Tyers Asset Management LLC cut its holdings in Northrop Grumman Co. (NYSE:NOC) by 49.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,268 shares of the aerospace company’s stock after selling 4,246 shares during the quarter. Tyers Asset Management LLC’s holdings in Northrop Grumman were worth $1,379,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NOC. Geode Capital Management LLC lifted its position in shares of Northrop Grumman by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,002,473 shares of the aerospace company’s stock valued at $489,450,000 after acquiring an additional 56,098 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Northrop Grumman by 0.5% during the second quarter. Northern Trust Corp now owns 1,714,919 shares of the aerospace company’s stock valued at $554,108,000 after purchasing an additional 8,997 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Northrop Grumman by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,202,611 shares of the aerospace company’s stock valued at $388,576,000 after purchasing an additional 12,059 shares during the period. Winslow Capital Management LLC boosted its position in shares of Northrop Grumman by 18.2% in the 2nd quarter. Winslow Capital Management LLC now owns 1,021,725 shares of the aerospace company’s stock valued at $330,130,000 after purchasing an additional 157,026 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Northrop Grumman by 2.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 798,419 shares of the aerospace company’s stock valued at $257,978,000 after purchasing an additional 19,885 shares during the period. Hedge funds and other institutional investors own 83.11% of the company’s stock.

Several analysts have issued reports on NOC shares. ValuEngine downgraded Northrop Grumman from a “hold” rating to a “sell” rating in a report on Tuesday. Robert W. Baird lifted their target price on shares of Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Barclays lifted their target price on shares of Northrop Grumman from $325.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $377.00 price target on the stock in a report on Tuesday. Finally, Morgan Stanley upgraded shares of Northrop Grumman from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $335.00 to $418.00 in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Northrop Grumman has an average rating of “Buy” and an average price target of $347.60.

In other news, CEO Kathy J. Warden sold 6,837 shares of Northrop Grumman stock in a transaction on Monday, July 29th. The shares were sold at an average price of $353.46, for a total transaction of $2,416,606.02. Following the transaction, the chief executive officer now directly owns 99,002 shares of the company’s stock, valued at $34,993,246.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Christopher T. Jones sold 5,000 shares of Northrop Grumman stock in a transaction on Monday, July 29th. The stock was sold at an average price of $353.19, for a total transaction of $1,765,950.00. Following the transaction, the vice president now directly owns 67,422 shares in the company, valued at $23,812,776.18. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Shares of NOC traded up $3.11 during trading hours on Wednesday, hitting $358.20. 41,605 shares of the company were exchanged, compared to its average volume of 644,584. Northrop Grumman Co. has a 52 week low of $223.63 and a 52 week high of $377.34. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.15 and a current ratio of 1.25. The firm’s 50 day moving average is $360.75 and its 200-day moving average is $312.91. The company has a market cap of $60.21 billion, a PE ratio of 16.77, a PEG ratio of 1.46 and a beta of 0.79.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 EPS for the quarter, beating the Zacks’ consensus estimate of $4.64 by $0.42. The business had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.41 billion. Northrop Grumman had a net margin of 9.80% and a return on equity of 42.21%. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.50 earnings per share. As a group, equities analysts forecast that Northrop Grumman Co. will post 19.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Monday, September 9th will be issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, September 6th. Northrop Grumman’s dividend payout ratio is currently 24.75%.

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.

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

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