Northrop Grumman Co. (NYSE:NOC) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its holdings in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,620 shares of the aerospace company’s stock after selling 1,680 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Northrop Grumman were worth $11,078,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NOC. Sanders Capital LLC acquired a new position in Northrop Grumman in the third quarter worth about $733,486,000. Bessemer Group Inc. grew its stake in Northrop Grumman by 50.3% in the fourth quarter. Bessemer Group Inc. now owns 1,080,412 shares of the aerospace company’s stock worth $418,193,000 after purchasing an additional 361,501 shares in the last quarter. Morgan Stanley grew its stake in Northrop Grumman by 7.4% in the third quarter. Morgan Stanley now owns 1,854,151 shares of the aerospace company’s stock worth $667,772,000 after purchasing an additional 128,163 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Northrop Grumman by 2.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,046,845 shares of the aerospace company’s stock valued at $2,177,771,000 after acquiring an additional 123,221 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Northrop Grumman in the fourth quarter valued at approximately $46,201,000. Institutional investors and hedge funds own 83.20% of the company’s stock.

A number of equities analysts have commented on NOC shares. Wells Fargo & Company lifted their target price on Northrop Grumman from $390.00 to $472.00 and gave the company an “equal weight” rating in a research note on Monday, March 7th. Susquehanna Bancshares lifted their price target on Northrop Grumman from $416.00 to $437.00 and gave the company a “positive” rating in a report on Friday, January 28th. Wolfe Research cut Northrop Grumman from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 11th. Susquehanna boosted their target price on Northrop Grumman from $416.00 to $437.00 in a report on Friday, January 28th. Finally, StockNews.com began coverage on Northrop Grumman in a report on Thursday, March 31st. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $427.27.

In other Northrop Grumman news, CAO Michael A. Hardesty sold 347 shares of Northrop Grumman stock in a transaction on Monday, February 14th. The shares were sold at an average price of $397.00, for a total transaction of $137,759.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sheila C. Cheston sold 575 shares of Northrop Grumman stock in a transaction on Monday, February 14th. The stock was sold at an average price of $397.00, for a total transaction of $228,275.00. The disclosure for this sale can be found here. Insiders sold a total of 10,738 shares of company stock valued at $4,485,857 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

NOC stock traded down $0.37 during mid-day trading on Tuesday, reaching $465.21. 7,183 shares of the stock traded hands, compared to its average volume of 1,043,555. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 0.99. Northrop Grumman Co. has a 52 week low of $336.03 and a 52 week high of $490.82. The business has a 50-day moving average of $436.33 and a two-hundred day moving average of $398.48. The firm has a market capitalization of $72.44 billion, a PE ratio of 10.67, a P/E/G ratio of 3.05 and a beta of 0.74.

Northrop Grumman (NYSE:NOCGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The aerospace company reported $6.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.95 by $0.05. Northrop Grumman had a net margin of 19.64% and a return on equity of 35.83%. The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $9 billion. During the same quarter in the prior year, the business posted $6.59 earnings per share. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. On average, equities research analysts anticipate that Northrop Grumman Co. will post 24.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 16th. Investors of record on Monday, February 28th were given a $1.57 dividend. This represents a $6.28 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, February 25th. Northrop Grumman’s dividend payout ratio (DPR) is presently 14.40%.

Northrop Grumman Profile (Get Rating)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

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

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