Northrop Grumman Co. (NYSE:NOC) Shares Sold by Voya Financial Advisors Inc.


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Voya Financial Advisors Inc. reduced its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 35.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,432 shares of the aerospace company’s stock after selling 1,324 shares during the period. Voya Financial Advisors Inc.’s holdings in Northrop Grumman were worth $736,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Northrop Grumman by 2.7% during the 4th quarter. BlackRock Inc. now owns 9,489,573 shares of the aerospace company’s stock worth $2,891,661,000 after purchasing an additional 246,575 shares during the last quarter. Morgan Stanley grew its stake in Northrop Grumman by 43.9% in the 4th quarter. Morgan Stanley now owns 1,412,149 shares of the aerospace company’s stock worth $430,309,000 after acquiring an additional 430,661 shares during the period. Bank of New York Mellon Corp grew its stake in Northrop Grumman by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,389,433 shares of the aerospace company’s stock worth $423,389,000 after acquiring an additional 46,424 shares during the period. Nuveen Asset Management LLC grew its stake in Northrop Grumman by 30.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,243,441 shares of the aerospace company’s stock worth $378,901,000 after acquiring an additional 289,553 shares during the period. Finally, Clearbridge Investments LLC grew its stake in Northrop Grumman by 382.9% in the 4th quarter. Clearbridge Investments LLC now owns 1,104,396 shares of the aerospace company’s stock worth $336,532,000 after acquiring an additional 875,705 shares during the period. Hedge funds and other institutional investors own 82.65% of the company’s stock.

In related news, VP Mary D. Petryszyn sold 968 shares of the company’s stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $302.93, for a total transaction of $293,236.24. Following the completion of the sale, the vice president now directly owns 7,307 shares of the company’s stock, valued at approximately $2,213,509.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David T. Perry sold 5,552 shares of the company’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $299.72, for a total transaction of $1,664,045.44. Following the sale, the vice president now directly owns 7,414 shares of the company’s stock, valued at $2,222,124.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,286 shares of company stock valued at $4,294,598. 0.27% of the stock is owned by corporate insiders.

Shares of Northrop Grumman stock opened at $333.97 on Thursday. The company has a fifty day moving average price of $307.18 and a 200 day moving average price of $305.44. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.36. Northrop Grumman Co. has a twelve month low of $282.88 and a twelve month high of $357.12. The stock has a market cap of $55.68 billion, a price-to-earnings ratio of 22.84 and a beta of 0.75.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, January 28th. The aerospace company reported $6.59 earnings per share for the quarter, topping analysts’ consensus estimates of $5.70 by $0.89. Northrop Grumman had a net margin of 6.94% and a return on equity of 40.02%. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the company earned $5.61 EPS. The firm’s revenue was up 17.1% on a year-over-year basis. Analysts forecast that Northrop Grumman Co. will post 22.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Monday, March 1st were given a dividend of $1.45 per share. The ex-dividend date was Friday, February 26th. This represents a $5.80 dividend on an annualized basis and a yield of 1.74%. Northrop Grumman’s dividend payout ratio (DPR) is 27.35%.

NOC has been the subject of several recent analyst reports. Susquehanna Bancshares lowered their target price on shares of Northrop Grumman from $380.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, January 29th. Susquehanna lowered their target price on shares of Northrop Grumman from $380.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, January 29th. They noted that the move was a valuation call. Morgan Stanley lowered their target price on shares of Northrop Grumman from $453.00 to $447.00 and set an “overweight” rating for the company in a research note on Monday, February 8th. Credit Suisse Group lowered their price objective on shares of Northrop Grumman from $377.00 to $353.00 and set an “outperform” rating for the company in a research note on Friday, January 29th. Finally, Robert W. Baird cut shares of Northrop Grumman from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $386.00 to $331.00 in a research note on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Northrop Grumman presently has an average rating of “Buy” and an average target price of $373.08.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems for strategic and tactical intelligence, surveillance, and reconnaissance (ISR) missions; and long-range strike aircraft systems, tactical fighter aircrafts, and airborne battle management systems.

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

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