Mutual of America Capital Management LLC Has $8.09 Million Position in Northrop Grumman Corporation (NYSE:NOC)

Mutual of America Capital Management LLC trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,802 shares of the aerospace company's stock after selling 582 shares during the period. Mutual of America Capital Management LLC's holdings in Northrop Grumman were worth $8,091,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Northrop Grumman by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 12,677,781 shares of the aerospace company's stock worth $5,949,556,000 after purchasing an additional 56,807 shares during the period. Capital International Investors raised its stake in shares of Northrop Grumman by 5.9% in the 4th quarter. Capital International Investors now owns 8,239,434 shares of the aerospace company's stock valued at $3,866,133,000 after buying an additional 461,307 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Northrop Grumman by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 4,164,700 shares of the aerospace company's stock worth $1,954,452,000 after acquiring an additional 23,808 shares during the period. Geode Capital Management LLC boosted its position in shares of Northrop Grumman by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 3,025,263 shares of the aerospace company's stock valued at $1,417,850,000 after acquiring an additional 21,903 shares in the last quarter. Finally, FMR LLC increased its stake in Northrop Grumman by 4.1% in the fourth quarter. FMR LLC now owns 2,807,223 shares of the aerospace company's stock valued at $1,317,402,000 after acquiring an additional 109,308 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Up 0.9%

NOC traded up $4.86 on Thursday, hitting $524.56. 620,915 shares of the company were exchanged, compared to its average volume of 877,406. The stock's fifty day moving average is $491.12 and its 200-day moving average is $486.55. Northrop Grumman Corporation has a 12 month low of $426.24 and a 12 month high of $555.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.95. The company has a market cap of $75.50 billion, a PE ratio of 20.70, a PEG ratio of 6.14 and a beta of 0.15.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). Northrop Grumman had a return on equity of 25.46% and a net margin of 9.19%. The company had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $10.07 billion. Equities research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a dividend of $2.31 per share. The ex-dividend date was Monday, June 2nd. This represents a $9.24 dividend on an annualized basis and a yield of 1.76%. This is a boost from Northrop Grumman's previous quarterly dividend of $2.06. Northrop Grumman's dividend payout ratio (DPR) is presently 36.46%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NOC. Wells Fargo & Company set a $525.00 price target on Northrop Grumman and gave the company an "overweight" rating in a research report on Thursday, April 24th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Northrop Grumman in a report on Monday. Truist Financial cut their price target on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $542.00 price objective (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada cut their target price on shares of Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Northrop Grumman has an average rating of "Moderate Buy" and an average target price of $550.00.

Insiders Place Their Bets

In other news, VP Robert J. Fleming sold 3,500 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $1,770,195.00. Following the completion of the sale, the vice president owned 1,827 shares of the company's stock, valued at approximately $924,041.79. The trade was a 65.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas H. Jones sold 729 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $368,706.33. Following the completion of the transaction, the vice president owned 7,552 shares in the company, valued at $3,819,575.04. This trade represents a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,569 shares of company stock valued at $8,323,150 over the last 90 days. 0.23% of the stock is owned by 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.