MGO One Seven LLC Buys 1,069 Shares of Northrop Grumman Co. (NYSE:NOC)

MGO One Seven LLC lifted its holdings in Northrop Grumman Co. (NYSE:NOC - Free Report) by 29.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,651 shares of the aerospace company's stock after buying an additional 1,069 shares during the period. MGO One Seven LLC's holdings in Northrop Grumman were worth $2,183,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NOC. Whipplewood Advisors LLC bought a new position in Northrop Grumman in the 4th quarter valued at $31,000. Albion Financial Group UT bought a new position in Northrop Grumman during the fourth quarter valued at about $33,000. Modus Advisors LLC bought a new position in Northrop Grumman during the fourth quarter valued at about $38,000. Stonebridge Financial Group LLC purchased a new stake in Northrop Grumman during the fourth quarter worth about $42,000. Finally, Rakuten Securities Inc. raised its position in Northrop Grumman by 291.7% in the fourth quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company's stock worth $44,000 after acquiring an additional 70 shares during the period. 83.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NOC shares. Wolfe Research raised shares of Northrop Grumman from an "underperform" rating to a "peer perform" rating in a report on Monday, February 3rd. Citigroup boosted their target price on Northrop Grumman from $587.00 to $591.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Royal Bank of Canada dropped 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. Wells Fargo & Company set a $525.00 price objective on Northrop Grumman and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Argus raised shares of Northrop Grumman to a "strong-buy" rating in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $545.31.

Northrop Grumman Price Performance

NYSE NOC traded down $1.58 on Wednesday, reaching $480.52. 169,100 shares of the company's stock traded hands, compared to its average volume of 887,212. The stock has a market cap of $69.16 billion, a PE ratio of 16.96, a P/E/G ratio of 3.73 and a beta of 0.20. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The stock has a 50-day simple moving average of $493.54 and a 200 day simple moving average of $489.33. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.01 and a quick ratio of 0.91.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued 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). Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. The business had revenue of $9.47 billion during the quarter, compared to analysts' expectations of $10.07 billion. As a group, research analysts predict that Northrop Grumman Co. will post 28.05 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a $2.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 annualized dividend and a yield of 1.71%. Northrop Grumman's payout ratio is currently 32.52%.

Insider Activity

In related news, VP Benjamin R. Davies sold 464 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $460.75, for a total transaction of $213,788.00. Following the transaction, the vice president now owns 245 shares in the company, valued at $112,883.75. The trade was a 65.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kathy J. Warden sold 3,750 shares of Northrop Grumman stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the completion of the sale, the chief executive officer now owns 212,852 shares in the company, valued at approximately $101,243,053.80. This trade represents a 1.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,505 shares of company stock valued at $2,127,182. 0.23% of the stock is currently owned by company insiders.

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.