Atalanta Sosnoff Capital LLC lifted its stake in Northrop Grumman Co. (NYSE:NOC) by 6.2% during the 1st quarter, Holdings Channel reports. The fund owned 1,405 shares of the aerospace company’s stock after buying an additional 82 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Northrop Grumman were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NOC. Diversified Trust Co raised its position in shares of Northrop Grumman by 3.9% during the fourth quarter. Diversified Trust Co now owns 1,034 shares of the aerospace company’s stock valued at $253,000 after buying an additional 39 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Northrop Grumman by 31.3% in the fourth quarter. Penserra Capital Management LLC now owns 168 shares of the aerospace company’s stock valued at $41,000 after buying an additional 40 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its stake in shares of Northrop Grumman by 3.6% in the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 1,310 shares of the aerospace company’s stock valued at $321,000 after buying an additional 45 shares during the period. Cerity Partners LLC grew its position in Northrop Grumman by 1.7% during the fourth quarter. Cerity Partners LLC now owns 2,727 shares of the aerospace company’s stock worth $668,000 after buying an additional 45 shares in the last quarter. Finally, Lincoln National Corp grew its position in Northrop Grumman by 1.0% during the fourth quarter. Lincoln National Corp now owns 4,592 shares of the aerospace company’s stock worth $1,124,000 after buying an additional 46 shares in the last quarter. 83.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE NOC traded down $3.43 during midday trading on Tuesday, reaching $273.47. 482,371 shares of the company traded hands, compared to its average volume of 976,208. Northrop Grumman Co. has a 12 month low of $223.63 and a 12 month high of $359.88. The stock has a market cap of $47.06 billion, a PE ratio of 12.82, a PEG ratio of 1.14 and a beta of 0.88. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.09 and a current ratio of 1.17.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, January 31st. The aerospace company reported $4.93 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.48. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.11 billion. Northrop Grumman had a return on equity of 41.24% and a net margin of 9.73%. During the same quarter in the previous year, the firm earned $2.82 earnings per share. Analysts predict that Northrop Grumman Co. will post 18.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 25th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Friday, February 22nd. Northrop Grumman’s dividend payout ratio (DPR) is 22.50%.

A number of analysts have commented on the company. ValuEngine upgraded Northrop Grumman from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Cowen lowered their price objective on Northrop Grumman from $350.00 to $300.00 and set a “market perform” rating on the stock in a research report on Thursday, December 13th. Drexel Hamilton restated a “buy” rating and set a $335.00 price objective on shares of Northrop Grumman in a research report on Wednesday, December 19th. Susquehanna Bancshares initiated coverage on Northrop Grumman in a research note on Thursday, January 10th. They issued a “neutral” rating and a $273.00 target price for the company. Finally, Credit Suisse Group raised Northrop Grumman from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $311.00 to $302.00 in a research report on Monday, January 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $338.72.

In other Northrop Grumman news, VP David T. Perry sold 13,210 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $288.94, for a total transaction of $3,816,897.40. Following the transaction, the vice president now owns 25,100 shares in the company, valued at $7,252,394. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Wesley G. Bush sold 86,500 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $287.28, for a total value of $24,849,720.00. Following the transaction, the chairman now owns 39,937 shares in the company, valued at approximately $11,473,101.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,197 shares of company stock valued at $34,247,476. 0.45% of the stock is currently owned by insiders.

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Northrop Grumman 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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