Callan Family Office LLC Purchases Shares of 1,316 Northrop Grumman Co. (NYSE:NOC)

Callan Family Office LLC bought a new stake in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,316 shares of the aerospace company's stock, valued at approximately $618,000.

A number of other institutional investors have also modified their holdings of NOC. Two Sigma Advisers LP boosted its holdings in shares of Northrop Grumman by 102.6% in the 3rd quarter. Two Sigma Advisers LP now owns 735,600 shares of the aerospace company's stock valued at $388,448,000 after buying an additional 372,500 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Northrop Grumman in the 4th quarter valued at about $171,580,000. Proficio Capital Partners LLC bought a new stake in shares of Northrop Grumman in the 4th quarter valued at about $94,370,000. Franklin Resources Inc. boosted its holdings in shares of Northrop Grumman by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,426,270 shares of the aerospace company's stock valued at $1,315,729,000 after buying an additional 141,816 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in Northrop Grumman in the 4th quarter worth approximately $66,171,000. 83.40% of the stock is currently owned by institutional investors.

Insider Activity

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were 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 $101,243,053.80. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Benjamin R. Davies sold 192 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were 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 directly owns 709 shares in the company, valued at $304,217.72. The trade was a 21.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,505 shares of company stock valued at $2,126,405. 0.22% of the stock is currently owned by insiders.

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Northrop Grumman Trading Down 3.1 %

Shares of NOC stock traded down $15.23 on Wednesday, hitting $478.88. 125,913 shares of the stock traded hands, compared to its average volume of 817,479. The firm's 50-day moving average price is $470.97 and its two-hundred day moving average price is $494.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. The stock has a market capitalization of $69.32 billion, a PE ratio of 16.94, a PEG ratio of 3.73 and a beta of 0.31. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57.

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

Northrop Grumman declared that its board has approved a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the aerospace company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be given a dividend of $2.06 per share. The ex-dividend date is Monday, March 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.72%. Northrop Grumman's payout ratio is 29.08%.

Analyst Ratings Changes

A number of analysts recently commented on NOC shares. Citigroup lifted their target price on shares of Northrop Grumman from $587.00 to $591.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Wells Fargo & Company lifted their price objective on shares of Northrop Grumman from $545.00 to $547.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Wolfe Research raised shares of Northrop Grumman from an "underperform" rating to a "peer perform" rating in a report on Monday, February 3rd. UBS Group cut their target price on shares of Northrop Grumman from $579.00 to $558.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Truist Financial initiated coverage on shares of Northrop Grumman in a report on Tuesday, January 14th. They set a "buy" rating and a $544.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $542.88.

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.