WoodTrust Financial Corp Acquires 666 Shares of Northrop Grumman Corporation (NYSE:NOC)

WoodTrust Financial Corp lifted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,521 shares of the aerospace company's stock after purchasing an additional 666 shares during the quarter. WoodTrust Financial Corp's holdings in Northrop Grumman were worth $6,411,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Redhawk Wealth Advisors Inc. increased its stake in Northrop Grumman by 3.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company's stock valued at $330,000 after purchasing an additional 19 shares in the last quarter. Salvus Wealth Management LLC increased its stake in Northrop Grumman by 1.5% in the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company's stock valued at $691,000 after purchasing an additional 20 shares in the last quarter. IAG Wealth Partners LLC increased its stake in Northrop Grumman by 8.4% in the first quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company's stock valued at $139,000 after purchasing an additional 21 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Northrop Grumman by 2.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock valued at $472,000 after purchasing an additional 22 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its stake in Northrop Grumman by 1.2% in the fourth quarter. Jacobi Capital Management LLC now owns 1,987 shares of the aerospace company's stock valued at $933,000 after purchasing an additional 23 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 7,500 shares of the business'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 directly owns 201,602 shares in the company, valued at $101,964,243.54. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert J. Fleming sold 3,500 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the completion of the sale, the vice president now directly owns 1,827 shares in the company, valued at approximately $924,041.79. This trade represents a 65.70% 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 worth $8,322,279 over the last three months. 0.23% of the stock is currently owned by insiders.

Northrop Grumman Stock Up 0.2%

Northrop Grumman stock traded up $0.79 during midday trading on Friday, hitting $494.45. 874,272 shares of the stock were exchanged, compared to its average volume of 880,545. Northrop Grumman Corporation has a 52-week low of $422.69 and a 52-week high of $555.57. The stock has a market capitalization of $71.17 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 5.39 and a beta of 0.14. The business's 50-day moving average price is $484.86 and its 200-day moving average price is $483.37. The company has a quick ratio of 0.84, a current ratio of 0.95 and a debt-to-equity ratio of 0.95.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share 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 firm had revenue of $9.47 billion for the quarter, compared to analysts' expectations of $10.07 billion. On average, research analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

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

Analyst Upgrades and Downgrades

NOC has been the subject of several research analyst reports. Truist Financial decreased their price target 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. Wells Fargo & Company set a $525.00 price objective on shares of Northrop Grumman and gave the company an "overweight" rating in a report on Thursday, April 24th. Susquehanna reduced their price objective 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 lifted their price objective on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group upgraded shares of Northrop Grumman from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $424.00 to $521.00 in a report on Friday, April 11th. Seven investment 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. Based on data from MarketBeat, Northrop Grumman presently has an average rating of "Moderate Buy" and a consensus price target of $552.54.

About Northrop Grumman

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.