760 Shares in Northrop Grumman Co. (NYSE:NOC) Purchased by Lionshead Wealth Management LLC

Lionshead Wealth Management LLC purchased a new stake in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 760 shares of the aerospace company's stock, valued at approximately $357,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NOC. Sapient Capital LLC boosted its holdings in Northrop Grumman by 1.1% during the 4th quarter. Sapient Capital LLC now owns 2,049 shares of the aerospace company's stock valued at $962,000 after acquiring an additional 22 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Northrop Grumman by 2.2% during 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 in the last quarter. Mather Group LLC. increased its position in shares of Northrop Grumman by 2.6% during the fourth quarter. Mather Group LLC. now owns 900 shares of the aerospace company's stock worth $422,000 after acquiring an additional 23 shares during the period. Jacobi Capital Management LLC raised its stake in shares of 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 acquiring an additional 23 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC boosted its holdings in Northrop Grumman by 5.9% in the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 432 shares of the aerospace company's stock valued at $203,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 83.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reduced their price target on Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. 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 research note on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 target price on shares of Northrop Grumman and gave the stock an "overweight" rating in a research note on Thursday, April 24th. UBS Group decreased their price target on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Morgan Stanley increased their price objective on Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $545.31.

Northrop Grumman Price Performance

NYSE:NOC traded up $13.62 during trading hours on Thursday, hitting $469.92. The company's stock had a trading volume of 1,116,113 shares, compared to its average volume of 898,024. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. The business's 50-day moving average is $497.49 and its two-hundred day moving average is $486.29. The company has a market capitalization of $67.63 billion, a PE ratio of 16.58, a PEG ratio of 3.73 and a beta of 0.15.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). The company had revenue of $9.47 billion during the quarter, compared to analysts' expectations of $10.07 billion. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. As a group, research analysts anticipate that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were paid a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Monday, March 3rd. Northrop Grumman's dividend payout ratio (DPR) is 32.52%.

Insider Buying and Selling

In other news, VP Benjamin R. Davies sold 464 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $460.75, for a total value of $213,788.00. Following the sale, the vice president now directly owns 245 shares in the company, valued at $112,883.75. This represents a 65.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kathy J. Warden sold 3,750 shares of Northrop Grumman stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $475.65, for a total value of $1,783,687.50. Following the transaction, the chief executive officer now owns 212,852 shares of the company's stock, valued at $101,243,053.80. This represents a 1.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,505 shares of company stock worth $2,127,632 in the last quarter. Company insiders own 0.23% of the company's stock.

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.