NBW Capital LLC Buys 275 Shares of Northrop Grumman Co. (NYSE:NOC)

NBW Capital LLC lifted its stake in Northrop Grumman Co. (NYSE:NOC) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,063 shares of the aerospace company’s stock after acquiring an additional 275 shares during the period. NBW Capital LLC’s holdings in Northrop Grumman were worth $3,775,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NOC. JPMorgan Chase & Co. boosted its stake in Northrop Grumman by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 4,488,412 shares of the aerospace company’s stock valued at $1,975,754,000 after buying an additional 410,736 shares during the period. Morgan Stanley boosted its stake in Northrop Grumman by 3.5% during the third quarter. Morgan Stanley now owns 4,194,298 shares of the aerospace company’s stock valued at $1,846,289,000 after buying an additional 142,036 shares during the period. Bank of New York Mellon Corp boosted its stake in Northrop Grumman by 29.2% during the third quarter. Bank of New York Mellon Corp now owns 1,605,679 shares of the aerospace company’s stock valued at $706,804,000 after buying an additional 362,515 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Northrop Grumman by 30.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,567,612 shares of the aerospace company’s stock valued at $723,799,000 after buying an additional 362,449 shares during the period. Finally, Northern Trust Corp boosted its stake in Northrop Grumman by 6.8% during the third quarter. Northern Trust Corp now owns 1,244,324 shares of the aerospace company’s stock valued at $547,739,000 after buying an additional 79,263 shares during the period. 83.40% of the stock is owned by institutional investors.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, CAO Michael A. Hardesty sold 210 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $454.68, for a total value of $95,482.80. Following the sale, the chief accounting officer now owns 3,127 shares in the company, valued at $1,421,784.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Michael A. Hardesty sold 210 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total value of $95,482.80. Following the sale, the chief accounting officer now directly owns 3,127 shares of the company’s stock, valued at approximately $1,421,784.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kathryn G. Simpson sold 1,273 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $573,321.01. Following the completion of the sale, the vice president now owns 2,735 shares in the company, valued at approximately $1,231,761.95. The disclosure for this sale can be found here. Insiders have sold 3,149 shares of company stock valued at $1,421,147 in the last three months. 0.22% of the stock is currently owned by company insiders.

Northrop Grumman Trading Down 0.0 %

NYSE:NOC traded down $0.02 during mid-day trading on Thursday, reaching $452.03. 293,225 shares of the company’s stock traded hands, compared to its average volume of 980,574. Northrop Grumman Co. has a 12-month low of $414.56 and a 12-month high of $496.89. The firm has a market capitalization of $66.99 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 1.81 and a beta of 0.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.15 and a quick ratio of 1.05. The company has a 50 day moving average price of $459.54 and a 200-day moving average price of $464.20.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, January 25th. The aerospace company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.47. Northrop Grumman had a return on equity of 23.07% and a net margin of 5.23%. The firm had revenue of $10.64 billion during the quarter, compared to analyst estimates of $10.43 billion. During the same quarter in the prior year, the company earned $7.50 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that Northrop Grumman Co. will post 24.67 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 26th were issued a dividend of $1.87 per share. This represents a $7.48 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 55.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Robert W. Baird dropped their price target on Northrop Grumman from $505.00 to $475.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $450.00 price target (down previously from $515.00) on shares of Northrop Grumman in a research note on Friday, January 26th. Susquehanna dropped their price target on Northrop Grumman from $560.00 to $540.00 and set a “positive” rating for the company in a research note on Friday, January 26th. Finally, TheStreet lowered Northrop Grumman from a “b+” rating to a “c+” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $494.33.

Northrop Grumman Profile

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.