Pacer Advisors Inc. Buys 249 Shares of Northrop Grumman Co. (NYSE:NOC)

Pacer Advisors Inc. increased its stake in Northrop Grumman Co. (NYSE:NOCFree Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,653 shares of the aerospace company’s stock after buying an additional 249 shares during the period. Pacer Advisors Inc.’s holdings in Northrop Grumman were worth $4,519,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NOC. Toth Financial Advisory Corp increased its stake in shares of Northrop Grumman by 19.1% during the third quarter. Toth Financial Advisory Corp now owns 131 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 21 shares in the last quarter. Wesbanco Bank Inc. increased its stake in shares of Northrop Grumman by 1.2% during the third quarter. Wesbanco Bank Inc. now owns 1,782 shares of the aerospace company’s stock valued at $784,000 after purchasing an additional 21 shares in the last quarter. Patten Group Inc. increased its stake in shares of Northrop Grumman by 0.6% during the third quarter. Patten Group Inc. now owns 3,523 shares of the aerospace company’s stock valued at $1,551,000 after purchasing an additional 22 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in shares of Northrop Grumman by 4.4% during the fourth quarter. Ausdal Financial Partners Inc. now owns 524 shares of the aerospace company’s stock valued at $245,000 after purchasing an additional 22 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of Northrop Grumman by 1.6% during the first quarter. IHT Wealth Management LLC now owns 1,371 shares of the aerospace company’s stock valued at $613,000 after buying an additional 22 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Up 0.3 %

Shares of Northrop Grumman stock opened at $478.95 on Friday. The company’s fifty day simple moving average is $457.14 and its 200-day simple moving average is $461.31. The stock has a market capitalization of $71.86 billion, a PE ratio of 35.53, a P/E/G ratio of 1.89 and a beta of 0.34. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $496.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.15 and a quick ratio of 1.05.

Northrop Grumman (NYSE:NOCGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $6.27 EPS for the quarter, beating the consensus estimate of $5.80 by $0.47. The firm had revenue of $10.64 billion for the quarter, compared to the consensus estimate of $10.43 billion. Northrop Grumman had a net margin of 5.23% and a return on equity of 23.07%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $7.50 EPS. As a group, equities analysts anticipate that Northrop Grumman Co. will post 24.67 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 26th were given a dividend of $1.87 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.48 annualized dividend and a dividend yield of 1.56%. Northrop Grumman’s payout ratio is 55.49%.

Analysts Set New Price Targets

NOC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Northrop Grumman from a “buy” rating to a “hold” rating and cut their price target for the company from $541.00 to $473.00 in a report on Friday, December 15th. TheStreet cut shares of Northrop Grumman from a “b+” rating to a “c+” rating in a report on Thursday, January 25th. StockNews.com cut shares of Northrop Grumman from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $450.00 price target (down previously from $515.00) on shares of Northrop Grumman in a report on Friday, January 26th. Finally, Wolfe Research cut shares of Northrop Grumman from a “peer perform” rating to an “underperform” rating and set a $450.00 target price on the stock. in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Northrop Grumman has an average rating of “Hold” and an average price target of $494.33.

Get Our Latest Report on NOC

Insider Activity

In other news, CAO Michael A. Hardesty sold 210 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $454.68, for a total transaction of $95,482.80. Following the sale, the chief accounting officer now directly owns 3,127 shares in the company, valued at approximately $1,421,784.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Northrop Grumman news, CAO Michael A. Hardesty sold 210 shares of Northrop Grumman stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $454.68, for a total value of $95,482.80. Following the sale, the chief accounting officer now directly owns 3,127 shares in the company, valued at approximately $1,421,784.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kathryn G. Simpson sold 1,273 shares of Northrop Grumman stock in a transaction on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the completion of the sale, the vice president now owns 2,735 shares in the company, valued at $1,231,761.95. The disclosure for this sale can be found here. Insiders have sold 3,149 shares of company stock worth $1,421,147 in the last three months. Company insiders own 0.26% of the company’s stock.

Northrop Grumman Company Profile

(Free Report)

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

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