Chapman Financial Group LLC Invests $140,000 in Northrop Grumman Co. (NYSE:NOC)

Chapman Financial Group LLC acquired a new position in Northrop Grumman Co. (NYSE:NOC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 299 shares of the aerospace company’s stock, valued at approximately $140,000.

Several other institutional investors also recently bought and sold shares of NOC. Vanguard Group Inc. raised its stake in Northrop Grumman by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 12,677,781 shares of the aerospace company’s stock worth $5,949,556,000 after buying an additional 56,807 shares in the last quarter. Capital International Investors raised its position in shares of Northrop Grumman by 5.9% in the 4th quarter. Capital International Investors now owns 8,239,434 shares of the aerospace company’s stock worth $3,866,133,000 after acquiring an additional 461,307 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Northrop Grumman by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 4,164,700 shares of the aerospace company’s stock worth $1,954,452,000 after purchasing an additional 23,808 shares during the last quarter. Geode Capital Management LLC boosted its position in Northrop Grumman by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 3,025,263 shares of the aerospace company’s stock valued at $1,417,850,000 after purchasing an additional 21,903 shares in the last quarter. Finally, FMR LLC grew its stake in Northrop Grumman by 4.1% in the fourth quarter. FMR LLC now owns 2,807,223 shares of the aerospace company’s stock valued at $1,317,402,000 after purchasing an additional 109,308 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NOC has been the topic of a number of analyst reports. The Goldman Sachs Group raised shares of Northrop Grumman from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $424.00 to $521.00 in a research report on Friday, April 11th. 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. Citigroup upped their target price on Northrop Grumman from $587.00 to $591.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Susquehanna lowered 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, Truist Financial decreased their price objective on shares of Northrop Grumman from $600.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $545.31.

Insider Buying and Selling

In other news, VP Benjamin R. Davies sold 464 shares of Northrop Grumman stock in a transaction dated 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 owns 245 shares in the company, valued at $112,883.75. This trade represents a 65.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kathy J. Warden sold 3,750 shares of the company’s 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 transaction, the chief executive officer now owns 212,852 shares of the company’s stock, 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. In the last 90 days, insiders sold 4,505 shares of company stock valued at $2,127,182. 0.23% of the stock is owned by company insiders.

Northrop Grumman Stock Up 0.4 %

Shares of NOC stock opened at $493.23 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The stock has a 50 day moving average of $496.42 and a 200 day moving average of $487.90. The stock has a market cap of $70.99 billion, a P/E ratio of 17.40, a P/E/G ratio of 3.73 and a beta of 0.20.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.33 by ($0.27). Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $10.07 billion. As a group, sell-side analysts expect that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently declared 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 dividend yield of 1.67%. Northrop Grumman’s dividend payout ratio is presently 32.52%.

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.