Marshwinds Advisory Co. lowered its stake in Northrop Grumman Corp. (NYSE:NOC) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,215 shares of the company’s stock after selling 63 shares during the period. Northrop Grumman Corp. accounts for about 1.6% of Marshwinds Advisory Co.’s investment portfolio, making the stock its 21st largest position. Marshwinds Advisory Co.’s holdings in Northrop Grumman Corp. were worth $3,255,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in NOC. Euclid Advisors LLC increased its position in Northrop Grumman Corp. by 108.8% in the first quarter. Euclid Advisors LLC now owns 18,568 shares of the company’s stock valued at $3,675,000 after buying an additional 9,677 shares during the last quarter. First Republic Investment Management Inc. increased its position in Northrop Grumman Corp. by 34.2% in the first quarter. First Republic Investment Management Inc. now owns 21,477 shares of the company’s stock valued at $4,249,000 after buying an additional 5,477 shares during the last quarter. Integrated Investment Consultants LLC increased its position in Northrop Grumman Corp. by 8.5% in the second quarter. Integrated Investment Consultants LLC now owns 700 shares of the company’s stock valued at $156,000 after buying an additional 55 shares during the last quarter. Cullinan Associates Inc. increased its position in Northrop Grumman Corp. by 77.6% in the second quarter. Cullinan Associates Inc. now owns 2,487 shares of the company’s stock valued at $553,000 after buying an additional 1,087 shares during the last quarter. Finally, CenturyLink Investment Management Co bought a new position in Northrop Grumman Corp. during the second quarter valued at $282,000. 80.77% of the stock is owned by institutional investors.
Northrop Grumman Corp. (NYSE:NOC) traded up 0.15% on Monday, reaching $248.96. The company’s stock had a trading volume of 893,944 shares. The stock has a 50 day moving average price of $231.40 and a 200-day moving average price of $219.89. Northrop Grumman Corp. has a 1-year low of $175.00 and a 1-year high of $253.09. The company has a market capitalization of $43.88 billion, a price-to-earnings ratio of 21.25 and a beta of 0.66.
Northrop Grumman Corp. (NYSE:NOC) last released its quarterly earnings results on Wednesday, October 26th. The company reported $3.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.81 by $0.54. Northrop Grumman Corp. had a net margin of 8.96% and a return on equity of 34.10%. The company earned $6.20 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same period in the prior year, the company earned $2.75 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts predict that Northrop Grumman Corp. will post $11.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Monday, December 5th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, December 1st. Northrop Grumman Corp.’s dividend payout ratio (DPR) is 30.72%.
Several equities research analysts have recently issued reports on the company. Wells Fargo & Co. restated a “hold” rating on shares of Northrop Grumman Corp. in a report on Monday, November 14th. Vetr upgraded Northrop Grumman Corp. from a “sell” rating to a “hold” rating and set a $251.18 price objective on the stock in a report on Thursday, November 10th. Barclays PLC upgraded Northrop Grumman Corp. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $230.00 to $270.00 in a report on Thursday, November 10th. Jefferies Group restated a “buy” rating and set a $260.00 price objective (up previously from $250.00) on shares of Northrop Grumman Corp. in a report on Friday, October 28th. Finally, Vertical Research assumed coverage on Northrop Grumman Corp. in a report on Friday, October 28th. They set a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $236.16.
In other Northrop Grumman Corp. news, CEO Wesley G. Bush sold 35,000 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $228.37, for a total transaction of $7,992,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Denise M. Peppard sold 1,912 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $228.42, for a total transaction of $436,739.04. Following the sale, the vice president now owns 35,372 shares of the company’s stock, valued at $8,079,672.24. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
About Northrop Grumman Corp.
Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.