CHICAGO TRUST Co NA lessened its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,825 shares of the aerospace company’s stock after selling 605 shares during the period. CHICAGO TRUST Co NA’s holdings in Northrop Grumman were worth $1,174,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NOC. Seven Eight Capital LP bought a new stake in Northrop Grumman during the 2nd quarter valued at approximately $154,000. BlueMountain Capital Management LLC boosted its position in Northrop Grumman by 10.2% during the 2nd quarter. BlueMountain Capital Management LLC now owns 7,927 shares of the aerospace company’s stock valued at $2,035,000 after acquiring an additional 732 shares in the last quarter. Stevens Capital Management LP bought a new stake in Northrop Grumman during the 2nd quarter valued at approximately $3,996,000. Thrivent Financial For Lutherans boosted its position in Northrop Grumman by 2.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,838 shares of the aerospace company’s stock valued at $1,756,000 after acquiring an additional 160 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in Northrop Grumman during the 2nd quarter valued at approximately $744,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the completion of the transaction, the vice president now directly owns 58,186 shares in the company, valued at approximately $17,203,854.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Gloria A. Flach sold 7,741 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the completion of the transaction, the chief operating officer now owns 77,200 shares of the company’s stock, valued at $22,885,940. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,417 shares of company stock valued at $6,365,189. 0.70% of the stock is owned by company insiders.

Several research firms have weighed in on NOC. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $309.00 price objective on the stock in a research report on Wednesday, September 20th. Deutsche Bank reaffirmed a “buy” rating and set a $325.00 price objective (up from $285.00) on shares of Northrop Grumman in a research report on Monday, October 2nd. Royal Bank of Canada lifted their price objective on Northrop Grumman from $324.00 to $347.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. raised Northrop Grumman from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $317.00 to $355.00 in a research report on Tuesday, December 12th. Finally, Wells Fargo & Co raised Northrop Grumman from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $302.21.

Shares of Northrop Grumman Co. (NYSE:NOC) traded down $2.61 on Wednesday, hitting $312.54. The stock had a trading volume of 756,000 shares, compared to its average volume of 698,290. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21. Northrop Grumman Co. has a 12-month low of $223.88 and a 12-month high of $318.70. The company has a market cap of $55,150.00, a PE ratio of 23.29, a P/E/G ratio of 2.85 and a beta of 0.69.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.76. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the firm posted $3.35 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. sell-side analysts forecast that Northrop Grumman Co. will post 13.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Monday, December 4th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 1.28%. Northrop Grumman’s payout ratio is currently 29.81%.

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Northrop Grumman Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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

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