Act Two Investors LLC Sells 638 Shares of Northrop Grumman Co. (NYSE:NOC)

Act Two Investors LLC lowered its holdings in Northrop Grumman Co. (NYSE:NOC - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,021 shares of the aerospace company's stock after selling 638 shares during the period. Northrop Grumman makes up 4.7% of Act Two Investors LLC's portfolio, making the stock its 8th biggest position. Act Two Investors LLC's holdings in Northrop Grumman were worth $23,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NOC. Lockheed Martin Investment Management Co. raised its stake in shares of Northrop Grumman by 19.9% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 16,660 shares of the aerospace company's stock valued at $7,818,000 after purchasing an additional 2,770 shares during the period. Trinity Street Asset Management LLP grew its stake in shares of Northrop Grumman by 3.8% during the fourth quarter. Trinity Street Asset Management LLP now owns 48,367 shares of the aerospace company's stock valued at $22,698,000 after acquiring an additional 1,786 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Northrop Grumman during the third quarter worth about $604,000. Schroder Investment Management Group boosted its holdings in Northrop Grumman by 12.8% in the fourth quarter. Schroder Investment Management Group now owns 8,857 shares of the aerospace company's stock valued at $4,132,000 after purchasing an additional 1,008 shares during the last quarter. Finally, RFG Bristol Wealth Advisors LLC acquired a new stake in Northrop Grumman during the 4th quarter valued at approximately $284,000. Institutional investors and hedge funds own 83.40% of the company's stock.

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Northrop Grumman Price Performance

NOC traded down $6.39 on Tuesday, reaching $529.43. The company had a trading volume of 926,694 shares, compared to its average volume of 868,410. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57. The company has a market capitalization of $76.31 billion, a P/E ratio of 18.68, a PEG ratio of 3.73 and a beta of 0.20. The company has a fifty day moving average of $483.13 and a 200-day moving average of $491.50. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share for the quarter, topping analysts' consensus estimates of $6.27 by $0.12. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. As a group, equities research analysts anticipate that Northrop Grumman Co. will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were paid a $2.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.56%. Northrop Grumman's dividend payout ratio is currently 29.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NOC shares. Truist Financial started coverage on Northrop Grumman in a research note on Tuesday, January 14th. They set a "buy" rating and a $544.00 target price for the company. Citigroup boosted their target price on shares of Northrop Grumman from $587.00 to $591.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Argus raised shares of Northrop Grumman to a "strong-buy" rating in a research report on Wednesday, February 26th. UBS Group cut their price objective on Northrop Grumman from $579.00 to $558.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Wolfe Research upgraded Northrop Grumman from an "underperform" rating to a "peer perform" rating in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $543.65.

Insider Activity at Northrop Grumman

In related news, CEO Kathy J. Warden sold 3,750 shares of Northrop Grumman stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $475.65, for a total value of $1,783,687.50. Following the transaction, the chief executive officer now owns 212,852 shares of the company's stock, valued at approximately $101,243,053.80. This trade represents a 1.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Benjamin R. Davies sold 192 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $429.08, for a total transaction of $82,383.36. Following the completion of the transaction, the vice president now owns 709 shares of the company's stock, valued at approximately $304,217.72. The trade was a 21.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,505 shares of company stock valued at $2,127,182 over the last ninety days. Insiders own 0.22% of the company's stock.

Northrop Grumman 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.