Northrop Grumman Co. (NYSE:NOC) Holdings Raised by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Northrop Grumman Co. (NYSE:NOC) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 65,194 shares of the aerospace company’s stock after acquiring an additional 1,836 shares during the quarter. Sei Investments Co.’s holdings in Northrop Grumman were worth $30,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NOC. RPg Family Wealth Advisory LLC acquired a new stake in shares of Northrop Grumman during the third quarter worth $31,000. Whipplewood Advisors LLC acquired a new stake in Northrop Grumman during the fourth quarter worth about $31,000. Albion Financial Group UT bought a new position in Northrop Grumman in the fourth quarter worth about $33,000. FSA Wealth Management LLC acquired a new position in Northrop Grumman in the third quarter valued at approximately $36,000. Finally, Modus Advisors LLC acquired a new position in Northrop Grumman in the fourth quarter valued at approximately $38,000. 83.40% of the stock is currently owned by institutional investors.

Insider Activity

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the company’s stock in a transaction dated 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 represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Benjamin R. Davies sold 192 shares of Northrop Grumman stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $429.08, for a total transaction of $82,383.36. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 4,505 shares of company stock worth $2,126,405. Insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Up 2.4 %

Shares of Northrop Grumman stock opened at $506.88 on Wednesday. The business has a fifty day simple moving average of $476.25 and a 200-day simple moving average of $492.88. The firm has a market cap of $73.37 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 3.73 and a beta of 0.31. 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 quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, January 30th. The aerospace company reported $6.39 earnings per share for the quarter, beating the consensus estimate 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 forecast that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman declared that its board has approved a share repurchase program on Wednesday, December 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the aerospace company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a $2.06 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $8.24 annualized dividend and a dividend yield of 1.63%. Northrop Grumman’s dividend payout ratio is currently 29.08%.

Analyst Ratings Changes

NOC has been the topic of several recent research reports. Susquehanna cut 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. UBS Group cut their target price on Northrop Grumman from $579.00 to $558.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. StockNews.com lowered shares of Northrop Grumman from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. 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. Finally, Truist Financial began coverage on shares of Northrop Grumman in a research report on Tuesday, January 14th. They issued a “buy” rating and a $544.00 target price for the company. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $542.88.

Northrop Grumman 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.