CHICAGO TRUST Co NA reduced its stake in Northrop Grumman Co. (NYSE:NOC) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,825 shares of the aerospace company’s stock after selling 605 shares during the period. CHICAGO TRUST Co NA’s holdings in Northrop Grumman were worth $1,174,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of NOC. Janus Henderson Group PLC boosted its stake in Northrop Grumman by 41,518.7% during the second quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock valued at $749,585,000 after buying an additional 2,912,953 shares during the period. First Eagle Investment Management LLC bought a new stake in Northrop Grumman during the third quarter valued at $198,126,000. Capital International Investors boosted its stake in Northrop Grumman by 29.4% during the third quarter. Capital International Investors now owns 2,274,928 shares of the aerospace company’s stock valued at $654,542,000 after buying an additional 516,427 shares during the period. Renaissance Technologies LLC boosted its stake in Northrop Grumman by 25.9% during the second quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock valued at $319,707,000 after buying an additional 256,200 shares during the period. Finally, Koch Industries Inc. boosted its stake in Northrop Grumman by 21,654.4% during the second quarter. Koch Industries Inc. now owns 207,972 shares of the aerospace company’s stock valued at $207,000 after buying an additional 207,016 shares during the period. 81.22% of the stock is owned by institutional investors.
In other news, VP Sid Ashworth sold 6,311 shares of Northrop Grumman stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $298.00, for a total value of $1,880,678.00. Following the transaction, the vice president now owns 63,147 shares in the company, valued at $18,817,806. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the transaction, the vice president now owns 58,186 shares in the company, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,417 shares of company stock worth $6,365,189. Company insiders own 0.70% of the company’s stock.
Several equities research analysts recently issued reports on the company. Jefferies Group reissued a “hold” rating and set a $269.00 price objective on shares of Northrop Grumman in a research note on Friday, September 29th. Wells Fargo & Co raised Northrop Grumman from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $347.00 price objective for the company in a research note on Friday, January 12th. Stifel Nicolaus reissued a “hold” rating and set a $315.00 price objective on shares of Northrop Grumman in a research note on Tuesday, January 9th. Finally, Vertical Research reissued a “buy” rating and set a $296.00 price objective (up previously from $280.00) on shares of Northrop Grumman in a research note on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $302.21.
Northrop Grumman Co. (NYSE NOC) traded down $2.61 during midday trading on Wednesday, reaching $312.54. The company’s stock had a trading volume of 756,000 shares, compared to its average volume of 698,290. The stock has a market capitalization of $55,150.00, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.85 and a beta of 0.69. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. Northrop Grumman Co. has a twelve month low of $223.88 and a twelve month high of $318.70.
Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.33 billion. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.35 earnings per share. analysts expect that Northrop Grumman Co. will post 13.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.28%. Northrop Grumman’s dividend payout ratio is currently 29.81%.
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About Northrop Grumman
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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