Asset Management One Co. Ltd. Has $31.76 Million Holdings in Northrop Grumman Corporation (NYSE:NOC)

Asset Management One Co. Ltd. raised its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,037 shares of the aerospace company's stock after purchasing an additional 2,848 shares during the period. Asset Management One Co. Ltd.'s holdings in Northrop Grumman were worth $31,764,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NOC. Redhawk Wealth Advisors Inc. increased its stake in Northrop Grumman by 3.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock valued at $330,000 after purchasing an additional 19 shares in the last quarter. Salvus Wealth Management LLC grew its holdings in shares of Northrop Grumman by 1.5% during the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock valued at $691,000 after buying an additional 20 shares during the last quarter. IAG Wealth Partners LLC grew its holdings in shares of Northrop Grumman by 8.4% during the first quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock valued at $139,000 after buying an additional 21 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Northrop Grumman by 2.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock valued at $472,000 after buying an additional 22 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of Northrop Grumman by 1.2% during the fourth quarter. Jacobi Capital Management LLC now owns 1,987 shares of the aerospace company's stock valued at $933,000 after buying an additional 23 shares during the last quarter. Institutional investors own 83.40% of the company's stock.

Insiders Place Their Bets

In other news, VP Roshan S. Roeder sold 991 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total value of $485,590.00. Following the sale, the vice president now owns 319 shares of the company's stock, valued at $156,310. The trade was a 75.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Thomas H. Jones sold 729 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $368,706.33. Following the completion of the sale, the vice president now directly owns 7,552 shares in the company, valued at approximately $3,819,575.04. This trade represents a 8.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,569 shares of company stock valued at $8,322,279. Company insiders own 0.23% of the company's stock.

Northrop Grumman Stock Down 3.2%

Northrop Grumman stock opened at $483.90 on Wednesday. Northrop Grumman Corporation has a fifty-two week low of $422.69 and a fifty-two week high of $555.57. The stock has a market cap of $69.65 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 5.46 and a beta of 0.14. The firm's 50-day simple moving average is $487.72 and its 200 day simple moving average is $483.14. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.95.

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 company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $10.07 billion. Northrop Grumman had a return on equity of 25.46% and a net margin of 9.19%. Research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business 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 is a positive change from Northrop Grumman's previous quarterly dividend of $2.06. The ex-dividend date was Monday, June 2nd. This represents a $9.24 annualized dividend and a yield of 1.91%. Northrop Grumman's payout ratio is currently 36.46%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NOC. UBS Group reduced their price objective on shares of Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Susquehanna reduced their price objective on shares of Northrop Grumman from $557.00 to $540.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Truist Financial reduced their price objective on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company set a $525.00 price objective on shares of Northrop Grumman and gave the company an "overweight" rating in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Northrop Grumman has an average rating of "Moderate Buy" and an average price target of $553.43.

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.

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