Lionshead Wealth Management LLC Purchases New Shares in Northrop Grumman Co. (NYSE:NOC)

Lionshead Wealth Management LLC acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 760 shares of the aerospace company’s stock, valued at approximately $357,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sapient Capital LLC grew its position in shares of Northrop Grumman by 1.1% during the 4th quarter. Sapient Capital LLC now owns 2,049 shares of the aerospace company’s stock worth $962,000 after purchasing an additional 22 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of Northrop Grumman by 2.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company’s stock worth $472,000 after purchasing an additional 22 shares in the last quarter. Mather Group LLC. grew its position in shares of Northrop Grumman by 2.6% during the 4th quarter. Mather Group LLC. now owns 900 shares of the aerospace company’s stock worth $422,000 after purchasing an additional 23 shares in the last quarter. Jacobi Capital Management LLC grew its position in shares of Northrop Grumman by 1.2% during the 4th quarter. Jacobi Capital Management LLC now owns 1,987 shares of the aerospace company’s stock worth $933,000 after purchasing an additional 23 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC grew its position in shares of Northrop Grumman by 5.9% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 432 shares of the aerospace company’s stock worth $203,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.3%

Shares of NYSE NOC opened at $482.80 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The firm has a 50 day moving average price of $498.08 and a two-hundred day moving average price of $486.87. The stock has a market cap of $69.49 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 3.73 and a beta of 0.15.

Northrop Grumman (NYSE:NOC) last announced its quarterly 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 business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $10.07 billion. As a group, equities analysts forecast that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Monday, March 3rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 32.52%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NOC shares. Argus raised shares of Northrop Grumman to a “strong-buy” rating in a report on Wednesday, February 26th. Truist Financial cut their price target on shares of Northrop Grumman from $600.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group raised shares of Northrop Grumman from a “sell” rating to a “neutral” rating and upped their price target for the stock from $424.00 to $521.00 in a report on Friday, April 11th. Citigroup upped their price target on shares of Northrop Grumman from $587.00 to $591.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, UBS Group cut their price target on shares of Northrop Grumman from $583.00 to $571.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Nine investment 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $545.31.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 192 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $429.08, for a total value of $82,383.36. Following the completion of the sale, the vice president now directly owns 709 shares in the company, valued at approximately $304,217.72. This trade represents a 21.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,783,687.50. Following the completion of the sale, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,505 shares of company stock worth $2,127,632 over the last three months. 0.23% of the stock is owned by company insiders.

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.