Northrop Grumman Co. (NYSE:NOC) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 358,338 shares of the aerospace company’s stock after acquiring an additional 32,373 shares during the quarter. Deutsche Bank AG’s holdings in Northrop Grumman were worth $168,164,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NOC. Whipplewood Advisors LLC acquired a new stake in Northrop Grumman in the 4th quarter worth approximately $31,000. Albion Financial Group UT acquired a new stake in shares of Northrop Grumman during the fourth quarter worth $33,000. Bellwether Advisors LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter valued at $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $42,000. Finally, Rakuten Securities Inc. raised its stake in Northrop Grumman by 291.7% in the 4th quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.3 %

Shares of NOC stock opened at $482.80 on Friday. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57. The company has a market cap of $69.49 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 3.73 and a beta of 0.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.01 and a quick ratio of 0.91. The stock has a 50 day simple moving average of $498.08 and a 200-day simple moving average of $487.33.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data 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). The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $10.07 billion. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. On average, equities research analysts expect that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were paid a dividend of $2.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $8.24 annualized dividend and a yield of 1.71%. Northrop Grumman’s dividend payout ratio (DPR) is currently 32.52%.

Insider Buying and Selling at Northrop Grumman

In other news, CEO Kathy J. Warden sold 3,750 shares of the company’s 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 owns 212,852 shares of the company’s stock, valued at $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 the firm’s stock in a transaction dated 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 represents a 21.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,505 shares of company stock valued at $2,127,632 over the last quarter. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial cut their price objective on Northrop Grumman from $600.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. UBS Group reduced their price target on shares of Northrop Grumman from $583.00 to $571.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Citigroup upped their price objective on shares of Northrop Grumman from $587.00 to $591.00 and gave the company a “buy” rating in a report on Monday, February 10th. Wells Fargo & Company set a $525.00 target price on shares of Northrop Grumman and gave the stock an “overweight” rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada lowered their price target on shares of Northrop Grumman from $575.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and an average price target of $545.31.

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.