FUKOKU MUTUAL LIFE INSURANCE Co Sells 167 Shares of Northrop Grumman Co. (NYSE:NOC)

FUKOKU MUTUAL LIFE INSURANCE Co reduced its position in Northrop Grumman Co. (NYSE:NOC) by 19.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 693 shares of the aerospace company’s stock after selling 167 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Northrop Grumman were worth $366,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Balboa Wealth Partners grew its stake in Northrop Grumman by 35.9% in the third quarter. Balboa Wealth Partners now owns 1,023 shares of the aerospace company’s stock worth $540,000 after purchasing an additional 270 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Northrop Grumman by 0.8% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,580 shares of the aerospace company’s stock worth $1,890,000 after purchasing an additional 29 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in Northrop Grumman by 13.9% during the third quarter. Zions Bancorporation N.A. now owns 836 shares of the aerospace company’s stock worth $441,000 after buying an additional 102 shares during the last quarter. Plato Investment Management Ltd raised its holdings in Northrop Grumman by 24.3% in the 3rd quarter. Plato Investment Management Ltd now owns 848 shares of the aerospace company’s stock valued at $447,000 after buying an additional 166 shares during the period. Finally, Angeles Investment Advisors LLC acquired a new position in shares of Northrop Grumman in the third quarter valued at approximately $251,000. Institutional investors own 83.40% of the company’s stock.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the firm’s 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 completion of the sale, the vice president now owns 537 shares of the company’s stock, valued at approximately $286,183.41. This trade represents a 68.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,289 shares of company stock worth $685,273 in the last three months. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Barclays upped 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 report on Tuesday, October 29th. Citigroup lifted their price target on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Alembic Global Advisors downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target for the company. in a research report on Tuesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and lifted their target price for the stock from $474.00 to $575.00 in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $550.56.

Northrop Grumman Stock Down 3.9 %

Shares of NYSE NOC opened at $500.34 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. The company has a 50-day moving average price of $524.08 and a 200-day moving average price of $486.03. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57. The stock has a market capitalization of $72.90 billion, a P/E ratio of 31.00, a P/E/G ratio of 1.05 and a beta of 0.35.

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

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were given a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is currently 51.05%.

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.