Landing Point Financial Group LLC Takes Position in Northrop Grumman Co. (NYSE:NOC)

Landing Point Financial Group LLC bought a new position in Northrop Grumman Co. (NYSE:NOC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,675 shares of the aerospace company's stock, valued at approximately $789,000. Northrop Grumman makes up 0.6% of Landing Point Financial Group LLC's holdings, making the stock its 23rd largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp grew its holdings in shares of Northrop Grumman by 5.4% in the third quarter. M&T Bank Corp now owns 19,726 shares of the aerospace company's stock valued at $10,417,000 after purchasing an additional 1,002 shares in the last quarter. Tudor Financial Inc. bought a new position in Northrop Grumman during the third quarter valued at $1,130,000. Anchor Investment Management LLC grew its stake in shares of Northrop Grumman by 21.5% in the 3rd quarter. Anchor Investment Management LLC now owns 1,504 shares of the aerospace company's stock worth $794,000 after buying an additional 266 shares in the last quarter. Stock Yards Bank & Trust Co. increased its holdings in shares of Northrop Grumman by 9.1% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 745 shares of the aerospace company's stock worth $393,000 after buying an additional 62 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Northrop Grumman by 274.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,566 shares of the aerospace company's stock valued at $1,355,000 after buying an additional 1,880 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Up 0.5 %

Shares of NYSE NOC opened at $539.96 on Friday. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $488.43 and a two-hundred day simple moving average of $491.81. The firm has a market cap of $77.83 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 3.73 and a beta of 0.20.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data 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 net margin of 10.17% and a return on equity of 26.24%. Analysts expect that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Insider Buying and Selling

In other Northrop Grumman news, VP Benjamin R. Davies sold 464 shares of Northrop Grumman stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $460.75, for a total value of $213,788.00. Following the transaction, the vice president now owns 245 shares in the company, valued at $112,883.75. The trade was a 65.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kathy J. Warden sold 3,750 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 4,505 shares of company stock valued at $2,127,182 over the last 90 days. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Citigroup lifted their price target on Northrop Grumman from $587.00 to $591.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Susquehanna dropped their target price on Northrop Grumman from $625.00 to $557.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group upgraded Northrop Grumman from a "sell" rating to a "neutral" rating and increased their price target for the company from $424.00 to $521.00 in a report on Friday, April 11th. Wolfe Research raised shares of Northrop Grumman from an "underperform" rating to a "peer perform" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley increased their target price on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Northrop Grumman currently has a consensus rating of "Moderate Buy" and an average target price of $548.88.

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.

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