MU Investments Co. Ltd. Lowers Stake in Northrop Grumman Co. (NOC)

MU Investments Co. Ltd. cut its holdings in Northrop Grumman Co. (NYSE:NOC) by 7.9% during the 4th quarter, Holdings Channel reports. The firm owned 18,090 shares of the aerospace company’s stock after selling 1,550 shares during the period. Northrop Grumman comprises approximately 3.8% of MU Investments Co. Ltd.’s investment portfolio, making the stock its 18th biggest holding. MU Investments Co. Ltd.’s holdings in Northrop Grumman were worth $5,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in NOC. Seven Eight Capital LP acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $154,000. BlueMountain Capital Management LLC grew its position in shares of Northrop Grumman by 10.2% in the second quarter. BlueMountain Capital Management LLC now owns 7,927 shares of the aerospace company’s stock valued at $2,035,000 after purchasing an additional 732 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $3,996,000. Thrivent Financial For Lutherans grew its position 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 valued at $1,756,000 after purchasing an additional 160 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $744,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

Several analysts have recently commented on NOC shares. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $309.00 price target on the stock in a research report on Wednesday, September 20th. Vertical Research reiterated a “buy” rating and issued a $296.00 price target (up from $280.00) on shares of Northrop Grumman in a research report on Wednesday, September 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $255.00 price target on shares of Northrop Grumman in a research report on Thursday, September 21st. Jefferies Group restated a “hold” rating and set a $269.00 target price on shares of Northrop Grumman in a research report on Friday, September 29th. Finally, Deutsche Bank restated a “buy” rating and set a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman in a research report on Monday, October 2nd. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Northrop Grumman presently has an average rating of “Buy” and an average price target of $302.21.

In other Northrop Grumman news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction 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 transaction, the chief operating officer now owns 77,200 shares in the company, valued at approximately $22,885,940. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sid Ashworth sold 6,311 shares of Northrop Grumman stock in a transaction on Friday, October 27th. The shares were sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the completion of the transaction, the vice president now owns 63,147 shares in the company, valued at approximately $18,817,806. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,417 shares of company stock worth $6,365,189. 0.70% of the stock is owned by company insiders.

Shares of Northrop Grumman Co. (NYSE:NOC) opened at $312.54 on Wednesday. Northrop Grumman Co. has a 1 year low of $223.88 and a 1 year high of $318.70. The stock has a market cap of $54,860.84, a P/E ratio of 23.29, a P/E/G ratio of 2.85 and a beta of 0.69. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. Northrop Grumman’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.35 earnings per share. analysts forecast that Northrop Grumman Co. will post 13.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.28%. Northrop Grumman’s dividend payout ratio (DPR) is presently 29.81%.

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

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