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

Mutual of America Capital Management LLC lessened its position in Northrop Grumman Co. (NYSE:NOC) by 3.5% in the third quarter, Holdings Channel.com reports. The firm 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 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new position in Northrop Grumman in the 1st quarter valued at approximately $966,000. Edgestream Partners L.P. increased its holdings in Northrop Grumman by 119.8% in the first quarter. Edgestream Partners L.P. now owns 2,042 shares of the aerospace company’s stock valued at $977,000 after purchasing an additional 1,113 shares during the period. Covestor Ltd raised its position in Northrop Grumman by 32.1% during the 1st quarter. Covestor Ltd now owns 243 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 59 shares during the last quarter. Seven Eight Capital LP grew its position in shares of Northrop Grumman by 45.9% in the 1st quarter. Seven Eight Capital LP now owns 1,147 shares of the aerospace company’s stock valued at $549,000 after buying an additional 361 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its stake in shares of Northrop Grumman by 216.0% in the first quarter. UniSuper Management Pty Ltd now owns 3,919 shares of the aerospace company’s stock valued at $1,876,000 after buying an additional 2,679 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group lifted their price objective on Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Northrop Grumman from $509.00 to $565.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. StockNews.com raised shares of Northrop Grumman from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Morgan Stanley upped their price target on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $474.00 to $575.00 in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Northrop Grumman has an average rating of “Hold” and an average price target of $550.56.

Northrop Grumman Stock Performance

NYSE NOC opened at $493.99 on Monday. The company has a market cap of $71.97 billion, a P/E ratio of 30.61, a PEG ratio of 1.00 and a beta of 0.35. The company has a fifty day simple moving average of $523.27 and a 200 day simple moving average of $486.19. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. Northrop Grumman Co. has a 12-month low of $418.60 and a 12-month high of $555.57.

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

Northrop Grumman Dividend Announcement

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

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now directly owns 537 shares in the company, valued at approximately $286,183.41. This trade represents a 68.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 1,289 shares of company stock valued at $685,273 over the last 90 days. Insiders own 0.22% of the company’s stock.

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.