Northrop Grumman Corporation $NOC Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,493 shares of the aerospace company’s stock after selling 309 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Northrop Grumman were worth $7,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Investment Advisors LLC grew its stake in shares of Northrop Grumman by 1.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,049 shares of the aerospace company’s stock worth $1,025,000 after purchasing an additional 20 shares during the period. Tyche Wealth Partners LLC grew its stake in shares of Northrop Grumman by 2.5% during the 2nd quarter. Tyche Wealth Partners LLC now owns 830 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 20 shares during the period. Integrated Investment Consultants LLC grew its stake in shares of Northrop Grumman by 3.9% during the 1st quarter. Integrated Investment Consultants LLC now owns 553 shares of the aerospace company’s stock worth $283,000 after purchasing an additional 21 shares during the period. Ameriflex Group Inc. grew its stake in shares of Northrop Grumman by 3.6% during the 2nd quarter. Ameriflex Group Inc. now owns 611 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 21 shares during the period. Finally, Clearstead Trust LLC grew its stake in shares of Northrop Grumman by 12.8% during the 1st quarter. Clearstead Trust LLC now owns 194 shares of the aerospace company’s stock worth $99,000 after purchasing an additional 22 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

NYSE:NOC opened at $601.92 on Tuesday. The firm has a market cap of $86.18 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 5.78 and a beta of 0.10. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average is $592.91 and its two-hundred day moving average is $538.16. Northrop Grumman Corporation has a 12-month low of $426.24 and a 12-month high of $640.90.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.84 by $0.27. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a net margin of 9.74% and a return on equity of 25.52%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.36 EPS. Research analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $2.31 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.5%. Northrop Grumman’s dividend payout ratio is currently 34.06%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NOC shares. Deutsche Bank Aktiengesellschaft set a $700.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Northrop Grumman from $480.00 to $585.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Bank of America boosted their price objective on shares of Northrop Grumman from $550.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Truist Financial boosted their price objective on shares of Northrop Grumman from $625.00 to $688.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Barclays boosted their price objective on shares of Northrop Grumman from $500.00 to $580.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $617.50.

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.