Silver Oak Securities Incorporated Buys Shares of 452 Northrop Grumman Corporation (NYSE:NOC)

Silver Oak Securities Incorporated purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 452 shares of the aerospace company’s stock, valued at approximately $232,000.

Several other hedge funds have also recently bought and sold shares of NOC. Vanguard Group Inc. raised its position in Northrop Grumman by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,677,781 shares of the aerospace company’s stock valued at $5,949,556,000 after buying an additional 56,807 shares during the last quarter. Capital International Investors lifted its holdings in Northrop Grumman by 5.9% during the 4th quarter. Capital International Investors now owns 8,239,434 shares of the aerospace company’s stock valued at $3,866,133,000 after purchasing an additional 461,307 shares during the last quarter. Wellington Management Group LLP boosted its position in Northrop Grumman by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 4,164,700 shares of the aerospace company’s stock worth $1,954,452,000 after purchasing an additional 23,808 shares during the period. Geode Capital Management LLC boosted its position in Northrop Grumman by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 3,025,263 shares of the aerospace company’s stock worth $1,417,850,000 after purchasing an additional 21,903 shares during the period. Finally, FMR LLC boosted its holdings in shares of Northrop Grumman by 4.1% during the 4th quarter. FMR LLC now owns 2,807,223 shares of the aerospace company’s stock worth $1,317,402,000 after buying an additional 109,308 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NOC has been the topic of a number of recent research reports. Wall Street Zen lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. UBS Group cut their price target on Northrop Grumman from $583.00 to $571.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Truist Financial reduced their target price on Northrop Grumman from $600.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 price target on Northrop Grumman and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Finally, Morgan Stanley boosted their price objective on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and a consensus target price of $548.33.

Insiders Place Their Bets

In other Northrop Grumman news, VP Roshan S. Roeder sold 991 shares of the firm’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total value of $485,590.00. Following the completion of the sale, the vice president now directly owns 319 shares in the company, valued at approximately $156,310. This trade represents a 75.65% 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, VP Robert J. Fleming sold 3,500 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $1,770,195.00. Following the completion of the sale, the vice president now directly owns 1,827 shares of the company’s stock, valued at $924,041.79. The trade was a 65.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,569 shares of company stock worth $8,322,279. 0.23% of the stock is owned by corporate insiders.

Northrop Grumman Stock Up 0.7%

Shares of NYSE NOC opened at $497.92 on Friday. The firm has a market cap of $71.66 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 5.40 and a beta of 0.14. The company has a 50 day simple moving average of $489.35 and a 200 day simple moving average of $482.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.84. Northrop Grumman Corporation has a 1 year low of $422.69 and a 1 year high of $555.57.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.27). The company had revenue of $9.47 billion during the quarter, compared to analyst estimates of $10.07 billion. Northrop Grumman had a return on equity of 25.46% and a net margin of 9.19%. On average, research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a $2.31 dividend. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.86%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.06. The ex-dividend date was Monday, June 2nd. Northrop Grumman’s payout ratio is currently 36.46%.

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.