Northrop Grumman Co. (NYSE:NOC) Shares Sold by Sawtooth Solutions LLC

Sawtooth Solutions LLC cut its stake in Northrop Grumman Co. (NYSE:NOC) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,373 shares of the aerospace company’s stock after selling 467 shares during the quarter. Sawtooth Solutions LLC’s holdings in Northrop Grumman were worth $909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NOC. Corient Capital Partners LLC raised its position in Northrop Grumman by 76.0% in the 1st quarter. Corient Capital Partners LLC now owns 1,742 shares of the aerospace company’s stock valued at $470,000 after purchasing an additional 752 shares in the last quarter. Stanley Laman Group Ltd. raised its position in Northrop Grumman by 2.3% in the 1st quarter. Stanley Laman Group Ltd. now owns 4,744 shares of the aerospace company’s stock valued at $1,279,000 after purchasing an additional 108 shares in the last quarter. R. G. Niederhoffer Capital Management Inc. acquired a new stake in Northrop Grumman in the 1st quarter valued at about $458,000. AGF Investments America Inc. raised its position in Northrop Grumman by 4.8% in the 1st quarter. AGF Investments America Inc. now owns 15,248 shares of the aerospace company’s stock valued at $4,111,000 after purchasing an additional 693 shares in the last quarter. Finally, Lido Advisors LLC raised its position in Northrop Grumman by 1.2% in the 1st quarter. Lido Advisors LLC now owns 11,670 shares of the aerospace company’s stock valued at $3,146,000 after purchasing an additional 139 shares in the last quarter. 83.20% of the stock is owned by institutional investors and hedge funds.

NOC traded up $31,548,999,381.72 during trading on Friday, hitting $31,548,999,700.00. 781,840 shares of the stock were exchanged, compared to its average volume of 954,335. The company’s fifty day simple moving average is $310.65. Northrop Grumman Co. has a 1-year low of $223.63 and a 1-year high of $325.28. The company has a market cap of $54.12 billion, a price-to-earnings ratio of 1,479,090,468.82, a P/E/G ratio of 1.28 and a beta of 0.79. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.59.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Wednesday, April 24th. The aerospace company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.47. Northrop Grumman had a return on equity of 41.42% and a net margin of 9.67%. The company had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same period last year, the business posted $4.21 EPS. The company’s revenue was up 21.6% on a year-over-year basis. On average, analysts forecast that Northrop Grumman Co. will post 19.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Monday, June 3rd were paid a $1.32 dividend. This is an increase from Northrop Grumman’s previous quarterly dividend of $1.20. This represents a $5.28 annualized dividend and a dividend yield of 0.00%. The ex-dividend date was Friday, May 31st. Northrop Grumman’s dividend payout ratio (DPR) is 24.75%.

A number of equities research analysts have issued reports on NOC shares. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating in a research report on Tuesday, April 30th. Barclays increased their price target on Northrop Grumman from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. UBS Group increased their price target on Northrop Grumman from $290.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Susquehanna Bancshares raised Northrop Grumman from a “neutral” rating to a “positive” rating and raised their target price for the stock from $309.00 to $315.00 in a research report on Friday, April 5th. Finally, ValuEngine raised Northrop Grumman from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $334.75.

In related news, Chairman Wesley G. Bush sold 50,000 shares of Northrop Grumman stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $291.59, for a total value of $14,579,500.00. Following the sale, the chairman now directly owns 46,275 shares in the company, valued at $13,493,327.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Madeleine Kleiner sold 971 shares of Northrop Grumman stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $315.16, for a total value of $306,020.36. Following the completion of the sale, the director now owns 16,675 shares in the company, valued at $5,255,293. The disclosure for this sale can be found here. Insiders sold a total of 52,903 shares of company stock worth $15,484,440 over the last quarter. Company insiders own 0.45% of the company’s stock.

Northrop Grumman Company Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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

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