Northrop Grumman Co. (NYSE:NOC) Holdings Cut by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. reduced its position in Northrop Grumman Co. (NYSE:NOC) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,708 shares of the aerospace company’s stock after selling 300 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Northrop Grumman were worth $524,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Northrop Grumman by 4.3% during the 4th quarter. BlackRock Inc. now owns 13,545,765 shares of the aerospace company’s stock worth $4,157,331,000 after buying an additional 561,347 shares during the period. Capital International Investors lifted its position in shares of Northrop Grumman by 29.4% during the 3rd quarter. Capital International Investors now owns 2,274,928 shares of the aerospace company’s stock valued at $654,542,000 after acquiring an additional 516,427 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of Northrop Grumman by 688.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 213,645 shares of the aerospace company’s stock valued at $65,570,000 after acquiring an additional 186,546 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Northrop Grumman by 12.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,489,951 shares of the aerospace company’s stock valued at $457,282,000 after acquiring an additional 160,259 shares during the period. Finally, Winslow Capital Management LLC increased its stake in Northrop Grumman by 19.0% during the 4th quarter. Winslow Capital Management LLC now owns 775,351 shares of the aerospace company’s stock valued at $237,963,000 after purchasing an additional 123,528 shares in the last quarter. 80.71% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, VP Janis G. Pamiljans sold 955 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $338.85, for a total value of $323,601.75. Following the transaction, the vice president now owns 10,466 shares in the company, valued at $3,546,404.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Denise M. Peppard sold 2,539 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 38,613 shares in the company, valued at approximately $12,939,988.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,299 shares of company stock worth $3,220,228. 0.70% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on the stock. Goldman Sachs lowered shares of Northrop Grumman from a “conviction-buy” rating to a “buy” rating and set a $395.00 target price for the company. in a research note on Tuesday, February 20th. Citigroup restated a “buy” rating and issued a $405.00 target price on shares of Northrop Grumman in a report on Monday, March 12th. Morgan Stanley reissued an “equal weight” rating and set a $365.00 price objective (up previously from $336.00) on shares of Northrop Grumman in a research report on Friday, February 23rd. Zacks Investment Research upgraded Northrop Grumman from a “hold” rating to a “buy” rating and set a $386.00 price target for the company in a report on Thursday, March 29th. Finally, Barclays initiated coverage on Northrop Grumman in a report on Thursday, March 29th. They set an “overweight” rating and a $400.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $364.00.

Shares of NYSE NOC opened at $351.72 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.35 and a quick ratio of 2.24. Northrop Grumman Co. has a 1-year low of $237.39 and a 1-year high of $360.88. The firm has a market cap of $61,529.52, a P/E ratio of 26.48, a P/E/G ratio of 2.53 and a beta of 0.78.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.07. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.34 billion. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.96 earnings per share. equities analysts forecast that Northrop Grumman Co. will post 15.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Monday, March 5th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.25%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, March 2nd. Northrop Grumman’s dividend payout ratio (DPR) is 33.13%.

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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.

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

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