Mutual of America Capital Management LLC Has $8.93 Million Holdings in Northrop Grumman Co. (NYSE:NOC)

Mutual of America Capital Management LLC cut its position in Northrop Grumman Co. (NYSE:NOC) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,906 shares of the aerospace company’s stock after selling 618 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Northrop Grumman were worth $8,928,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AIA Group Ltd increased its stake in shares of Northrop Grumman by 20.0% during the 3rd quarter. AIA Group Ltd now owns 7,458 shares of the aerospace company’s stock worth $3,938,000 after purchasing an additional 1,242 shares during the last quarter. Aviso Wealth Management increased its position in Northrop Grumman by 110.7% during the second quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock worth $827,000 after buying an additional 996 shares during the last quarter. Susquehanna International Securities Ltd. bought a new stake in Northrop Grumman in the second quarter valued at approximately $1,133,000. GAMMA Investing LLC lifted its position in shares of Northrop Grumman by 133.9% in the second quarter. GAMMA Investing LLC now owns 2,248 shares of the aerospace company’s stock valued at $980,000 after buying an additional 1,287 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Northrop Grumman by 40.8% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,660 shares of the aerospace company’s stock worth $1,933,000 after acquiring an additional 1,060 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $532.93, for a total value of $616,067.08. Following the transaction, the vice president now owns 537 shares in the company, valued at $286,183.41. The trade was a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders sold 1,289 shares of company stock valued at $685,273. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Stock Down 1.3 %

Shares of NYSE NOC opened at $493.99 on Monday. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The stock’s fifty day moving average is $523.27 and its 200 day moving average is $486.19. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a market capitalization of $71.97 billion, a P/E ratio of 30.61, a PEG ratio of 1.00 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.07 by $0.93. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $6.18 EPS. Sell-side analysts forecast that Northrop Grumman Co. will post 25.93 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were paid a $2.06 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.67%. Northrop Grumman’s payout ratio is 51.05%.

Analyst Ratings Changes

NOC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Barclays raised their target price on shares of Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Susquehanna upped their price target on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday, October 25th. Morgan Stanley raised their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, StockNews.com raised Northrop Grumman from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman currently has a consensus rating of “Hold” and a consensus price target of $550.56.

Northrop Grumman Company Profile

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.