CMH Wealth Management LLC lessened its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,517 shares of the aerospace company’s stock after selling 623 shares during the period. Northrop Grumman comprises about 1.5% of CMH Wealth Management LLC’s holdings, making the stock its 21st biggest position. CMH Wealth Management LLC’s holdings in Northrop Grumman were worth $2,294,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new position in shares of Northrop Grumman in the third quarter worth about $30,405,000. Caxton Associates LP purchased a new position in shares of Northrop Grumman in the second quarter worth about $5,134,000. Toronto Dominion Bank increased its stake in shares of Northrop Grumman by 25.2% in the second quarter. Toronto Dominion Bank now owns 59,532 shares of the aerospace company’s stock worth $15,280,000 after purchasing an additional 11,991 shares in the last quarter. USS Investment Management Ltd increased its stake in shares of Northrop Grumman by 7.0% in the third quarter. USS Investment Management Ltd now owns 27,500 shares of the aerospace company’s stock worth $7,911,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Shell Asset Management Co. increased its stake in shares of Northrop Grumman by 9.3% in the third quarter. Shell Asset Management Co. now owns 42,114 shares of the aerospace company’s stock worth $5,549,000 after purchasing an additional 3,588 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.
Shares of Northrop Grumman Co. (NYSE:NOC) traded up $2.07 during trading on Friday, reaching $316.37. 873,975 shares of the company’s stock were exchanged, compared to its average volume of 697,577. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The stock has a market cap of $55,070.00, a P/E ratio of 23.57, a P/E/G ratio of 2.87 and a beta of 0.69. Northrop Grumman Co. has a fifty-two week low of $223.88 and a fifty-two week high of $318.70.
Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.33 billion. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.35 EPS. sell-side analysts expect that Northrop Grumman Co. will post 13.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, December 1st. Northrop Grumman’s dividend payout ratio is presently 29.81%.
Several equities analysts recently commented on NOC shares. Goldman Sachs Group set a $320.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Thursday, October 26th. Bank of America set a $350.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and set a $325.00 price objective (up previously from $285.00) on shares of Northrop Grumman in a research note on Monday, October 2nd. Royal Bank of Canada set a $374.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, ValuEngine upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Northrop Grumman has an average rating of “Buy” and an average price target of $302.21.
In other Northrop Grumman news, VP Sid Ashworth sold 6,311 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the transaction, the vice president now owns 63,147 shares in the company, valued at approximately $18,817,806. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Gloria A. Flach sold 7,741 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the transaction, the chief operating officer now owns 77,200 shares in the company, valued at approximately $22,885,940. The disclosure for this sale can be found here. Insiders sold a total of 21,417 shares of company stock worth $6,365,189 over the last ninety days. Insiders own 0.70% of the company’s stock.
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Northrop Grumman 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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