BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 21.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,257 shares of the aerospace company’s stock after acquiring an additional 17,319 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Northrop Grumman worth $30,463,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Ibex Wealth Advisors raised 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 acquiring an additional 153 shares in the last quarter. Clifford Swan Investment Counsel LLC raised 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 acquiring an additional 165 shares in the last quarter. BB&T Securities LLC raised 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 acquiring an additional 169 shares in the last quarter. Tarbox Family Office Inc. raised its position in shares of Northrop Grumman by 27.3% during the 4th quarter. Tarbox Family Office Inc. now owns 834 shares of the aerospace company’s stock worth $256,000 after acquiring an additional 179 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Northrop Grumman by 1.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,686 shares of the aerospace company’s stock worth $5,664,000 after acquiring an additional 186 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.
In other Northrop Grumman news, VP Denise M. Peppard sold 2,539 shares of Northrop Grumman stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $335.12, for a total value of $850,869.68. Following the transaction, the vice president now directly owns 38,613 shares in the company, valued at approximately $12,939,988.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Janis G. Pamiljans sold 1,568 shares of Northrop Grumman stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $354.30, for a total value of $555,542.40. Following the completion of the transaction, the vice president now owns 6,677 shares in the company, valued at $2,365,661.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,344 shares of company stock worth $2,896,627. 0.70% of the stock is currently owned by corporate insiders.
Northrop Grumman Co. (NOC) opened at $338.83 on Friday. The company has a market capitalization of $60,509.37, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.49 and a beta of 0.78. 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.
Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.75 by $0.07. The company had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.34 billion. Northrop Grumman had a return on equity of 37.28% and a net margin of 7.81%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.96 earnings per share. equities analysts expect that Northrop Grumman Co. will post 15.25 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Monday, March 5th were given a dividend of $1.10 per share. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $4.40 annualized dividend and a yield of 1.30%. Northrop Grumman’s payout ratio is 38.36%.
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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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