Greykasell Wealth Strategies Inc. Buys Shares of 2,142 Northrop Grumman Co. (NYSE:NOC)

Greykasell Wealth Strategies Inc. acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,142 shares of the aerospace company's stock, valued at approximately $1,005,000.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Northrop Grumman in the 3rd quarter valued at about $31,000. Whipplewood Advisors LLC acquired a new stake in Northrop Grumman in the 4th quarter valued at about $31,000. Albion Financial Group UT acquired a new stake in Northrop Grumman in the 4th quarter valued at about $33,000. FSA Wealth Management LLC acquired a new stake in Northrop Grumman in the 3rd quarter valued at about $36,000. Finally, Modus Advisors LLC acquired a new stake in Northrop Grumman in the 4th quarter valued at about $38,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Northrop Grumman

In related news, CEO Kathy J. Warden sold 3,750 shares of Northrop Grumman stock in a transaction that occurred on 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 directly owns 212,852 shares of the company's stock, valued at $101,243,053.80. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Benjamin R. Davies sold 464 shares of Northrop Grumman stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 245 shares in the company, valued at $112,883.75. This trade represents a 65.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,505 shares of company stock valued at $2,126,405 over the last three months. 0.22% of the stock is owned by insiders.

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Northrop Grumman Stock Performance

Shares of NOC traded up $1.75 during mid-day trading on Wednesday, hitting $491.56. 846,750 shares of the company's stock were exchanged, compared to its average volume of 824,328. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The stock's 50-day simple moving average is $473.40 and its 200-day simple moving average is $493.79. The firm has a market cap of $71.16 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 3.73 and a beta of 0.31. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96.

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

Northrop Grumman announced that its Board of Directors has authorized a share repurchase 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 buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be paid a $2.06 dividend. The ex-dividend date is Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.68%. Northrop Grumman's dividend payout ratio (DPR) is 29.08%.

Wall Street Analysts Forecast Growth

NOC has been the subject of several recent analyst reports. Truist Financial initiated coverage on shares of Northrop Grumman in a research note on Tuesday, January 14th. They issued a "buy" rating and a $544.00 target price for the company. Wells Fargo & Company raised their target price 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. Susquehanna cut their price objective on shares of Northrop Grumman from $625.00 to $557.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. Argus upgraded shares of Northrop Grumman to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, Wolfe Research upgraded shares of Northrop Grumman from an "underperform" rating to a "peer perform" rating in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $542.88.

Northrop Grumman Company 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.