Tokio Marine Asset Management Co. Ltd. trimmed its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 31.7% in the fourth quarter, HoldingsChannel reports. The firm owned 933 shares of the aerospace company’s stock after selling 433 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Northrop Grumman were worth $286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ropes Wealth Advisors LLC purchased a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $144,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $154,000. Hanseatic Management Services Inc. increased its stake in shares of Northrop Grumman by 39.7% during the 3rd quarter. Hanseatic Management Services Inc. now owns 591 shares of the aerospace company’s stock worth $170,000 after purchasing an additional 168 shares in the last quarter. WFG Advisors LP increased its stake in shares of Northrop Grumman by 4.9% during the 2nd quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 28 shares in the last quarter. Finally, Ironwood Investment Counsel LLC acquired a new stake in Northrop Grumman during the fourth quarter worth approximately $204,000. 81.23% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on NOC. Robert W. Baird restated a “buy” rating and set a $394.00 target price on shares of Northrop Grumman in a research report on Friday, January 26th. Royal Bank of Canada raised their target price on shares of Northrop Grumman from $324.00 to $347.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $317.00 to $355.00 in a research report on Tuesday, December 12th. Zacks Investment Research lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Wells Fargo & Co upgraded shares of Northrop Grumman from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Northrop Grumman presently has a consensus rating of “Buy” and a consensus target price of $317.47.

In other Northrop Grumman news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction on Monday, November 13th. The shares were sold at an average price of $296.45, for a total value of $2,294,819.45. Following the transaction, the chief operating officer now owns 77,200 shares in the company, valued at approximately $22,885,940. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.

Northrop Grumman Co. (NYSE:NOC) opened at $332.69 on Friday. The firm has a market cap of $57,917.34, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.40 and a beta of 0.82. Northrop Grumman Co. has a 1-year low of $233.20 and a 1-year high of $349.18. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 2.04.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.75 by $0.07. The company had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.34 billion. Northrop Grumman had a net margin of 7.81% and a return on equity of 37.28%. Northrop Grumman’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $2.96 EPS. equities research analysts expect that Northrop Grumman Co. will post 15.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 5th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, March 2nd. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.00. Northrop Grumman’s dividend payout ratio (DPR) is 34.87%.

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About Northrop Grumman

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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