Bridgefront Capital LLC Buys New Shares in Northrop Grumman Co. (NYSE:NOC)

Bridgefront Capital LLC acquired a new stake in Northrop Grumman Co. (NYSE:NOC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 569 shares of the aerospace company's stock, valued at approximately $267,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cantor Fitzgerald L. P. acquired a new position in shares of Northrop Grumman in the 4th quarter worth approximately $416,000. Captrust Financial Advisors lifted its holdings in Northrop Grumman by 7.1% during the 4th quarter. Captrust Financial Advisors now owns 21,318 shares of the aerospace company's stock worth $10,004,000 after buying an additional 1,419 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in Northrop Grumman during the 4th quarter worth $1,089,000. Caxton Associates LP lifted its holdings in Northrop Grumman by 10.5% during the 4th quarter. Caxton Associates LP now owns 1,994 shares of the aerospace company's stock worth $936,000 after buying an additional 189 shares in the last quarter. Finally, Chapman Financial Group LLC acquired a new position in Northrop Grumman during the 4th quarter worth $140,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NOC. Argus raised Northrop Grumman to a "strong-buy" rating in a report on Wednesday, February 26th. StockNews.com downgraded Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Truist Financial reduced their price objective on Northrop Grumman from $600.00 to $550.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Susquehanna reduced their target price on Northrop Grumman from $557.00 to $540.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, Wolfe Research raised Northrop Grumman from an "underperform" rating to a "peer perform" rating in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $545.31.

Northrop Grumman Price Performance

Shares of NYSE NOC traded down $6.06 during midday trading on Monday, reaching $476.56. The company's stock had a trading volume of 852,809 shares, compared to its average volume of 891,041. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The business's 50 day moving average price is $498.08 and its two-hundred day moving average price is $486.87. The company has a market cap of $68.59 billion, a P/E ratio of 16.85, a P/E/G ratio of 3.73 and a beta of 0.15.

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

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were paid a dividend of $2.06 per share. 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 1.73%. Northrop Grumman's payout ratio is presently 32.52%.

Insiders Place Their Bets

In related news, CEO Kathy J. Warden sold 3,750 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $475.65, for a total value of $1,783,687.50. Following the sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Benjamin R. Davies sold 464 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $460.75, for a total transaction of $213,788.00. Following the completion of the sale, the vice president now directly owns 245 shares in the company, valued at approximately $112,883.75. This represents a 65.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,505 shares of company stock valued at $2,127,632. 0.23% of the stock is currently owned by insiders.

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.