Exxonmobil Investment Management Inc. TX reduced its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,679 shares of the aerospace company’s stock after selling 4,123 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Northrop Grumman were worth $8,495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Salem Investment Counselors Inc. boosted its stake in shares of Northrop Grumman by 1.2% during the second quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock valued at $208,000 after purchasing an additional 10 shares during the period. Cetera Investment Advisers boosted its stake in shares of Northrop Grumman by 0.8% during the second quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 10 shares during the period. WFG Advisors LP boosted its stake in shares of Northrop Grumman by 4.9% during the second quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 28 shares during the period. Bank of Hawaii boosted its stake in shares of Northrop Grumman by 0.9% during the second quarter. Bank of Hawaii now owns 3,488 shares of the aerospace company’s stock valued at $895,000 after purchasing an additional 30 shares during the period. Finally, Mariner Wealth Advisors LLC boosted its stake in shares of Northrop Grumman by 1.0% during the second quarter. Mariner Wealth Advisors LLC now owns 3,636 shares of the aerospace company’s stock valued at $933,000 after purchasing an additional 36 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

In other Northrop Grumman news, 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 completion of the transaction, the vice president now directly owns 58,186 shares in the company, valued at $17,203,854.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Denise M. Peppard sold 2,328 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the transaction, the vice president now owns 28,553 shares of the company’s stock, valued at $8,590,455.58. The disclosure for this sale can be found here. Insiders sold 21,417 shares of company stock valued at $6,365,189 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Northrop Grumman Co. (NOC) traded up $0.04 during trading hours on Tuesday, reaching $308.26. 660,700 shares of the company were exchanged, compared to its average volume of 704,580. The stock has a market capitalization of $54,340.00, a price-to-earnings ratio of 22.97, a PEG ratio of 3.03 and a beta of 0.69. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. Northrop Grumman Co. has a 52 week low of $223.88 and a 52 week high of $311.15.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion during 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 firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.35 earnings per share. sell-side analysts predict that Northrop Grumman Co. will post 13.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th were issued a $1.00 dividend. The ex-dividend date was Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 1.30%. Northrop Grumman’s dividend payout ratio is presently 29.81%.

A number of analysts recently weighed in on NOC shares. Zacks Investment Research lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Vertical Research reaffirmed a “buy” rating and issued a $296.00 price objective (up from $280.00) on shares of Northrop Grumman in a research note on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $255.00 price objective on shares of Northrop Grumman in a research note on Thursday, September 21st. Jefferies Group reaffirmed a “hold” rating and issued a $269.00 price objective on shares of Northrop Grumman in a research note on Friday, September 29th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $325.00 price objective (up from $285.00) on shares of Northrop Grumman in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $299.67.

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

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