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Northrop Grumman reports strong earnings, announces buyback, despite institutional sell-offs.
In Q4, institutional investors like Bradley Foster & Sargent Inc. CT adjusted their holdings in Northrop Grumman, with many reducing their positions.
Despite this, Northrop Grumman reported strong earnings of $6.39 per share, exceeding expectations.
The company also announced a $3 billion share buyback and a quarterly dividend of $2.06, with a 1.88% yield.
Northrop Grumman has a market cap of $63.47 billion and a "Moderate Buy" rating from analysts.
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Northrop Grumman reporta fuertes ganancias, anuncia recompra, a pesar de ventas institucionales.