Western Wealth Management LLC Has $765,000 Stake in Northrop Grumman Corporation (NYSE:NOC)

Western Wealth Management LLC raised its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 58.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,493 shares of the aerospace company's stock after acquiring an additional 553 shares during the period. Western Wealth Management LLC's holdings in Northrop Grumman were worth $765,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Northrop Grumman by 55,522.3% in the first 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 during the period. Capital International Investors grew its position in shares of Northrop Grumman by 5.9% during the 4th quarter. Capital International Investors now owns 8,239,434 shares of the aerospace company's stock worth $3,866,133,000 after buying 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% 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 during the last quarter. First Trust Advisors LP lifted its holdings in 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. Finally, Raymond James Financial Inc. bought a new position in Northrop Grumman in the fourth quarter valued at approximately $171,580,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

NYSE NOC opened at $494.45 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.84. The company has a fifty day moving average price of $484.86 and a 200-day moving average price of $483.37. Northrop Grumman Corporation has a 1 year low of $422.69 and a 1 year high of $555.57. The firm has a market cap of $71.17 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 5.39 and a beta of 0.14.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.27). Northrop Grumman had a return on equity of 25.46% and a net margin of 9.19%. The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $10.07 billion. As a group, equities research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were given 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 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Monday, June 2nd. Northrop Grumman's dividend payout ratio (DPR) is 36.46%.

Analyst Ratings Changes

NOC has been the subject of several research analyst reports. Susquehanna decreased their price target on shares of Northrop Grumman from $557.00 to $540.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley boosted their target price on Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Wall Street Zen downgraded Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Truist Financial cut their price objective on Northrop Grumman from $600.00 to $550.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group lowered their target price on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $552.54.

Insider Buying and Selling

In related news, CEO Kathy J. Warden sold 7,500 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 value of $3,793,275.00. Following the transaction, the chief executive officer now owns 201,602 shares in the company, valued at $101,964,243.54. The trade was a 3.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Roshan S. Roeder sold 991 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $490.00, for a total transaction of $485,590.00. Following the completion of the sale, the vice president now owns 319 shares in the company, valued at $156,310. This represents a 75.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,569 shares of company stock valued at $8,322,279 over the last quarter. Corporate insiders own 0.23% of the company's stock.

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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