Macnealy Hoover Investment Management Inc. lowered its stake in Northrop Grumman Co. (NYSE:NOC) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,003 shares of the aerospace company’s stock after selling 225 shares during the period. Northrop Grumman makes up approximately 1.3% of Macnealy Hoover Investment Management Inc.’s holdings, making the stock its 26th largest holding. Macnealy Hoover Investment Management Inc.’s holdings in Northrop Grumman were worth $1,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOC. Thrivent Financial For Lutherans increased its holdings in shares of Northrop Grumman by 2.4% in the second quarter. Thrivent Financial For Lutherans now owns 6,838 shares of the aerospace company’s stock worth $1,756,000 after buying an additional 160 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of Northrop Grumman in the second quarter worth about $744,000. D.A. Davidson & CO. increased its holdings in shares of Northrop Grumman by 507.2% in the second quarter. D.A. Davidson & CO. now owns 9,175 shares of the aerospace company’s stock worth $2,355,000 after buying an additional 7,664 shares during the period. Public Sector Pension investment Board increased its holdings in shares of Northrop Grumman by 9.5% in the second quarter. Public Sector Pension investment Board now owns 82,954 shares of the aerospace company’s stock worth $21,295,000 after buying an additional 7,200 shares during the period. Finally, TIAA FSB purchased a new position in shares of Northrop Grumman in the second quarter worth about $8,683,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Northrop Grumman Co. (NYSE:NOC) traded up $2.07 during trading on Friday, reaching $316.37. The company’s stock had a trading volume of 872,851 shares, compared to its average volume of 697,577. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21. The company has a market cap of $55,070.00, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69. Northrop Grumman Co. has a fifty-two week low of $223.88 and a fifty-two week high of $318.70.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.35 EPS. equities analysts forecast that Northrop Grumman Co. will post 13.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $4.00 annualized dividend and a yield of 1.26%. Northrop Grumman’s payout ratio is 29.81%.

NOC has been the topic of several recent analyst reports. Zacks Investment Research cut Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Bank of America set a $350.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research note on Friday, October 27th. JPMorgan Chase & Co. raised Northrop Grumman from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $317.00 to $355.00 in a research note on Tuesday, December 12th. ValuEngine raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada set a $374.00 target price on Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $302.21.

In other Northrop Grumman news, VP Denise M. Peppard sold 5,037 shares of Northrop Grumman stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the sale, the vice president now directly owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $296.45, for a total value of $2,294,819.45. Following the sale, the chief operating officer now directly owns 77,200 shares in the company, valued at $22,885,940. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,417 shares of company stock worth $6,365,189. Insiders own 0.70% of the company’s stock.

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

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