Northrop Grumman Corporation (NYSE:NOC) is Cohen Investment Advisors LLC's 10th Largest Position

Cohen Investment Advisors LLC raised its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 4,948.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 289,801 shares of the aerospace company's stock after acquiring an additional 284,061 shares during the period. Northrop Grumman makes up about 3.9% of Cohen Investment Advisors LLC's holdings, making the stock its 10th largest position. Cohen Investment Advisors LLC owned 0.20% of Northrop Grumman worth $148,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock valued at $1,394,000 after acquiring an additional 1,895 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Northrop Grumman by 2.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock worth $472,000 after buying an additional 22 shares during the last quarter. NewEdge Wealth LLC grew its position in Northrop Grumman by 2.1% during the fourth quarter. NewEdge Wealth LLC now owns 6,381 shares of the aerospace company's stock valued at $2,995,000 after buying an additional 130 shares during the period. Whipplewood Advisors LLC purchased a new stake in Northrop Grumman during the fourth quarter worth about $31,000. Finally, Kovack Advisors Inc. bought a new stake in Northrop Grumman in the fourth quarter worth about $253,000. Institutional investors own 83.40% of the company's stock.

Northrop Grumman Trading Up 0.5%

Shares of NOC traded up $2.39 during mid-day trading on Monday, reaching $496.39. The company's stock had a trading volume of 102,705 shares, compared to its average volume of 876,617. Northrop Grumman Corporation has a 52 week low of $422.69 and a 52 week high of $555.57. The stock has a market cap of $71.44 billion, a PE ratio of 19.55, a P/E/G ratio of 5.39 and a beta of 0.14. The company's fifty day moving average price is $484.86 and its two-hundred day moving average price is $483.44. 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 (NYSE:NOC - Get Free Report) last posted 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 net margin of 9.19% and a return on equity of 25.46%. The business had revenue of $9.47 billion for the quarter, compared to analysts' expectations of $10.07 billion. On average, analysts predict that Northrop Grumman Corporation 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 was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid a $2.31 dividend. This is a boost from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Monday, June 2nd. Northrop Grumman's payout ratio is 36.46%.

Insider Buying and Selling at Northrop Grumman

In other news, VP Thomas H. Jones sold 729 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $368,706.33. Following the completion of the transaction, the vice president now directly owns 7,552 shares of the company's stock, valued at approximately $3,819,575.04. This represents a 8.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kathy J. Warden sold 3,750 shares of Northrop Grumman stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 209,102 shares in the company, valued at approximately $103,505,490. This represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,569 shares of company stock worth $8,322,279. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Susquehanna reduced 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 report on Wednesday, April 23rd. The Goldman Sachs Group upgraded Northrop Grumman from a "sell" rating to a "neutral" rating and increased their price target for the stock from $424.00 to $521.00 in a research note 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 research note on Wednesday, April 23rd. UBS Group lowered their price target on shares of Northrop Grumman from $583.00 to $571.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Morgan Stanley lifted their price objective on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $552.54.

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.