Robeco Institutional Asset Management B.V. Sells 408 Shares of Northrop Grumman Co. (NYSE:NOC)

Robeco Institutional Asset Management B.V. lessened its holdings in Northrop Grumman Co. (NYSE:NOC) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,488 shares of the aerospace company’s stock after selling 408 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Northrop Grumman were worth $48,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Optimum Investment Advisors raised its stake in shares of Northrop Grumman by 241.2% in the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 41 shares during the last quarter. Bank & Trust Co bought a new position in Northrop Grumman in the second quarter valued at about $28,000. Meeder Asset Management Inc. increased its position in Northrop Grumman by 245.5% in the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 54 shares during the period. Strategic Financial Concepts LLC acquired a new position in Northrop Grumman during the 2nd quarter valued at about $47,000. Finally, Larson Financial Group LLC grew its position in shares of Northrop Grumman by 281.5% during the 1st quarter. Larson Financial Group LLC now owns 103 shares of the aerospace company’s stock worth $49,000 after buying an additional 76 shares during the period. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.1 %

Northrop Grumman stock opened at $507.44 on Tuesday. The stock has a 50-day simple moving average of $523.43 and a 200 day simple moving average of $483.68. The stock has a market capitalization of $73.93 billion, a P/E ratio of 31.44, a PEG ratio of 1.03 and a beta of 0.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.18 billion. During the same period in the previous year, the firm earned $6.18 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that Northrop Grumman Co. will post 25.95 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were paid a $2.06 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a yield of 1.62%. Northrop Grumman’s dividend payout ratio (DPR) is presently 51.05%.

Analyst Ratings Changes

A number of equities research analysts recently commented on NOC shares. Susquehanna upped their price objective on Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their price objective on Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Citigroup increased their price objective on shares of Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Alembic Global Advisors cut shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $550.56.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.