Robeco Institutional Asset Management B.V. Has $53.90 Million Stock Position in Northrop Grumman Corporation (NYSE:NOC)

Robeco Institutional Asset Management B.V. increased its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,278 shares of the aerospace company's stock after acquiring an additional 672 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of Northrop Grumman worth $53,903,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth approximately $31,000. Wood Tarver Financial Group LLC purchased a new stake in Northrop Grumman in the 4th quarter worth approximately $32,000. Bellwether Advisors LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at $33,000. Rakuten Securities Inc. grew its holdings in shares of Northrop Grumman by 291.7% during the 4th quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 70 shares in the last quarter. Finally, HWG Holdings LP purchased a new position in shares of Northrop Grumman during the 1st quarter valued at $46,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Up 1.4%

NYSE:NOC opened at $493.74 on Friday. The company's 50 day moving average is $485.77 and its 200-day moving average is $483.27. The company has a quick ratio of 0.84, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 12 month low of $422.69 and a 12 month high of $555.57. The firm has a market cap of $71.06 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 5.32 and a beta of 0.14.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results 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). The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $10.07 billion. Northrop Grumman had a net margin of 9.19% and a return on equity of 25.46%. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were given a $2.31 dividend. This is an increase from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, June 2nd. Northrop Grumman's dividend payout ratio (DPR) is currently 36.46%.

Insider Transactions at Northrop Grumman

In other news, VP Roshan S. Roeder sold 991 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total value of $485,590.00. Following the sale, the vice president now owns 319 shares in the company, valued at approximately $156,310. This trade represents a 75.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas H. Jones sold 729 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $368,706.33. Following the transaction, the vice president now directly owns 7,552 shares in the company, valued at $3,819,575.04. This trade represents a 8.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,569 shares of company stock worth $8,322,279. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NOC. UBS Group cut their price objective on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Truist Financial cut their price target on Northrop Grumman from $600.00 to $550.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada lowered their price target on Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 price objective on Northrop Grumman and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Wall Street Zen cut shares of Northrop Grumman from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $552.54.

About Northrop Grumman

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.

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