GAM Holding AG Has $1.20 Million Stock Position in Northrop Grumman Corporation (NYSE:NOC)

GAM Holding AG lifted its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 51.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,338 shares of the aerospace company's stock after buying an additional 799 shares during the quarter. GAM Holding AG's holdings in Northrop Grumman were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Northrop Grumman by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 12,677,781 shares of the aerospace company's stock worth $5,949,556,000 after buying an additional 56,807 shares during the last quarter. Capital International Investors raised its stake in Northrop Grumman by 5.9% during the 4th quarter. Capital International Investors now owns 8,239,434 shares of the aerospace company's stock valued at $3,866,133,000 after purchasing an additional 461,307 shares during the last quarter. Wellington Management Group LLP raised its stake in Northrop Grumman by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 4,164,700 shares of the aerospace company's stock valued at $1,954,452,000 after purchasing an additional 23,808 shares during the last quarter. Geode Capital Management LLC raised its stake in Northrop Grumman by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 3,025,263 shares of the aerospace company's stock valued at $1,417,850,000 after purchasing an additional 21,903 shares during the last quarter. Finally, FMR LLC raised its stake in Northrop Grumman by 4.1% during the 4th quarter. FMR LLC now owns 2,807,223 shares of the aerospace company's stock valued at $1,317,402,000 after purchasing an additional 109,308 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Up 0.7%

Shares of Northrop Grumman stock opened at $497.92 on Friday. The stock has a market capitalization of $71.67 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 5.43 and a beta of 0.14. The company has a quick ratio of 0.84, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The company has a 50-day simple moving average of $489.35 and a 200 day simple moving average of $482.93. Northrop Grumman Corporation has a 12-month low of $422.69 and a 12-month high of $555.57.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $10.07 billion. Northrop Grumman had a return on equity of 25.46% and a net margin of 9.19%. Research analysts expect that Northrop Grumman Corporation will post 28.05 earnings per share 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 issued a dividend of $2.31 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $9.24 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.06. Northrop Grumman's dividend payout ratio is currently 36.46%.

Insiders Place Their Bets

In other Northrop Grumman news, CEO Kathy J. Warden sold 7,500 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $3,793,275.00. Following the sale, the chief executive officer now owns 201,602 shares of the company's stock, valued at $101,964,243.54. This represents a 3.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas H. Jones sold 729 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $368,706.33. Following the sale, the vice president now directly owns 7,552 shares in the company, valued at approximately $3,819,575.04. This represents a 8.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,569 shares of company stock valued at $8,322,279 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on NOC. Argus upgraded shares of Northrop Grumman to a "strong-buy" rating in a research note on Wednesday, February 26th. Susquehanna cut their target price on shares of Northrop Grumman from $557.00 to $540.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 target price on shares of Northrop Grumman and gave the company an "overweight" rating in a research note on Thursday, April 24th. Truist Financial cut their target price on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of Northrop Grumman from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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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