Stenger Family Office LLC Invests $1.49 Million in Northrop Grumman Co. (NYSE:NOC)

Stenger Family Office LLC bought a new position in Northrop Grumman Co. (NYSE:NOC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,168 shares of the aerospace company's stock, valued at approximately $1,487,000.

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

Insider Buying and Selling

In other Northrop Grumman news, 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 completion of the sale, the chief executive officer now directly owns 212,852 shares in the company, valued at approximately $101,243,053.80. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Benjamin R. Davies sold 192 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $429.08, for a total value of $82,383.36. Following the transaction, the vice president now directly owns 709 shares in the company, valued at $304,217.72. The trade was a 21.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,505 shares of company stock valued at $2,127,182. Company insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upgraded Northrop Grumman from a "sell" rating to a "neutral" rating and increased their price target for the stock from $424.00 to $521.00 in a research note on Friday, April 11th. Royal Bank of Canada upgraded Northrop Grumman from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $500.00 to $575.00 in a research report on Thursday, March 27th. Morgan Stanley boosted 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. Truist Financial lifted their price target on shares of Northrop Grumman from $545.00 to $600.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Barclays dropped their price objective on Northrop Grumman from $550.00 to $500.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Northrop Grumman has a consensus rating of "Moderate Buy" and an average target price of $548.88.

Northrop Grumman Price Performance

Shares of NYSE NOC traded down $11.58 during mid-day trading on Monday, hitting $528.81. 398,412 shares of the stock were exchanged, compared to its average volume of 863,628. The stock's fifty day simple moving average is $488.43 and its two-hundred day simple moving average is $491.50. The company has a market cap of $76.22 billion, a P/E ratio of 18.66, a PEG ratio of 3.73 and a beta of 0.20. 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 Co. has a twelve month low of $418.60 and a twelve month high of $555.57.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The aerospace company reported $6.39 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.12. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. As a group, analysts forecast that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were paid 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 1.56%. Northrop Grumman's dividend payout ratio (DPR) is currently 29.08%.

Northrop Grumman 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.