Fox Run Management L.L.C. Sells 1,170 Shares of Northrop Grumman Co. (NYSE:NOC)

Fox Run Management L.L.C. cut its stake in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 59.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 790 shares of the aerospace company's stock after selling 1,170 shares during the period. Fox Run Management L.L.C.'s holdings in Northrop Grumman were worth $371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Wellington Management Group LLP increased its position in shares of Northrop Grumman by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 4,140,892 shares of the aerospace company's stock valued at $2,186,681,000 after buying an additional 17,596 shares in the last quarter. Geode Capital Management LLC grew its stake in Northrop Grumman by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,003,360 shares of the aerospace company's stock valued at $1,581,644,000 after acquiring an additional 18,791 shares during the period. Franklin Resources Inc. increased its holdings in shares of Northrop Grumman by 6.2% in the third quarter. Franklin Resources Inc. now owns 2,426,270 shares of the aerospace company's stock worth $1,315,729,000 after acquiring an additional 141,816 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Northrop Grumman by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 832,463 shares of the aerospace company's stock worth $390,667,000 after purchasing an additional 23,018 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of Northrop Grumman by 102.6% during the 3rd quarter. Two Sigma Advisers LP now owns 735,600 shares of the aerospace company's stock valued at $388,448,000 after purchasing an additional 372,500 shares in the last quarter. Institutional investors own 83.40% of the company's stock.

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Wall Street Analysts Forecast Growth

NOC has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Northrop Grumman from $545.00 to $547.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Truist Financial began coverage on shares of Northrop Grumman in a report on Tuesday, January 14th. They set a "buy" rating and a $544.00 price objective on the stock. Citigroup boosted their price objective on shares of Northrop Grumman from $587.00 to $591.00 and gave the company a "buy" rating in a research report on Monday, February 10th. UBS Group lowered their target price on Northrop Grumman from $579.00 to $558.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Wolfe Research upgraded Northrop Grumman from an "underperform" rating to a "peer perform" rating in a report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Northrop Grumman presently has an average rating of "Moderate Buy" and an average price target of $545.06.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the company's 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 transaction, the chief executive officer now directly owns 212,852 shares of the company's stock, valued at $101,243,053.80. This represents a 1.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Benjamin R. Davies sold 464 shares of Northrop Grumman stock in a transaction on Friday, February 28th. The stock was sold at an average price of $460.75, for a total value of $213,788.00. Following the sale, the vice president now directly owns 245 shares of the company's stock, valued at $112,883.75. This represents a 65.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,505 shares of company stock worth $2,126,405. 0.22% of the stock is owned by insiders.

Northrop Grumman Stock Performance

NOC stock traded down $1.96 during trading hours on Friday, reaching $511.86. The stock had a trading volume of 730,463 shares, compared to its average volume of 866,646. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.01 and a quick ratio of 0.91. The stock has a 50-day simple moving average of $478.20 and a 200 day simple moving average of $492.84. The stock has a market capitalization of $74.09 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 3.73 and a beta of 0.31. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57.

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 (EPS) for the quarter, beating the consensus estimate of $6.27 by $0.12. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. Analysts predict that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 3rd. Northrop Grumman's payout ratio is presently 29.08%.

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

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.