Elkhorn Investments LLC grew its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,275 shares of the aerospace company’s stock after buying an additional 204 shares during the quarter. Northrop Grumman makes up 1.1% of Elkhorn Investments LLC’s portfolio, making the stock its 17th largest position. Elkhorn Investments LLC’s holdings in Northrop Grumman were worth $1,420,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Icon Wealth Partners LLC bought a new stake in shares of Northrop Grumman in the 4th quarter valued at about $100,000. Truewealth LLC bought a new stake in shares of Northrop Grumman in the 4th quarter valued at about $110,000. Ropes Wealth Advisors LLC bought a new stake in shares of Northrop Grumman in the 3rd quarter valued at about $144,000. Crewe Advisors LLC bought a new stake in shares of Northrop Grumman in the 4th quarter valued at about $159,000. Finally, Hanseatic Management Services Inc. raised its holdings in shares of Northrop Grumman by 39.7% in the 3rd quarter. Hanseatic Management Services Inc. now owns 591 shares of the aerospace company’s stock valued at $170,000 after purchasing an additional 168 shares during the period. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
In other Northrop Grumman news, VP Denise M. Peppard sold 2,539 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $335.12, for a total transaction of $850,869.68. Following the transaction, the vice president now owns 38,613 shares in the company, valued at approximately $12,939,988.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Janis G. Pamiljans sold 1,568 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $354.30, for a total transaction of $555,542.40. Following the transaction, the vice president now owns 6,677 shares in the company, valued at approximately $2,365,661.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,344 shares of company stock worth $2,896,627. 0.70% of the stock is owned by company insiders.
Shares of Northrop Grumman Co. (NYSE NOC) traded down $1.07 on Wednesday, reaching $343.26. 34,916 shares of the company were exchanged, compared to its average volume of 1,020,403. Northrop Grumman Co. has a twelve month low of $233.20 and a twelve month high of $359.43. The firm has a market cap of $60,011.48, a price-to-earnings ratio of 30.02, a P/E/G ratio of 2.47 and a beta of 0.78. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.24 and a current ratio of 2.35.
Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 EPS for the quarter, beating the Zacks’ consensus estimate of $2.75 by $0.07. Northrop Grumman had a net margin of 7.81% and a return on equity of 37.28%. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the business earned $2.96 EPS. Northrop Grumman’s quarterly revenue was up 3.7% on a year-over-year basis. analysts anticipate that Northrop Grumman Co. will post 15.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 5th will be paid a $1.10 dividend. The ex-dividend date is Friday, March 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.28%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. Northrop Grumman’s dividend payout ratio is 38.36%.
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.
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