Nebula Research & Development LLC Has $300,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Nebula Research & Development LLC reduced its position in Northrop Grumman Co. (NYSE:NOC - Free Report) by 68.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 640 shares of the aerospace company's stock after selling 1,380 shares during the period. Nebula Research & Development LLC's holdings in Northrop Grumman were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of Northrop Grumman in the fourth quarter worth about $31,000. Albion Financial Group UT acquired a new position in shares of Northrop Grumman during the fourth quarter valued at about $33,000. Modus Advisors LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $38,000. Stonebridge Financial Group LLC bought a new position in Northrop Grumman in the fourth quarter worth $42,000. Finally, Rakuten Securities Inc. increased its stake in Northrop Grumman by 291.7% in the fourth quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 70 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the completion of the transaction, the chief executive officer now owns 212,852 shares in the company, valued at approximately $101,243,053.80. This represents a 1.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Benjamin R. Davies sold 192 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $429.08, for a total value of $82,383.36. Following the completion of the sale, the vice president now owns 709 shares in the company, valued at approximately $304,217.72. This trade represents a 21.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,505 shares of company stock worth $2,127,182. Company insiders own 0.23% of the company's stock.

Northrop Grumman Trading Up 1.1 %

NYSE:NOC traded up $5.26 during trading hours on Friday, hitting $491.93. The stock had a trading volume of 1,728,616 shares, compared to its average volume of 890,930. The business's 50 day moving average is $495.65 and its 200-day moving average is $488.74. The company has a market cap of $70.80 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 3.73 and a beta of 0.20. Northrop Grumman Co. has a one year low of $418.60 and a one year 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.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued 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 26.24% and a net margin of 10.17%. The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $10.07 billion. Sell-side analysts anticipate that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were paid a dividend of $2.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.68%. Northrop Grumman's payout ratio is 32.52%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Argus upgraded Northrop Grumman to a "strong-buy" rating in a research report on Wednesday, February 26th. Barclays dropped their price target on Northrop Grumman from $550.00 to $500.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Truist Financial decreased their target price on Northrop Grumman from $600.00 to $550.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Susquehanna cut their price target on Northrop Grumman from $557.00 to $540.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group decreased their price objective on shares of Northrop Grumman from $583.00 to $571.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $545.31.

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.