Cohen Investment Advisors LLC Sells 4,660 Shares of Northrop Grumman Corporation (NYSE:NOC)

Cohen Investment Advisors LLC decreased its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 81.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,080 shares of the aerospace company's stock after selling 4,660 shares during the period. Cohen Investment Advisors LLC's holdings in Northrop Grumman were worth $553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Northrop Grumman by 55,522.3% in the first quarter. GAMMA Investing LLC now owns 1,520,158 shares of the aerospace company's stock worth $778,336,000 after buying an additional 1,517,425 shares in the last quarter. Capital International Investors raised its holdings in Northrop Grumman by 5.9% in the fourth quarter. Capital International Investors now owns 8,239,434 shares of the aerospace company's stock worth $3,866,133,000 after purchasing an additional 461,307 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Northrop Grumman by 28.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,030,644 shares of the aerospace company's stock worth $952,962,000 after purchasing an additional 450,858 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Northrop Grumman by 337.1% during the fourth quarter. First Trust Advisors LP now owns 482,112 shares of the aerospace company's stock valued at $226,250,000 after acquiring an additional 371,814 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Northrop Grumman during the fourth quarter valued at approximately $171,580,000. 83.40% of the stock is currently owned by institutional investors.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Robert J. Fleming sold 3,500 shares of Northrop Grumman stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the sale, the vice president directly owned 1,827 shares of the company's stock, valued at approximately $924,041.79. The trade was a 65.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kathy J. Warden sold 7,500 shares of Northrop Grumman stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $3,793,275.00. Following the sale, the chief executive officer directly owned 201,602 shares in the company, valued at $101,964,243.54. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,569 shares of company stock valued at $8,322,279. 0.23% of the stock is owned by insiders.

Northrop Grumman Stock Up 0.9%

NYSE:NOC traded up $4.50 during mid-day trading on Friday, hitting $503.40. The company had a trading volume of 381,831 shares, compared to its average volume of 880,004. The business has a fifty day simple moving average of $486.37 and a 200-day simple moving average of $483.97. The company has a current ratio of 0.95, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 1 year low of $422.69 and a 1 year high of $555.57. The firm has a market capitalization of $72.45 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 5.51 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 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.27). The firm had revenue of $9.47 billion for 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%. Equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid a dividend of $2.31 per share. This is an increase from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 annualized dividend and a yield of 1.84%. The ex-dividend date was Monday, June 2nd. Northrop Grumman's payout ratio is 36.46%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NOC. Wall Street Zen downgraded Northrop Grumman from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley boosted their target price on Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Truist Financial dropped their price objective on Northrop Grumman from $600.00 to $550.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. UBS Group cut their price target on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reduced their target price on Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $552.54.

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.