F M Investments LLC Sells 8,517 Shares of Northrop Grumman Co. (NYSE:NOC)

F M Investments LLC decreased its position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 22.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,091 shares of the aerospace company's stock after selling 8,517 shares during the period. F M Investments LLC's holdings in Northrop Grumman were worth $13,652,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in Northrop Grumman during the 3rd quarter worth approximately $604,000. Nomura Asset Management Co. Ltd. raised its position in shares of Northrop Grumman by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 45,361 shares of the aerospace company's stock valued at $23,954,000 after acquiring an additional 275 shares in the last quarter. M&T Bank Corp boosted its holdings in Northrop Grumman by 5.4% in the third quarter. M&T Bank Corp now owns 19,726 shares of the aerospace company's stock worth $10,417,000 after purchasing an additional 1,002 shares during the period. Geode Capital Management LLC lifted its position in shares of Northrop Grumman by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,003,360 shares of the aerospace company's stock worth $1,581,644,000 after buying an additional 18,791 shares during the last quarter. Finally, Brown Financial Advisors acquired a new stake in Northrop Grumman during the third quarter worth about $519,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Analyst Ratings Changes

NOC has been the subject of several recent analyst reports. Susquehanna decreased their price target on Northrop Grumman from $625.00 to $557.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on Northrop Grumman from $545.00 to $547.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. The Goldman Sachs Group raised shares of Northrop Grumman from a "sell" rating to a "neutral" rating and upped their price target for the company from $424.00 to $521.00 in a report on Friday. Wolfe Research upgraded shares of Northrop Grumman from an "underperform" rating to a "peer perform" rating in a research report on Monday, February 3rd. Finally, Truist Financial assumed coverage on Northrop Grumman in a research report on Tuesday, January 14th. They set a "buy" rating and a $544.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $543.65.

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Northrop Grumman Price Performance

Shares of NYSE NOC traded down $0.82 during midday trading on Tuesday, reaching $535.00. The company's stock had a trading volume of 289,470 shares, compared to its average volume of 866,095. The company has a market cap of $77.11 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.73 and a beta of 0.20. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. The business's 50 day moving average price is $483.13 and its two-hundred day moving average price is $491.50.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 EPS for the quarter, beating analysts' consensus estimates of $6.27 by $0.12. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. On average, analysts forecast that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a $2.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 annualized dividend and a yield of 1.54%. Northrop Grumman's dividend payout ratio is presently 29.08%.

Insider Activity

In other Northrop Grumman 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 sale, the vice president now owns 245 shares in the company, valued at approximately $112,883.75. The trade was a 65.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kathy J. Warden sold 3,750 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 212,852 shares of the company's stock, valued at $101,243,053.80. This trade represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,505 shares of company stock valued at $2,127,182. 0.22% of the stock is currently owned by corporate insiders.

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.