Northrop Grumman Co. (NYSE:NOC) Shares Acquired by Bison Wealth LLC

Bison Wealth LLC increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 641 shares of the aerospace company’s stock after acquiring an additional 32 shares during the period. Bison Wealth LLC’s holdings in Northrop Grumman were worth $301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOC. Whipplewood Advisors LLC bought a new stake in Northrop Grumman during the fourth quarter worth approximately $31,000. Albion Financial Group UT bought a new stake in shares of Northrop Grumman during the 4th quarter worth $33,000. Bellwether Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter worth $33,000. Modus Advisors LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth $38,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth $42,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Up 0.9 %

Northrop Grumman stock opened at $486.28 on Thursday. 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 firm has a market capitalization of $69.99 billion, a PE ratio of 17.16, a PEG ratio of 3.73 and a beta of 0.20. The business’s 50-day simple moving average is $494.29 and its 200-day simple moving average is $489.31.

Northrop Grumman (NYSE:NOC) last issued its quarterly 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). The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $10.07 billion. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. Equities research analysts forecast 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. Stockholders of record on Monday, March 3rd were given a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, March 3rd. Northrop Grumman’s dividend payout ratio is currently 32.52%.

Analyst Ratings Changes

A number of analysts have commented on the stock. 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 research note on Wednesday, April 23rd. Barclays reduced their price target on shares of Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. UBS Group lowered their price objective on shares of Northrop Grumman from $583.00 to $571.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 target price on Northrop Grumman and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Wolfe Research raised Northrop Grumman from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $545.31.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $475.65, for a total value of $1,783,687.50. Following the sale, the chief executive officer now owns 212,852 shares of the company’s stock, valued at $101,243,053.80. The trade was a 1.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Benjamin R. Davies sold 192 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $429.08, for a total transaction of $82,383.36. Following the transaction, the vice president now directly owns 709 shares of the company’s stock, 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. Over the last 90 days, insiders sold 4,505 shares of company stock worth $2,127,182. 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.