Evermay Wealth Management LLC reduced its stake in Northrop Grumman Co. (NYSE:NOC) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 893 shares of the aerospace company’s stock after selling 311 shares during the quarter. Evermay Wealth Management LLC’s holdings in Northrop Grumman were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NOC. Ropes Wealth Advisors LLC acquired a new position in shares of Northrop Grumman in the third quarter worth approximately $144,000. WFG Advisors LP lifted its stake in shares of Northrop Grumman by 4.9% in the second quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 28 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Northrop Grumman in the third quarter worth approximately $154,000. Hanseatic Management Services Inc. lifted its stake in shares of Northrop Grumman by 39.7% in the third quarter. Hanseatic Management Services Inc. now owns 591 shares of the aerospace company’s stock worth $170,000 after acquiring an additional 168 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. acquired a new position in shares of Northrop Grumman in the third quarter worth approximately $201,000. 80.56% of the stock is currently owned by institutional investors.

Northrop Grumman Co. (NOC) opened at $337.44 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 2.04. Northrop Grumman Co. has a 12-month low of $233.20 and a 12-month high of $349.18. The firm has a market capitalization of $57,917.20, a P/E ratio of 25.05, a PEG ratio of 2.40 and a beta of 0.82.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $2.96 earnings per share. Northrop Grumman’s revenue for the quarter was up 3.7% on a year-over-year basis. research analysts predict that Northrop Grumman Co. will post 15.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 5th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, March 2nd. Northrop Grumman’s dividend payout ratio is presently 34.87%.

Several equities analysts have issued reports on the company. Argus boosted their price target on Northrop Grumman to $375.00 and gave the company a “positive” rating in a research note on Monday, February 5th. Zacks Investment Research lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Robert W. Baird reissued a “buy” rating and issued a $394.00 price target on shares of Northrop Grumman in a research note on Friday, January 26th. Wells Fargo & Co raised Northrop Grumman from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada set a $389.00 price target on Northrop Grumman and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Northrop Grumman presently has an average rating of “Buy” and a consensus target price of $317.47.

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

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