Coign Capital Advisors LLC Invests $603,000 in Northrop Grumman Co. (NYSE:NOC)

Coign Capital Advisors LLC purchased a new position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,284 shares of the aerospace company's stock, valued at approximately $603,000.

A number of other institutional investors have also added to or reduced their stakes in NOC. Y Intercept Hong Kong Ltd bought a new stake in shares of Northrop Grumman in the 3rd quarter worth approximately $604,000. M&T Bank Corp grew its stake in shares of Northrop Grumman by 5.4% during the 3rd quarter. M&T Bank Corp now owns 19,726 shares of the aerospace company's stock worth $10,417,000 after acquiring an additional 1,002 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in Northrop Grumman by 19.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 26,127 shares of the aerospace company's stock worth $13,798,000 after acquiring an additional 4,325 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Northrop Grumman by 3.8% during the third quarter. TD Private Client Wealth LLC now owns 883 shares of the aerospace company's stock valued at $466,000 after purchasing an additional 32 shares during the last quarter. Finally, Tudor Financial Inc. bought a new position in Northrop Grumman during the third quarter worth about $1,130,000. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Up 2.0 %

Shares of NOC stock traded up $10.39 during mid-day trading on Wednesday, reaching $539.75. The stock had a trading volume of 615,448 shares, compared to its average volume of 1,033,048. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. The stock's 50-day moving average price is $484.39 and its two-hundred day moving average price is $491.76. The firm has a market capitalization of $77.80 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 3.73 and a beta of 0.20. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57.

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Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 EPS for the quarter, beating 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%. Equities analysts expect that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a $2.06 dividend. The ex-dividend date was Monday, March 3rd. This represents a $8.24 annualized dividend and a yield of 1.53%. Northrop Grumman's dividend payout ratio (DPR) is presently 29.08%.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 212,852 shares in the company, valued at approximately $101,243,053.80. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Benjamin R. Davies sold 464 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $460.75, for a total transaction of $213,788.00. Following the sale, the vice president now owns 245 shares in the company, valued at approximately $112,883.75. This trade represents a 65.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,505 shares of company stock valued at $2,127,182. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada raised shares of Northrop Grumman from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $500.00 to $575.00 in a report on Thursday, March 27th. Wolfe Research raised Northrop Grumman from an "underperform" rating to a "peer perform" rating in a report on Monday, February 3rd. Barclays cut their price objective on shares of Northrop Grumman from $550.00 to $500.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Wells Fargo & Company boosted their price target on shares of Northrop Grumman from $545.00 to $547.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Truist Financial assumed coverage on Northrop Grumman in a research report on Tuesday, January 14th. They set a "buy" rating and a $544.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of "Moderate Buy" and an average price target of $545.59.

About Northrop Grumman

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.