1,034 Shares in Northrop Grumman Corporation (NYSE:NOC) Bought by Aspetuck Financial Management LLC

Aspetuck Financial Management LLC bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,034 shares of the aerospace company's stock, valued at approximately $529,000.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth about $31,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth about $32,000. Bellwether Advisors LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth about $33,000. Rakuten Securities Inc. grew its position in shares of Northrop Grumman by 291.7% during the fourth quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company's stock worth $44,000 after purchasing an additional 70 shares in the last quarter. Finally, HWG Holdings LP purchased a new stake in shares of Northrop Grumman during the first quarter worth about $46,000. Hedge funds and other institutional investors own 83.40% of the company's stock.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $495.00, for a total value of $1,856,250.00. Following the completion of the sale, the chief executive officer now directly owns 209,102 shares in the company, valued at approximately $103,505,490. This represents a 1.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Roshan S. Roeder sold 991 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $490.00, for a total value of $485,590.00. Following the completion of the sale, the vice president now owns 319 shares of the company's stock, valued at $156,310. This represents a 75.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,569 shares of company stock valued at $8,322,279 in the last quarter. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NOC has been the topic of a number of research reports. UBS Group reduced their price objective on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Susquehanna reduced their price objective on Northrop Grumman from $557.00 to $540.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen downgraded Northrop Grumman from a "buy" rating to a "hold" rating in a research note 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 research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group raised Northrop Grumman from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $424.00 to $521.00 in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $552.54.

Northrop Grumman Trading Up 0.2%

Shares of Northrop Grumman stock traded up $0.79 on Friday, reaching $494.45. The company had a trading volume of 874,272 shares, compared to its average volume of 880,545. The firm has a market cap of $71.17 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 5.39 and a beta of 0.14. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.84. The firm's 50-day moving average price is $484.86 and its two-hundred day moving average price is $483.37. Northrop Grumman Corporation has a 1 year low of $422.69 and a 1 year high of $555.57.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.27). The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $10.07 billion. Northrop Grumman had a net margin of 9.19% and a return on equity of 25.46%. As a group, research analysts predict that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.87%. The ex-dividend date was Monday, June 2nd. This is an increase from Northrop Grumman's previous quarterly dividend of $2.06. Northrop Grumman's dividend payout ratio is 36.46%.

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.