Greenhouse Wealth Management LLC Makes New $201,000 Investment in Northrop Grumman Co. (NYSE:NOC)

Greenhouse Wealth Management LLC acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC) in the 4th quarter, Holdings Channel.com reports. The firm acquired 428 shares of the aerospace company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ascent Group LLC grew its holdings in Northrop Grumman by 0.5% during the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock valued at $1,891,000 after purchasing an additional 20 shares during the period. Cornell Pochily Investment Advisors Inc. boosted its holdings in shares of Northrop Grumman by 0.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock valued at $1,131,000 after buying an additional 20 shares during the period. Asset Dedication LLC boosted its holdings in shares of Northrop Grumman by 1.0% in the third quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after buying an additional 20 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of Northrop Grumman by 1.4% in the third quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock valued at $780,000 after buying an additional 20 shares during the period. Finally, PBMares Wealth Management LLC boosted its holdings in shares of Northrop Grumman by 0.5% in the third quarter. PBMares Wealth Management LLC now owns 4,421 shares of the aerospace company’s stock valued at $2,335,000 after buying an additional 20 shares during the period. 83.40% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now directly owns 537 shares of the company’s stock, valued at approximately $286,183.41. This trade represents a 68.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,255 shares of company stock valued at $663,859 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of Northrop Grumman in a report on Tuesday. They issued a “buy” rating and a $544.00 price target for the company. Citigroup boosted their price objective on shares of Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Barclays cut their price objective on shares of Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. StockNews.com lowered shares of Northrop Grumman from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 11th. Finally, UBS Group boosted their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $550.94.

Northrop Grumman Price Performance

Shares of NOC opened at $480.29 on Friday. The firm has a market capitalization of $69.98 billion, a PE ratio of 29.76, a PEG ratio of 0.87 and a beta of 0.35. The company’s 50-day moving average is $482.29 and its 200-day moving average is $493.47. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, beating the consensus estimate of $6.07 by $0.93. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.18 earnings per share. Equities analysts forecast that Northrop Grumman Co. will post 25.93 EPS for the current year.

Northrop Grumman declared that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the aerospace company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd were given a $2.06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Monday, December 2nd. Northrop Grumman’s payout ratio is presently 51.05%.

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.