Curi RMB Capital LLC Sells 975 Shares of Northrop Grumman Co. (NYSE:NOC)

Curi RMB Capital LLC lowered its stake in Northrop Grumman Co. (NYSE:NOC) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,993 shares of the aerospace company’s stock after selling 975 shares during the quarter. Curi RMB Capital LLC’s holdings in Northrop Grumman were worth $10,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Northrop Grumman by 0.5% during 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 period. Capital International Investors increased its holdings in 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 acquiring an additional 461,307 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Northrop Grumman by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 4,164,700 shares of the aerospace company’s stock valued at $1,954,452,000 after purchasing an additional 23,808 shares in the last quarter. Geode Capital Management LLC grew its holdings in 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 buying an additional 21,903 shares in the last quarter. Finally, FMR LLC increased its stake in Northrop Grumman by 4.1% in the 4th quarter. FMR LLC now owns 2,807,223 shares of the aerospace company’s stock worth $1,317,402,000 after acquiring an additional 109,308 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NOC shares. Morgan Stanley raised their target price on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays reduced their price objective on Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. UBS Group decreased their price target on Northrop Grumman from $579.00 to $558.00 and set a “buy” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group raised shares of Northrop Grumman from a “sell” rating to a “neutral” rating and increased their target price for the company from $424.00 to $521.00 in a research note on Friday, April 11th. Finally, Argus raised shares of Northrop Grumman to a “strong-buy” rating in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $548.88.

Northrop Grumman Price Performance

Shares of NOC opened at $539.96 on Friday. The stock has a market capitalization of $77.83 billion, a PE ratio of 19.05, a PEG ratio of 3.73 and a beta of 0.20. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. The company has a 50 day moving average price of $488.43 and a 200-day moving average price of $491.81.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 EPS for the quarter, topping the consensus estimate of $6.27 by $0.12. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. Equities analysts predict that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. Northrop Grumman’s payout ratio is currently 29.08%.

Insider Buying and Selling

In other news, VP Benjamin R. Davies sold 464 shares of the stock in a transaction on 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 owns 245 shares in the company, valued at approximately $112,883.75. This represents a 65.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kathy J. Warden sold 3,750 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $475.65, for a total value of $1,783,687.50. Following the transaction, the chief executive officer now owns 212,852 shares in the company, valued at approximately $101,243,053.80. This trade represents a 1.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,505 shares of company stock worth $2,127,182 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

Northrop Grumman Company 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.