospace company’s stock valued at $4,345,000 after purchasing an additional 397 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Northrop Grumman by 4.4% in the fourth quarter. Baird Financial Group Inc. now owns 25,255 shares of the aerospace company’s stock valued at $7,751,000 after purchasing an additional 1,073 shares during the last quarter. Stanley Laman Group Ltd. acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at approximately $972,000. Finally, Norinchukin Bank The increased its holdings in shares of Northrop Grumman by 7.4% in the fourth quarter. Norinchukin Bank The now owns 13,917 shares of the aerospace company’s stock valued at $4,271,000 after purchasing an additional 955 shares during the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Michael A. Hardesty sold 2,941 shares of Northrop Grumman stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $351.06, for a total value of $1,032,467.46. Following the completion of the sale, the vice president now directly owns 9,202 shares of the company’s stock, valued at $3,230,454.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Denise M. Peppard sold 2,539 shares of Northrop Grumman stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $335.12, for a total value of $850,869.68. Following the completion of the sale, the vice president now directly owns 38,613 shares of the company’s stock, valued at $12,939,988.56. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Shares of Northrop Grumman Co. (NYSE NOC) opened at $348.63 on Friday. Northrop Grumman Co. has a one year low of $233.20 and a one year high of $358.84. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $61,073.41, a price-to-earnings ratio of 26.42, a PEG ratio of 2.52 and a beta of 0.82.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.75 by $0.07. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the previous year, the firm posted $2.96 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. sell-side analysts predict that Northrop Grumman Co. will post 15.2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.26%. Northrop Grumman’s payout ratio is presently 34.87%.

Several equities research analysts recently commented on NOC shares. Cowen reaffirmed a “hold” rating and issued a $300.00 price target (up previously from $275.00) on shares of Northrop Grumman in a report on Thursday, October 26th. Royal Bank of Canada set a $374.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, November 16th. Bank of America set a $350.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research note on Friday, October 27th. Jefferies Group raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research note on Wednesday, February 14th. Finally, Goldman Sachs Group set a $320.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Northrop Grumman has an average rating of “Buy” and a consensus target price of $331.21.

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Northrop Grumman Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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

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