Trek Financial LLC lifted its stake in Northrop Grumman Co. (NYSE:NOC - Free Report) by 120.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,068 shares of the aerospace company's stock after purchasing an additional 583 shares during the quarter. Trek Financial LLC's holdings in Northrop Grumman were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the company. Sapient Capital LLC lifted its holdings in shares of Northrop Grumman by 1.1% during the fourth quarter. Sapient Capital LLC now owns 2,049 shares of the aerospace company's stock valued at $962,000 after purchasing an additional 22 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Northrop Grumman by 2.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock valued at $472,000 after acquiring an additional 22 shares during the period. Mather Group LLC. boosted its holdings in shares of Northrop Grumman by 2.6% during the 4th quarter. Mather Group LLC. now owns 900 shares of the aerospace company's stock valued at $422,000 after acquiring an additional 23 shares during the last quarter. Jacobi Capital Management LLC grew its stake in shares of Northrop Grumman by 1.2% in the fourth quarter. Jacobi Capital Management LLC now owns 1,987 shares of the aerospace company's stock worth $933,000 after acquiring an additional 23 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC raised its holdings in shares of Northrop Grumman by 5.9% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 432 shares of the aerospace company's stock valued at $203,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 83.40% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on NOC shares. StockNews.com cut shares of Northrop Grumman from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. Argus upgraded Northrop Grumman to a "strong-buy" rating in a research note on Wednesday, February 26th. Truist Financial began coverage on Northrop Grumman in a research report on Tuesday, January 14th. They set a "buy" rating and a $544.00 price objective for the company. UBS Group dropped their target price on Northrop Grumman from $579.00 to $558.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Barclays lowered their price objective on shares of Northrop Grumman from $550.00 to $500.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Nine equities 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $543.65.
Read Our Latest Stock Analysis on Northrop Grumman
Northrop Grumman Price Performance
NOC stock traded up $18.05 during mid-day trading on Friday, hitting $534.14. The company had a trading volume of 1,178,801 shares, compared to its average volume of 868,794. The company has a 50-day moving average price of $481.83 and a 200 day moving average price of $491.44. Northrop Grumman Co. has a 12-month low of $418.60 and a 12-month high of $555.57. The company has a market capitalization of $76.99 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 3.73 and a beta of 0.20. 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 issued its quarterly earnings data 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 return on equity of 26.24% and a net margin of 10.17%. On average, research analysts anticipate that Northrop Grumman Co. will post 28.05 earnings per share for the current year.
Northrop Grumman Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were paid a $2.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.54%. Northrop Grumman's payout ratio is currently 29.08%.
Insider Transactions at Northrop Grumman
In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of Northrop Grumman stock in a transaction on Thursday, March 6th. The shares were 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 directly owns 212,852 shares of the company's stock, valued at $101,243,053.80. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Benjamin R. Davies sold 464 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $460.75, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 4,505 shares of company stock worth $2,127,182 in the last three months. Insiders own 0.22% of the company's stock.
Northrop Grumman Profile
(
Free Report)
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.
Featured Stories
Before you consider Northrop Grumman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northrop Grumman wasn't on the list.
While Northrop Grumman currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
