Northrop Grumman Co. (NYSE:NOC) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lowered its holdings in Northrop Grumman Co. (NYSE:NOC) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,478 shares of the aerospace company’s stock after selling 254 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Northrop Grumman were worth $694,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Stenger Family Office LLC acquired a new position in Northrop Grumman in the fourth quarter valued at about $1,487,000. Finward Bancorp purchased a new stake in shares of Northrop Grumman in the 4th quarter valued at approximately $286,000. Guggenheim Capital LLC lifted its holdings in shares of Northrop Grumman by 107.8% in the 4th quarter. Guggenheim Capital LLC now owns 20,150 shares of the aerospace company’s stock worth $9,456,000 after acquiring an additional 10,452 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of Northrop Grumman during the 4th quarter worth approximately $862,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Northrop Grumman in the 4th quarter valued at approximately $1,143,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NOC shares. Truist Financial assumed coverage on Northrop Grumman in a research note on Tuesday, January 14th. They set a “buy” rating and a $544.00 price target on the stock. The Goldman Sachs Group raised Northrop Grumman from a “sell” rating to a “neutral” rating and increased their target price for the stock from $424.00 to $521.00 in a research note on Friday, April 11th. Wells Fargo & Company lifted their target price on Northrop Grumman from $545.00 to $547.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Morgan Stanley boosted their price target on shares of Northrop Grumman from $580.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Susquehanna lowered 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. Nine investment 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’s stock. According to MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and an average target price of $545.59.

Insider Activity

In other news, CEO Kathy J. Warden sold 3,750 shares of Northrop Grumman 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 sale, the chief executive officer now owns 212,852 shares in the company, valued at approximately $101,243,053.80. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Benjamin R. Davies sold 192 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $429.08, for a total value of $82,383.36. Following the completion of the sale, the vice president now directly owns 709 shares of the company’s stock, valued at approximately $304,217.72. This trade represents a 21.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,505 shares of company stock worth $2,127,182. Corporate insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $538.36 on Thursday. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. 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 firm has a market capitalization of $77.60 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 3.73 and a beta of 0.20. The business’s fifty day moving average price is $485.78 and its 200 day moving average price is $492.08.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, January 30th. The aerospace company reported $6.39 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

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 dividend of $2.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.53%. Northrop Grumman’s dividend payout ratio is presently 29.08%.

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.