Quantinno Capital Management LP Has $19.07 Million Stake in Northrop Grumman Co. (NYSE:NOC)

Quantinno Capital Management LP lifted its stake in Northrop Grumman Co. (NYSE:NOC - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,640 shares of the aerospace company's stock after buying an additional 7,026 shares during the period. Quantinno Capital Management LP's holdings in Northrop Grumman were worth $19,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of NOC. Vanguard Group Inc. grew 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 valued at $5,949,556,000 after acquiring an additional 56,807 shares during the last quarter. Capital International Investors grew its stake in shares of Northrop Grumman by 5.9% during the fourth quarter. Capital International Investors now owns 8,239,434 shares of the aerospace company's stock worth $3,866,133,000 after buying an additional 461,307 shares during the last quarter. Wellington Management Group LLP boosted 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 valued at $1,954,452,000 after acquiring an additional 23,808 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Northrop Grumman by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 3,025,263 shares of the aerospace company's stock valued at $1,417,850,000 after purchasing an additional 21,903 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Northrop Grumman by 4.1% during the fourth quarter. FMR LLC now owns 2,807,223 shares of the aerospace company's stock worth $1,317,402,000 after purchasing an additional 109,308 shares during the last quarter. Institutional investors own 83.40% of the company's stock.

Northrop Grumman Stock Down 1.6%

NOC stock opened at $471.36 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The stock's 50 day simple moving average is $498.10 and its 200 day simple moving average is $486.49. The company has a market cap of $67.84 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 3.73 and a beta of 0.15.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.27). Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $10.07 billion. On average, research analysts expect that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were given a dividend of $2.06 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.75%. Northrop Grumman's payout ratio is 32.52%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company set a $525.00 price target on shares of Northrop Grumman and gave the company an "overweight" rating in a research report on Thursday, April 24th. StockNews.com downgraded Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Susquehanna lowered their target price on Northrop Grumman from $557.00 to $540.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group raised Northrop Grumman from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $424.00 to $521.00 in a report on Friday, April 11th. Finally, Citigroup increased their price target on Northrop Grumman from $587.00 to $591.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Northrop Grumman presently has an average rating of "Moderate Buy" and a consensus target price of $545.31.

Insider Buying and Selling

In related news, CEO Kathy J. Warden sold 3,750 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $213,788.00. Following the completion of the sale, the vice president now directly owns 245 shares of the company's stock, valued at $112,883.75. The trade was a 65.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,505 shares of company stock worth $2,127,632. 0.23% of the stock is 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.

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