Commerce Bank lessened its position in Northrop Grumman Co. (NYSE:NOC) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,689 shares of the aerospace company’s stock after selling 1,277 shares during the quarter. Commerce Bank’s holdings in Northrop Grumman were worth $5,308,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SVA Plumb Wealth Management LLC increased its holdings in Northrop Grumman by 2.5% during the 1st quarter. SVA Plumb Wealth Management LLC now owns 1,433 shares of the aerospace company’s stock worth $386,000 after purchasing an additional 35 shares during the period. Penserra Capital Management LLC increased its holdings in Northrop Grumman by 31.3% during the 4th quarter. Penserra Capital Management LLC now owns 168 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 40 shares during the period. First Personal Financial Services increased its holdings in Northrop Grumman by 6.5% during the 1st quarter. First Personal Financial Services now owns 658 shares of the aerospace company’s stock worth $177,000 after purchasing an additional 40 shares during the period. Pendal Group Ltd increased its holdings in Northrop Grumman by 1.1% during the 1st quarter. Pendal Group Ltd now owns 3,621 shares of the aerospace company’s stock worth $976,000 after purchasing an additional 41 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. increased its holdings in Northrop Grumman by 3.6% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 1,310 shares of the aerospace company’s stock worth $321,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 81.37% of the company’s stock.

Several equities research analysts have weighed in on NOC shares. Drexel Hamilton set a $335.00 price target on Northrop Grumman and gave the stock a “buy” rating in a report on Saturday, February 9th. Goldman Sachs Group downgraded Northrop Grumman from a “conviction-buy” rating to a “buy” rating in a report on Friday, February 1st. Bank of America restated a “buy” rating and set a $355.00 price target (down previously from $360.00) on shares of Northrop Grumman in a report on Friday, February 1st. Argus reiterated a “buy” rating on shares of Northrop Grumman in a report on Friday, February 1st. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Northrop Grumman in a report on Thursday, January 31st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Northrop Grumman currently has a consensus rating of “Buy” and a consensus price target of $333.06.

NOC opened at $316.63 on Thursday. Northrop Grumman Co. has a one year low of $223.63 and a one year high of $340.14. The stock has a market capitalization of $53.70 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.89. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.59.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $5.06 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.47. Northrop Grumman had a return on equity of 41.42% and a net margin of 9.67%. The business had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same quarter in the prior year, the business posted $4.21 EPS. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, research analysts expect that Northrop Grumman Co. will post 19.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Monday, June 3rd will be given a $1.32 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from Northrop Grumman’s previous quarterly dividend of $1.20. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.67%. Northrop Grumman’s dividend payout ratio is 22.50%.

In related news, Chairman Wesley G. Bush sold 50,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $291.59, for a total value of $14,579,500.00. Following the completion of the sale, the chairman now directly owns 46,275 shares of the company’s stock, valued at approximately $13,493,327.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David T. Perry sold 13,210 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $288.94, for a total value of $3,816,897.40. Following the completion of the sale, the vice president now directly owns 25,100 shares of the company’s stock, valued at $7,252,394. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,776 shares of company stock valued at $23,789,221. Insiders own 0.45% of the company’s stock.

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Northrop Grumman Company 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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