Fri Sep 20 13:14:44 UTC 2024: ## Northrop Grumman Stock Sees Mixed Activity from Institutional Investors

**New York, NY** – Northrop Grumman Co. (NYSE: NOC) experienced mixed activity from institutional investors in recent quarters, according to filings with the Securities & Exchange Commission.

Axxcess Wealth Management LLC notably trimmed its stake in the aerospace company by 72.1% in the second quarter, selling 4,217 shares. However, several other investors increased their holdings. Bogart Wealth LLC expanded its stake by 14.1% in the first quarter, while Turtle Creek Wealth Advisors LLC grew its position by 4.6% in the second quarter. Legacy Wealth Asset Management LLC and Capital Investment Advisors LLC also boosted their positions in the first and second quarters, respectively. Renasant Bank increased its stake by 3.3% in the first quarter.

Despite the mixed activity, institutional investors hold a significant stake in Northrop Grumman, with 83.40% of the stock currently owned by hedge funds and other institutional investors.

Meanwhile, Northrop Grumman’s VP Thomas H. Jones has been actively selling shares in the company. In three separate transactions in July and August, Jones sold a total of 4,159 shares, generating a total value of $2,053,330.84.

On the financial front, Northrop Grumman surpassed analysts’ expectations in its most recent earnings report, reporting $6.36 earnings per share for the quarter, compared to estimates of $5.93. The company also announced a quarterly dividend of $2.06, representing an annualized dividend of $8.24.

Overall, Northrop Grumman remains a popular stock among institutional investors, despite some recent adjustments in holdings. The company’s strong financial performance and consistent dividend payments continue to attract investor interest.

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