2,100 Shares in Northrop Grumman Co. (NYSE:NOC) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,100 shares of the aerospace company's stock, valued at approximately $985,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new position in shares of Northrop Grumman in the 4th quarter worth about $31,000. Bellwether Advisors LLC acquired a new position in Northrop Grumman during the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC acquired a new position in Northrop Grumman during the 4th quarter worth approximately $42,000. Rakuten Securities Inc. raised its stake in Northrop Grumman by 291.7% during 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 period. Finally, VSM Wealth Advisory LLC acquired a new position in Northrop Grumman during the 4th quarter worth approximately $47,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

NYSE NOC traded up $3.78 on Tuesday, hitting $475.24. 868,686 shares of the stock traded hands, compared to its average volume of 904,807. The business's fifty day moving average is $494.75 and its two-hundred day moving average is $483.63. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The firm has a market capitalization of $68.40 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 3.73 and a beta of 0.15. 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 (NYSE:NOC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.27). Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. The firm had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $10.07 billion. As a group, equities analysts anticipate that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd will be issued a $2.31 dividend. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Monday, June 2nd. Northrop Grumman's dividend payout ratio (DPR) is presently 36.46%.

Insider Transactions at Northrop Grumman

In related news, VP Benjamin R. Davies sold 464 shares of the 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 in the company, valued at approximately $112,883.75. This trade represents a 65.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $475.65, for a total value of $1,783,687.50. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 4,313 shares of company stock valued at $2,045,249 over the last three months. Company insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Truist Financial dropped their price target on Northrop Grumman from $600.00 to $550.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Citigroup upped their price target on Northrop Grumman from $587.00 to $591.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Argus raised Northrop Grumman to a "strong-buy" rating in a research note on Wednesday, February 26th. Wells Fargo & Company set a $525.00 price objective on Northrop Grumman and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada lowered their price objective on Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $545.31.

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.