1,414 Shares in Northrop Grumman Co. (NYSE:NOC) Bought by DSG Capital Advisors LLC

DSG Capital Advisors LLC purchased a new position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,414 shares of the aerospace company's stock, valued at approximately $664,000.

A number of other institutional investors also recently made changes to their positions in the stock. Capital International Investors lifted its position 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 during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Northrop Grumman by 28.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,030,644 shares of the aerospace company's stock worth $952,962,000 after buying an additional 450,858 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Northrop Grumman by 337.1% in the fourth quarter. First Trust Advisors LP now owns 482,112 shares of the aerospace company's stock valued at $226,250,000 after buying an additional 371,814 shares during the period. Raymond James Financial Inc. bought a new position in Northrop Grumman during the fourth quarter valued at about $171,580,000. Finally, Invesco Ltd. grew its holdings in Northrop Grumman by 24.7% during the fourth quarter. Invesco Ltd. now owns 1,733,680 shares of the aerospace company's stock worth $813,599,000 after acquiring an additional 343,018 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Trading Up 1.0%

NYSE NOC opened at $484.36 on Monday. The firm's fifty day simple moving average is $493.38 and its 200-day simple moving average is $482.43. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $69.71 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 3.73 and a beta of 0.15. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.27). Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $10.07 billion. As a group, sell-side analysts anticipate that Northrop Grumman Co. will post 28.05 earnings per share 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 paid a dividend of $2.31 per share. This is a boost from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Monday, June 2nd. Northrop Grumman's dividend payout ratio is 36.46%.

Insider Activity 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, March 6th. The stock was sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the transaction, the chief executive officer now owns 212,852 shares of the company's stock, valued at approximately $101,243,053.80. This represents a 1.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,849 shares of company stock valued at $1,831,461 over the last quarter. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NOC shares. The Goldman Sachs Group raised shares of Northrop Grumman from a "sell" rating to a "neutral" rating and upped their price target for the company from $424.00 to $521.00 in a report on Friday, April 11th. Truist Financial reduced their target price 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. Morgan Stanley lifted their price target on shares of Northrop Grumman from $580.00 to $625.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Wolfe Research upgraded Northrop Grumman from an "underperform" rating to a "peer perform" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reduced 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 research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $545.31.

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.