Curi RMB Capital LLC Sells 975 Shares of Northrop Grumman Co. (NYSE:NOC)

Curi RMB Capital LLC decreased its position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,993 shares of the aerospace company's stock after selling 975 shares during the period. Curi RMB Capital LLC's holdings in Northrop Grumman were worth $10,321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $31,000. Albion Financial Group UT bought a new position in Northrop Grumman during the fourth quarter valued at about $33,000. Modus Advisors LLC acquired a new stake in Northrop Grumman during the fourth quarter valued at approximately $38,000. Stonebridge Financial Group LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth $42,000. Finally, Rakuten Securities Inc. boosted its stake in Northrop Grumman by 291.7% in the 4th quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company's stock worth $44,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Price Performance

NYSE:NOC traded up $8.19 during mid-day trading on Wednesday, hitting $472.27. 1,929,122 shares of the company's stock traded hands, compared to its average volume of 884,691. The firm's 50 day simple moving average is $489.82 and its 200 day simple moving average is $491.26. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57. The company has a market cap of $68.07 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 3.73 and a beta of 0.20. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $10.07 billion. Sell-side analysts expect that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were paid a dividend of $2.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.74%. Northrop Grumman's payout ratio is currently 29.08%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Northrop Grumman from $545.00 to $547.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. The Goldman Sachs Group raised shares of Northrop Grumman from a "sell" rating to a "neutral" rating and upped their target price for the company from $424.00 to $521.00 in a research note on Friday, April 11th. Morgan Stanley boosted their target price on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Argus upgraded shares of Northrop Grumman to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, StockNews.com lowered Northrop Grumman from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Northrop Grumman currently has a consensus rating of "Moderate Buy" and a consensus price target of $544.24.

Insider Activity

In other news, VP Benjamin R. Davies sold 464 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $460.75, for a total value of $213,788.00. Following the transaction, the vice president now owns 245 shares in the company, valued at $112,883.75. This represents a 65.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $475.65, for a total value of $1,783,687.50. Following the completion of the transaction, the chief executive officer now owns 212,852 shares in the company, valued at $101,243,053.80. This represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,505 shares of company stock valued at $2,127,182. Insiders own 0.23% of the company's stock.

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.