602 Shares in Northrop Grumman Co. (NYSE:NOC) Bought by Neumann Capital Management LLC

Neumann Capital Management LLC acquired a new position in Northrop Grumman Co. (NYSE:NOC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 602 shares of the aerospace company's stock, valued at approximately $308,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock valued at $1,394,000 after purchasing an additional 1,895 shares during the period. Empowered Funds LLC lifted its stake in shares of Northrop Grumman by 21.9% in the 4th quarter. Empowered Funds LLC now owns 12,196 shares of the aerospace company's stock valued at $5,723,000 after purchasing an additional 2,193 shares during the period. Savant Capital LLC lifted its stake in shares of Northrop Grumman by 13.3% in the 4th quarter. Savant Capital LLC now owns 5,942 shares of the aerospace company's stock valued at $2,788,000 after purchasing an additional 699 shares during the period. Principle Wealth Partners LLC lifted its stake in shares of Northrop Grumman by 6.1% in the 4th quarter. Principle Wealth Partners LLC now owns 1,899 shares of the aerospace company's stock valued at $891,000 after purchasing an additional 110 shares during the period. Finally, Sapient Capital LLC lifted its stake in shares of Northrop Grumman by 1.1% in the 4th quarter. Sapient Capital LLC now owns 2,049 shares of the aerospace company's stock valued at $962,000 after purchasing an additional 22 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Up 4.0%

Shares of Northrop Grumman stock traded up $20.09 on Friday, reaching $517.22. The company's stock had a trading volume of 1,842,813 shares, compared to its average volume of 886,029. The company has a market capitalization of $74.44 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 3.73 and a beta of 0.14. The firm's fifty day simple moving average is $490.98 and its two-hundred day simple moving average is $482.62. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). The business 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 26.24% and a net margin of 10.17%. Equities analysts anticipate that Northrop Grumman Co. will post 28.05 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be issued a $2.31 dividend. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.06. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.79%. Northrop Grumman's dividend payout ratio (DPR) is presently 36.46%.

Insiders Place Their Bets

In related news, CEO Kathy J. Warden sold 7,500 shares of Northrop Grumman stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $3,793,275.00. Following the completion of the sale, the chief executive officer now owns 201,602 shares of the company's stock, valued at $101,964,243.54. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Roshan S. Roeder sold 991 shares of Northrop Grumman stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $490.00, for a total value of $485,590.00. Following the completion of the sale, the vice president now directly owns 319 shares of the company's stock, valued at $156,310. The trade was a 75.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,340 shares of company stock valued at $6,183,378. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NOC shares. Wells Fargo & Company set a $525.00 target price on Northrop Grumman and gave the company an "overweight" rating in a research note on Thursday, April 24th. Wall Street Zen cut Northrop Grumman from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Susquehanna lowered their price objective on Northrop Grumman from $557.00 to $540.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada lowered 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. Finally, Argus upgraded Northrop Grumman to a "strong-buy" rating in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, nine have issued 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 a consensus target price of $545.31.

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.