Callan Family Office LLC Acquires Shares of 1,316 Northrop Grumman Co. (NYSE:NOC)

Callan Family Office LLC acquired a new stake in shares of Northrop Grumman Co. (NYSE:NOC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,316 shares of the aerospace company’s stock, valued at approximately $618,000.

Other large investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in Northrop Grumman during the 3rd quarter valued at approximately $31,000. Whipplewood Advisors LLC bought a new stake in Northrop Grumman during the 4th quarter valued at approximately $31,000. FSA Wealth Management LLC bought a new stake in Northrop Grumman during the 3rd quarter valued at approximately $36,000. Albion Financial Group UT bought a new stake in Northrop Grumman during the 4th quarter valued at approximately $33,000. Finally, Modus Advisors LLC bought a new stake in Northrop Grumman during the 4th quarter valued at approximately $38,000. 83.40% of the stock is owned by institutional investors.

Insider Activity

In other 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 transaction of $1,783,687.50. Following the completion of 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 legal filing with the SEC, which is available at this link. Also, VP Benjamin R. Davies sold 192 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $429.08, for a total transaction of $82,383.36. Following the sale, the vice president now directly owns 709 shares of the company’s stock, valued at approximately $304,217.72. The trade was a 21.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,505 shares of company stock valued at $2,126,405 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC opened at $487.22 on Monday. The firm has a market cap of $70.53 billion, a PE ratio of 17.19, a P/E/G ratio of 3.73 and a beta of 0.31. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $469.88 and a two-hundred day simple moving average of $495.03. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $0.12. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. On average, equities analysts anticipate that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the aerospace company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be paid a dividend of $2.06 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.69%. Northrop Grumman’s dividend payout ratio is presently 29.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NOC shares. Susquehanna lowered their target price on shares of Northrop Grumman from $625.00 to $557.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of Northrop Grumman from $545.00 to $547.00 and gave the company an “overweight” rating in a report on Friday. UBS Group lowered their target price on shares of Northrop Grumman from $579.00 to $558.00 and set a “buy” rating for the company in a report on Friday, January 31st. Citigroup lifted their target price on shares of Northrop Grumman from $587.00 to $591.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, StockNews.com lowered shares of Northrop Grumman from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $542.88.

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.