denkapparat Operations GmbH Acquires New Position in Northrop Grumman Co. (NYSE:NOC)

denkapparat Operations GmbH purchased a new stake in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 784 shares of the aerospace company's stock, valued at approximately $368,000.

Other institutional investors have also added to or reduced their stakes in the company. X Square Capital LLC increased its holdings in Northrop Grumman by 1.3% during the fourth quarter. X Square Capital LLC now owns 3,473 shares of the aerospace company's stock worth $1,630,000 after buying an additional 46 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Northrop Grumman in the 4th quarter worth about $2,892,000. Homestead Advisers Corp boosted its position in Northrop Grumman by 3.8% during the fourth quarter. Homestead Advisers Corp now owns 184,672 shares of the aerospace company's stock worth $86,665,000 after purchasing an additional 6,700 shares during the period. NEOS Investment Management LLC lifted its stake in shares of Northrop Grumman by 26.2% during the 4th quarter. NEOS Investment Management LLC now owns 5,965 shares of the aerospace company's stock valued at $2,799,000 after buying an additional 1,239 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its holdings in Northrop Grumman by 29.7% during the 4th quarter. UniSuper Management Pty Ltd now owns 10,080 shares of the aerospace company's stock valued at $4,730,000 after acquiring an additional 2,308 shares during the period. 83.40% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Benjamin R. Davies sold 192 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $429.08, for a total value of $82,383.36. Following the sale, the vice president now directly owns 709 shares of the company's stock, valued at $304,217.72. The trade was a 21.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 4,505 shares of company stock worth $2,126,405 in the last three months. 0.22% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several research analysts have commented on NOC shares. Barclays cut their target price on Northrop Grumman from $550.00 to $500.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Citigroup upped their target price on shares of Northrop Grumman from $587.00 to $591.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Argus raised shares of Northrop Grumman to a "strong-buy" rating in a report on Wednesday, February 26th. StockNews.com lowered Northrop Grumman from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, Susquehanna lowered their price target on Northrop Grumman from $625.00 to $557.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $545.06.

Northrop Grumman Trading Up 0.2 %

Shares of NYSE:NOC traded up $1.03 on Tuesday, reaching $513.04. 222,008 shares of the company traded hands, compared to its average volume of 864,648. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. 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 business's 50-day simple moving average is $478.79 and its 200 day simple moving average is $492.64. The stock has a market capitalization of $74.27 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 3.73 and a beta of 0.31.

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

Northrop Grumman announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the aerospace company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 3rd. Northrop Grumman's dividend payout ratio is presently 29.08%.

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.