Profund Advisors LLC increased its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 27.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,970 shares of the aerospace company’s stock after purchasing an additional 1,272 shares during the period. Profund Advisors LLC’s holdings in Northrop Grumman were worth $1,832,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ibex Wealth Advisors lifted its position in shares of Northrop Grumman by 2.1% during the 4th quarter. Ibex Wealth Advisors now owns 7,330 shares of the aerospace company’s stock worth $2,259,000 after purchasing an additional 153 shares during the last quarter. Clifford Swan Investment Counsel LLC lifted its position in shares of Northrop Grumman by 0.6% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 26,398 shares of the aerospace company’s stock worth $8,102,000 after purchasing an additional 165 shares during the last quarter. Monroe Bank & Trust MI lifted its position in shares of Northrop Grumman by 16.1% during the 3rd quarter. Monroe Bank & Trust MI now owns 1,205 shares of the aerospace company’s stock worth $280,000 after purchasing an additional 167 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in shares of Northrop Grumman by 39.7% during the 3rd quarter. Hanseatic Management Services Inc. now owns 591 shares of the aerospace company’s stock worth $170,000 after purchasing an additional 168 shares during the last quarter. Finally, BB&T Securities LLC lifted its position in shares of Northrop Grumman by 2.4% during the 3rd quarter. BB&T Securities LLC now owns 7,147 shares of the aerospace company’s stock worth $2,056,000 after purchasing an additional 169 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.
In other news, VP Michael A. Hardesty sold 1,296 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $353.20, for a total value of $457,747.20. Following the sale, the vice president now directly owns 6,677 shares in the company, valued at approximately $2,358,316.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael A. Hardesty sold 2,941 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $351.06, for a total value of $1,032,467.46. Following the completion of the sale, the vice president now owns 9,202 shares in the company, valued at $3,230,454.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,344 shares of company stock worth $2,896,627. Corporate insiders own 0.70% of the company’s stock.
Northrop Grumman Co. (NYSE:NOC) opened at $349.64 on Friday. Northrop Grumman Co. has a 12 month low of $233.20 and a 12 month high of $359.43. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.24 and a current ratio of 2.35. The stock has a market capitalization of $60,868.13, a PE ratio of 26.33, a P/E/G ratio of 2.51 and a beta of 0.78.
Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.07. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The company had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the company posted $2.96 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. equities analysts anticipate that Northrop Grumman Co. will post 15.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th will be paid a $1.10 dividend. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, March 2nd. Northrop Grumman’s dividend payout ratio is currently 38.36%.
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Northrop Grumman Company 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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