8,083 Shares in Northrop Grumman Co. (NYSE:NOC) Purchased by Bearing Point Capital LLC

Bearing Point Capital LLC purchased a new position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,083 shares of the aerospace company's stock, valued at approximately $3,793,000.

Several other hedge funds have also recently made changes to their positions in the business. Whipplewood Advisors LLC acquired a new position in shares of Northrop Grumman during the 4th quarter valued at $31,000. Albion Financial Group UT acquired a new position in shares of Northrop Grumman during the fourth quarter valued at about $33,000. Bellwether Advisors LLC bought a new position in shares of Northrop Grumman during the 4th quarter worth about $33,000. Modus Advisors LLC acquired a new stake in shares of Northrop Grumman in the 4th quarter valued at about $38,000. Finally, Stonebridge Financial Group LLC bought a new stake in Northrop Grumman in the 4th quarter valued at about $42,000. 83.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction dated 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 owns 212,852 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Benjamin R. Davies sold 192 shares of Northrop Grumman stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $429.08, for a total transaction of $82,383.36. Following the completion of the transaction, the vice president now owns 709 shares of the company's stock, valued at $304,217.72. The trade was a 21.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,538 shares of company stock worth $2,143,475 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on NOC shares. Wolfe Research raised Northrop Grumman from an "underperform" rating to a "peer perform" rating in a research note on Monday, February 3rd. StockNews.com downgraded shares of Northrop Grumman from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Truist Financial lowered their price objective on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Barclays decreased their target price on shares of Northrop Grumman from $550.00 to $500.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. Finally, Argus upgraded shares of Northrop Grumman to a "strong-buy" rating in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $545.31.

Northrop Grumman Stock Performance

NOC stock traded down $4.71 during midday trading on Tuesday, hitting $488.62. The company's stock had a trading volume of 654,990 shares, compared to its average volume of 889,859. The stock has a market cap of $70.33 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 3.73 and a beta of 0.15. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year 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 stock's 50-day moving average price is $496.99 and its 200 day moving average price is $487.91.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). The company had revenue of $9.47 billion for the quarter, compared to analysts' expectations of $10.07 billion. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. On average, equities analysts forecast that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Monday, March 3rd. Northrop Grumman's dividend payout ratio is currently 32.52%.

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.