Stenger Family Office LLC Invests $1.49 Million in Northrop Grumman Co. (NYSE:NOC)

Stenger Family Office LLC purchased a new stake in shares of Northrop Grumman Co. (NYSE:NOC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,168 shares of the aerospace company’s stock, valued at approximately $1,487,000.

Several other institutional investors have also added to or reduced their stakes in NOC. Whipplewood Advisors LLC bought a new position in shares of Northrop Grumman during the 4th quarter valued at approximately $31,000. Albion Financial Group UT purchased a new stake in Northrop Grumman during the fourth quarter valued at $33,000. Modus Advisors LLC bought a new position in Northrop Grumman during the fourth quarter valued at $38,000. Stonebridge Financial Group LLC purchased a new position in shares of Northrop Grumman in the 4th quarter worth $42,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Northrop Grumman by 291.7% in the 4th quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company’s stock worth $44,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling 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 transaction 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 filing with the SEC, which is available through this link. Also, VP Benjamin R. Davies sold 464 shares of the company’s 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 owns 245 shares of the company’s stock, valued at approximately $112,883.75. This represents a 65.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,505 shares of company stock valued at $2,127,182. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $529.43 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. The company has a market capitalization of $76.31 billion, a PE ratio of 18.68, a P/E/G ratio of 3.73 and a beta of 0.20. The company has a 50 day moving average price of $484.39 and a 200-day moving average price of $491.76. 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) last issued its earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share 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%. As a group, equities analysts forecast that Northrop Grumman Co. will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 1.56%. The ex-dividend date was Monday, March 3rd. Northrop Grumman’s payout ratio is 29.08%.

Analyst Ratings Changes

Several research analysts recently commented on NOC shares. Truist Financial began coverage on Northrop Grumman in a research report on Tuesday, January 14th. They issued a “buy” rating and a $544.00 price target for the company. StockNews.com cut Northrop Grumman from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. UBS Group decreased their price target on Northrop Grumman from $579.00 to $558.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Susquehanna dropped 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 note on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded shares of Northrop Grumman from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $424.00 to $521.00 in a research report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average price target of $543.65.

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.