Northrop Grumman Co. (NYSE:NOC) Shares Sold by Bokf Na

Bokf Na cut its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 28.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,595 shares of the aerospace company’s stock after selling 1,040 shares during the period. Bokf Na’s holdings in Northrop Grumman were worth $1,190,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Brevan Howard Capital Management LP boosted its stake in shares of Northrop Grumman by 215.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 27,935 shares of the aerospace company’s stock valued at $13,110,000 after purchasing an additional 19,076 shares during the period. Bridgefront Capital LLC acquired a new position in Northrop Grumman in the fourth quarter worth $267,000. Cantor Fitzgerald L. P. bought a new stake in shares of Northrop Grumman during the 4th quarter valued at about $416,000. Captrust Financial Advisors lifted its holdings in Northrop Grumman by 7.1% in the fourth quarter. Captrust Financial Advisors now owns 21,318 shares of the aerospace company’s stock worth $10,004,000 after acquiring an additional 1,419 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in Northrop Grumman in the fourth quarter valued at approximately $1,089,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $484.82 on Friday. 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 market capitalization of $69.78 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 3.73 and a beta of 0.15. The stock has a fifty day moving average of $497.71 and a 200-day moving average of $487.59. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.27). The company had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $10.07 billion. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. As a group, equities analysts anticipate that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $2.06 dividend. The ex-dividend date was Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.70%. Northrop Grumman’s dividend payout ratio is currently 32.52%.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of analyst reports. Susquehanna reduced their price objective 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. Morgan Stanley increased their price objective on shares of Northrop Grumman from $580.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, April 16th. Wells Fargo & Company set a $525.00 target price on shares of Northrop Grumman and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Wolfe Research raised Northrop Grumman from an “underperform” rating to a “peer perform” rating in a report on Monday, February 3rd. Finally, StockNews.com lowered Northrop Grumman from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average target price of $545.31.

Insider Buying and Selling at Northrop Grumman

In other news, VP Benjamin R. Davies sold 464 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 245 shares in the company, valued at approximately $112,883.75. The trade was a 65.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold 4,505 shares of company stock worth $2,127,632 over the last ninety days. 0.23% of the stock is currently owned by 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.