Vanguard Personalized Indexing Management LLC Has $12.14 Million Stock Position in Northrop Grumman Corporation $NOC

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,913 shares of the aerospace company’s stock after purchasing an additional 1,046 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Northrop Grumman were worth $12,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NOC. Coign Capital Advisors LLC boosted its stake in Northrop Grumman by 1.3% during the 2nd quarter. Coign Capital Advisors LLC now owns 1,294 shares of the aerospace company’s stock valued at $647,000 after purchasing an additional 17 shares during the period. Howard Financial Services LTD. lifted its holdings in shares of Northrop Grumman by 1.5% during the third quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock worth $687,000 after buying an additional 17 shares during the last quarter. West Wealth Group LLC boosted its position in shares of Northrop Grumman by 4.3% in the third quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock valued at $251,000 after acquiring an additional 17 shares during the period. King Luther Capital Management Corp boosted its position in shares of Northrop Grumman by 1.5% in the second quarter. King Luther Capital Management Corp now owns 1,243 shares of the aerospace company’s stock valued at $621,000 after acquiring an additional 18 shares during the period. Finally, Dakota Community Bank & Trust NA grew its stake in shares of Northrop Grumman by 6.9% in the third quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock worth $169,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC stock opened at $659.61 on Tuesday. The stock’s fifty day moving average is $589.86 and its 200-day moving average is $584.59. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $677.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.11. The stock has a market capitalization of $94.14 billion, a PE ratio of 23.73, a PEG ratio of 5.46 and a beta of 0.05.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st were given a dividend of $2.31 per share. The ex-dividend date was Monday, December 1st. This represents a $9.24 annualized dividend and a dividend yield of 1.4%. Northrop Grumman’s payout ratio is presently 33.24%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BNP Paribas Exane began coverage on shares of Northrop Grumman in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $710.00 price target on the stock. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $662.00 target price on the stock in a research report on Monday, December 15th. BTIG Research boosted their price target on Northrop Grumman from $630.00 to $680.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $727.00 price objective on shares of Northrop Grumman in a research report on Monday, January 12th. Finally, UBS Group lifted their price objective on Northrop Grumman from $770.00 to $777.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $656.82.

Insiders Place Their Bets

In other news, Director Mark A. Welsh III sold 97 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the transaction, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kathy J. Warden sold 7,000 shares of Northrop Grumman stock in a transaction on Monday, January 5th. The stock was sold at an average price of $600.00, for a total value of $4,200,000.00. Following the sale, the chief executive officer directly owned 194,602 shares of the company’s stock, valued at approximately $116,761,200. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 10,097 shares of company stock worth $6,099,716. 0.23% of the stock is currently owned by company insiders.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.