Northrop Grumman Co. (NOC) Position Trimmed by Brinker Capital Inc.

Brinker Capital Inc. lowered its stake in Northrop Grumman Co. (NYSE:NOC) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,803 shares of the aerospace company’s stock after selling 3,670 shares during the period. Brinker Capital Inc.’s holdings in Northrop Grumman were worth $5,829,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Change Path LLC boosted its holdings in shares of Northrop Grumman by 5.7% during the 4th quarter. Change Path LLC now owns 1,846 shares of the aerospace company’s stock valued at $452,000 after buying an additional 100 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Northrop Grumman by 50.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 300 shares of the aerospace company’s stock valued at $73,000 after buying an additional 100 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in shares of Northrop Grumman by 76.1% during the 4th quarter. Cohen & Steers Inc. now owns 55,967 shares of the aerospace company’s stock valued at $13,706,000 after buying an additional 24,186 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in shares of Northrop Grumman by 6,378.5% during the 4th quarter. Nomura Holdings Inc. now owns 60,639 shares of the aerospace company’s stock valued at $14,824,000 after buying an additional 59,703 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Northrop Grumman by 97.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 286,106 shares of the aerospace company’s stock valued at $70,067,000 after buying an additional 141,496 shares in the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

In other news, VP David T. Perry sold 13,210 shares of Northrop Grumman stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $288.94, for a total value of $3,816,897.40. Following the completion of the transaction, the vice president now owns 25,100 shares of the company’s stock, valued at approximately $7,252,394. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mark A. Caylor sold 9,501 shares of Northrop Grumman stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $285.45, for a total value of $2,712,060.45. Following the completion of the transaction, the vice president now directly owns 25,280 shares of the company’s stock, valued at approximately $7,216,176. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,289 shares of company stock valued at $34,274,861. 0.62% of the stock is owned by insiders.

NOC opened at $271.21 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $47.38 billion, a PE ratio of 12.71, a P/E/G ratio of 1.13 and a beta of 0.89. Northrop Grumman Co. has a 1 year low of $223.63 and a 1 year high of $360.88.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, January 31st. The aerospace company reported $4.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.48. The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.11 billion. Northrop Grumman had a return on equity of 41.24% and a net margin of 9.73%. During the same quarter in the previous year, the firm earned $2.82 EPS. Sell-side analysts forecast that Northrop Grumman Co. will post 18.94 earnings per share for the current fiscal year.

Northrop Grumman declared that its Board of Directors has authorized a share buyback program on Tuesday, December 4th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the aerospace company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 25th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, February 22nd. Northrop Grumman’s dividend payout ratio is presently 22.50%.

A number of brokerages have recently commented on NOC. ValuEngine cut shares of Northrop Grumman from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Cowen restated a “hold” rating and set a $300.00 target price on shares of Northrop Grumman in a report on Thursday, January 31st. Argus restated a “buy” rating on shares of Northrop Grumman in a report on Friday, February 1st. Zacks Investment Research cut shares of Northrop Grumman from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Drexel Hamilton restated a “buy” rating and set a $335.00 target price on shares of Northrop Grumman in a report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Northrop Grumman has an average rating of “Buy” and an average target price of $336.39.

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Northrop Grumman Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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

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