TCG Advisory Services LLC acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,710 shares of the aerospace company’s stock, valued at approximately $800,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. London Co. of Virginia acquired a new position in Northrop Grumman in the third quarter worth $165,786,000. Invesco Ltd. grew its holdings in Northrop Grumman by 74.7% during the 3rd quarter. Invesco Ltd. now owns 1,174,556 shares of the aerospace company’s stock worth $517,028,000 after acquiring an additional 502,060 shares during the last quarter. Raymond James Trust N.A. increased its position in Northrop Grumman by 19.7% in the 4th quarter. Raymond James Trust N.A. now owns 16,515 shares of the aerospace company’s stock valued at $7,731,000 after acquiring an additional 2,723 shares in the last quarter. Phraction Management LLC bought a new position in shares of Northrop Grumman in the third quarter worth about $677,000. Finally, Cerity Partners LLC raised its stake in shares of Northrop Grumman by 2,801.7% in the fourth quarter. Cerity Partners LLC now owns 330,499 shares of the aerospace company’s stock worth $154,720,000 after acquiring an additional 319,109 shares during the last quarter. 83.40% of the stock is owned by institutional investors.
Insider Transactions at Northrop Grumman
In other Northrop Grumman news, VP Kathryn G. Simpson sold 1,273 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $450.37, for a total value of $573,321.01. Following the transaction, the vice president now directly owns 2,735 shares in the company, valued at $1,231,761.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Kathryn G. Simpson sold 1,273 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $573,321.01. Following the transaction, the vice president now owns 2,735 shares of the company’s stock, valued at $1,231,761.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kathryn G. Simpson sold 711 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $453.22, for a total value of $322,239.42. Following the completion of the sale, the vice president now owns 2,024 shares of the company’s stock, valued at $917,317.28. The disclosure for this sale can be found here. In the last three months, insiders sold 3,149 shares of company stock worth $1,421,147. 0.22% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on NOC
Northrop Grumman Trading Down 1.2 %
Shares of NOC traded down $5.91 during trading hours on Friday, reaching $469.09. The stock had a trading volume of 1,443,462 shares, compared to its average volume of 1,144,324. The firm has a 50-day moving average of $464.96 and a 200 day moving average of $465.81. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 1.04. The company has a market cap of $69.42 billion, a P/E ratio of 32.80, a P/E/G ratio of 1.95 and a beta of 0.34. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $496.89.
Northrop Grumman (NYSE:NOC – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, beating the consensus estimate of $5.83 by $0.49. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.50 EPS. On average, sell-side analysts expect that Northrop Grumman Co. will post 24.7 earnings per share for the current fiscal year.
Northrop Grumman Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 26th were issued a dividend of $1.87 per share. This represents a $7.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, February 23rd. Northrop Grumman’s payout ratio is currently 52.31%.
Northrop Grumman Company Profile
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.
See Also
- Five stocks we like better than Northrop Grumman
- High Dividend REITs: Are They an Ideal Way to Diversify?
- MarketBeat Week in Review – 4/29 – 5/3
- 3 Monster Growth Stocks to Buy Now
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Co. (NYSE:NOC – Free Report).
Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.