Northrop Grumman Co. (NYSE:NOC) Stock Holdings Increased by WoodTrust Financial Corp

WoodTrust Financial Corp increased its holdings in Northrop Grumman Co. (NYSE:NOCFree Report) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,675 shares of the aerospace company’s stock after purchasing an additional 38 shares during the quarter. WoodTrust Financial Corp’s holdings in Northrop Grumman were worth $4,997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Northrop Grumman in the 3rd quarter worth approximately $29,000. State of Wyoming raised its holdings in shares of Northrop Grumman by 76.5% during the fourth quarter. State of Wyoming now owns 60 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 26 shares during the period. IMA Wealth Inc. raised its holdings in shares of Northrop Grumman by 196.3% during the second quarter. IMA Wealth Inc. now owns 80 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 53 shares during the period. Providence Capital Advisors LLC raised its holdings in shares of Northrop Grumman by 400.0% during the third quarter. Providence Capital Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 80 shares during the period. Finally, West Tower Group LLC acquired a new stake in shares of Northrop Grumman during the second quarter valued at approximately $48,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NOC shares. Deutsche Bank Aktiengesellschaft lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating and dropped their price objective for the company from $541.00 to $473.00 in a research note on Friday, December 15th. StockNews.com downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Susquehanna decreased their target price on shares of Northrop Grumman from $560.00 to $540.00 and set a “positive” rating for the company in a research report on Friday, January 26th. Robert W. Baird decreased their target price on shares of Northrop Grumman from $505.00 to $475.00 and set a “neutral” rating for the company in a research report on Friday, January 26th. Finally, TheStreet downgraded shares of Northrop Grumman from a “b+” rating to a “c+” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $494.33.

Read Our Latest Analysis on NOC

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Kathryn G. Simpson sold 711 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $453.22, for a total value of $322,239.42. Following the completion of the sale, the vice president now directly owns 2,024 shares of the company’s stock, valued at approximately $917,317.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Kathryn G. Simpson sold 1,273 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the completion of the transaction, the vice president now directly owns 2,735 shares of the company’s stock, valued at approximately $1,231,761.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kathryn G. Simpson sold 711 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $453.22, for a total transaction of $322,239.42. Following the transaction, the vice president now directly owns 2,024 shares of the company’s stock, valued at $917,317.28. The disclosure for this sale can be found here. Insiders sold a total of 3,149 shares of company stock valued at $1,421,147 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NYSE NOC traded down $7.79 during trading hours on Wednesday, hitting $458.57. 525,113 shares of the stock were exchanged, compared to its average volume of 935,521. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.15 and a quick ratio of 1.05. Northrop Grumman Co. has a one year low of $414.56 and a one year high of $496.89. The company’s 50 day moving average is $457.46 and its 200 day moving average is $462.83. The firm has a market capitalization of $68.80 billion, a P/E ratio of 34.60, a P/E/G ratio of 1.90 and a beta of 0.35.

Northrop Grumman (NYSE:NOCGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $6.27 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.47. Northrop Grumman had a net margin of 5.23% and a return on equity of 23.07%. The firm had revenue of $10.64 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same period in the prior year, the firm earned $7.50 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, research analysts expect that Northrop Grumman Co. will post 24.67 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 26th were issued a $1.87 dividend. This represents a $7.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 55.49%.

Northrop Grumman Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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