Capital International Sarl Acquires 495 Shares of Northrop Grumman Co. (NYSE:NOC)

by · The Cerbat Gem

Capital International Sarl boosted its holdings in Northrop Grumman Co. (NYSE:NOC – Free Report) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,949 shares of the aerospace company’s stock after buying an additional 495 shares during the period. Capital International Sarl’s holdings in Northrop Grumman were worth $20,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in shares of Northrop Grumman in the fourth quarter valued at $31,000. Albion Financial Group UT bought a new stake in shares of Northrop Grumman during the fourth quarter valued at about $33,000. Modus Advisors LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter worth about $38,000. Stonebridge Financial Group LLC bought a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $42,000. Finally, Rakuten Securities Inc. grew its stake 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 acquiring an additional 70 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Insider Activity

In related news, CEO Kathy J. Warden sold 3,750 shares of Northrop Grumman 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 in the company, valued at $101,243,053.80. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Benjamin R. Davies sold 464 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $460.75, for a total transaction of $213,788.00. Following the completion of the transaction, the vice president now owns 245 shares of the company’s stock, valued at $112,883.75. This trade represents a 65.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,505 shares of company stock valued at $2,127,182. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

NOC has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded shares of Northrop Grumman from a “sell” rating to a “neutral” rating and increased their target price for the stock from $424.00 to $521.00 in a research note on Friday, April 11th. Morgan Stanley boosted their target price on Northrop Grumman from $580.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday. Susquehanna lowered their price target on Northrop Grumman from $625.00 to $557.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on Northrop Grumman from $545.00 to $547.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, StockNews.com downgraded shares of Northrop Grumman from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and an average price target of $548.88.

Get Our Latest Report on NOC

Northrop Grumman Stock Up 0.5 %

Shares of Northrop Grumman stock opened at $539.96 on Friday. The company’s 50 day moving average price is $487.10 and its 200-day moving average price is $492.17. 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 stock has a market capitalization of $77.83 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 3.73 and a beta of 0.20.

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 (EPS) 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%. Equities research analysts forecast that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $2.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.53%. Northrop Grumman’s dividend payout ratio is currently 29.08%.

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.

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