Peachtree Investment Partners LLC Sells 626 Shares of Northrop Grumman Co. (NYSE:NOC)

Peachtree Investment Partners LLC reduced its holdings in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,554 shares of the aerospace company's stock after selling 626 shares during the quarter. Northrop Grumman accounts for about 1.0% of Peachtree Investment Partners LLC's holdings, making the stock its 20th biggest position. Peachtree Investment Partners LLC's holdings in Northrop Grumman were worth $2,606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NOC. Sapient Capital LLC increased its holdings in Northrop Grumman by 1.1% during the 4th quarter. Sapient Capital LLC now owns 2,049 shares of the aerospace company's stock worth $962,000 after purchasing an additional 22 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Northrop Grumman by 2.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock worth $472,000 after buying an additional 22 shares in the last quarter. Mather Group LLC. raised its position in Northrop Grumman by 2.6% in the 4th quarter. Mather Group LLC. now owns 900 shares of the aerospace company's stock valued at $422,000 after buying an additional 23 shares during the last quarter. Jacobi Capital Management LLC lifted its stake in Northrop Grumman by 1.2% during the 4th quarter. Jacobi Capital Management LLC now owns 1,987 shares of the aerospace company's stock valued at $933,000 after acquiring an additional 23 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC boosted its holdings in Northrop Grumman by 5.9% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 432 shares of the aerospace company's stock worth $203,000 after acquiring an additional 24 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

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Insider Buying and Selling at Northrop Grumman

In other news, CEO Kathy J. Warden sold 3,750 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 directly owns 212,852 shares in the company, valued at approximately $101,243,053.80. This trade represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Benjamin R. Davies sold 464 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $460.75, for a total transaction of $213,788.00. Following the sale, the vice president now directly owns 245 shares in the company, valued at $112,883.75. This trade represents a 65.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,505 shares of company stock valued at $2,127,182 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Performance

Shares of NYSE NOC traded up $18.05 during midday trading on Friday, hitting $534.14. The company's stock had a trading volume of 1,178,801 shares, compared to its average volume of 868,794. The firm has a market capitalization of $76.99 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 3.73 and a beta of 0.20. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average price of $481.83 and a 200 day moving average price of $491.44. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57.

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

Northrop Grumman Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on NOC. Barclays lowered their target price on shares of Northrop Grumman from $550.00 to $500.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Wolfe Research raised shares of Northrop Grumman from an "underperform" rating to a "peer perform" rating in a research report on Monday, February 3rd. Argus upgraded Northrop Grumman to a "strong-buy" rating in a research note on Wednesday, February 26th. Citigroup increased their price target on Northrop Grumman from $587.00 to $591.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, Susquehanna cut their price objective on Northrop Grumman from $625.00 to $557.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $543.65.

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.