Robeco Institutional Asset Management B.V. grew its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 9.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 119,926 shares of the aerospace company’s stock after acquiring an additional 10,240 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Northrop Grumman were worth $41,254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its position in shares of Northrop Grumman by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,307,071 shares of the aerospace company’s stock worth $1,989,037,000 after buying an additional 28,254 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Northrop Grumman by 1.7% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 627,064 shares of the aerospace company’s stock valued at $215,691,000 after purchasing an additional 10,204 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Northrop Grumman by 1.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 619,175 shares of the aerospace company’s stock valued at $232,061,000 after purchasing an additional 9,449 shares during the last quarter. Johanson Financial Advisors Inc. raised its stake in Northrop Grumman by 34,416.4% in the 4th quarter. Johanson Financial Advisors Inc. now owns 553,298 shares of the aerospace company’s stock valued at $1,609,000 after purchasing an additional 551,695 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Northrop Grumman by 6.8% in the 4th quarter. California Public Employees Retirement System now owns 427,459 shares of the aerospace company’s stock valued at $147,033,000 after purchasing an additional 27,071 shares during the last quarter. Institutional investors own 83.20% of the company’s stock.

Shares of Northrop Grumman stock traded up $3.09 on Friday, hitting $371.09. 22,161 shares of the company’s stock traded hands, compared to its average volume of 1,015,643. The stock has a market cap of $61.69 billion, a P/E ratio of 28.15, a PEG ratio of 0.95 and a beta of 0.79. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 1.60. The firm’s 50-day moving average is $369.52 and its 200 day moving average is $360.56. Northrop Grumman Co. has a 52-week low of $263.29 and a 52-week high of $385.01.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, January 30th. The aerospace company reported $5.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.77 by $0.84. The company had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.84 billion. Northrop Grumman had a return on equity of 39.51% and a net margin of 6.64%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.93 EPS. Equities research analysts forecast that Northrop Grumman Co. will post 23.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 24th will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, February 21st. Northrop Grumman’s dividend payout ratio (DPR) is currently 24.89%.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $367.00 target price for the company in a research note on Monday, December 30th. Barclays reissued a “buy” rating and issued a $455.00 target price on shares of Northrop Grumman in a research note on Thursday, January 23rd. TheStreet downgraded shares of Northrop Grumman from a “b-” rating to a “c+” rating in a research note on Tuesday, December 24th. ValuEngine downgraded shares of Northrop Grumman from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 4th. Finally, Goldman Sachs Group downgraded shares of Northrop Grumman from a “buy” rating to a “sell” rating and dropped their price objective for the company from $409.00 to $337.00 in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Northrop Grumman currently has an average rating of “Buy” and an average price target of $387.20.

In related news, CFO Kenneth L. Bedingfield sold 4,611 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $367.33, for a total transaction of $1,693,758.63. Following the sale, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at approximately $13,001,278.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Mary D. Petryszyn sold 3,921 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $362.27, for a total value of $1,420,460.67. Following the sale, the vice president now directly owns 6,713 shares in the company, valued at $2,431,918.51. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

About Northrop Grumman

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.

Further Reading: Dividend Achievers

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

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