Inscription Capital LLC Purchases New Holdings in Northrop Grumman Corporation (NYSE:NOC)

Inscription Capital LLC acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 585 shares of the aerospace company's stock, valued at approximately $280,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Northrop Grumman by 55,522.3% during the 1st quarter. GAMMA Investing LLC now owns 1,520,158 shares of the aerospace company's stock worth $778,336,000 after purchasing an additional 1,517,425 shares in the last quarter. Capital International Investors lifted its position in Northrop Grumman by 5.9% during 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 grew its stake in Northrop Grumman by 28.5% during 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 buying an additional 450,858 shares in the last quarter. First Trust Advisors LP increased its holdings in Northrop Grumman by 337.1% in the 4th 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. Finally, Raymond James Financial Inc. bought a new position in Northrop Grumman in the 4th quarter valued at about $171,580,000. Institutional investors own 83.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada cut their price target on shares of Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Argus upgraded Northrop Grumman to a "strong-buy" rating in a research note on Wednesday, February 26th. Wall Street Zen lowered Northrop Grumman from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley boosted their price target on Northrop Grumman from $580.00 to $625.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Finally, 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. Eight equities 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. Based on data from MarketBeat, Northrop Grumman currently has an average rating of "Moderate Buy" and an average price target of $548.33.

Insider Buying and Selling

In other Northrop Grumman news, VP Roshan S. Roeder sold 991 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was 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 in the company, valued at approximately $156,310. The trade was a 75.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kathy J. Warden sold 3,750 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 209,102 shares of the company's stock, valued at $103,505,490. This trade represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,569 shares of company stock valued at $8,322,279 in the last three months. Insiders own 0.23% of the company's stock.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $494.16 on Thursday. The business has a 50 day moving average of $490.53 and a 200-day moving average of $482.80. The company has a market capitalization of $71.12 billion, a P/E ratio of 19.50, a P/E/G ratio of 5.50 and a beta of 0.14. Northrop Grumman Corporation has a 1 year low of $422.69 and a 1 year high of $555.57. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.84.

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

Northrop Grumman Increases Dividend

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

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.

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