Landing Point Financial Group LLC Purchases Shares of 1,675 Northrop Grumman Co. (NYSE:NOC)

Landing Point Financial Group LLC purchased a new position in shares of Northrop Grumman Co. (NYSE:NOC) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,675 shares of the aerospace company’s stock, valued at approximately $789,000. Northrop Grumman comprises about 0.6% of Landing Point Financial Group LLC’s portfolio, making the stock its 23rd largest position.

Other hedge funds have also recently modified their holdings of the company. Sapient Capital LLC grew its position in shares of Northrop Grumman by 1.1% in the 4th quarter. Sapient Capital LLC now owns 2,049 shares of the aerospace company’s stock valued at $962,000 after buying an additional 22 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Northrop Grumman by 2.2% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company’s stock valued at $472,000 after acquiring an additional 22 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Northrop Grumman by 2.6% during the fourth quarter. Mather Group LLC. now owns 900 shares of the aerospace company’s stock worth $422,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC grew its holdings in shares of Northrop Grumman by 1.2% during the fourth quarter. Jacobi Capital Management LLC now owns 1,987 shares of the aerospace company’s stock worth $933,000 after purchasing an additional 23 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC increased its position in shares of Northrop Grumman by 5.9% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 432 shares of the aerospace company’s stock worth $203,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.5 %

NYSE:NOC opened at $539.96 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 debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. The stock has a fifty day moving average price of $488.43 and a two-hundred day moving average price of $491.81. The stock has a market capitalization of $77.83 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 3.73 and a beta of 0.20.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.27 by $0.12. Northrop Grumman had a net margin of 10.17% and a return on equity of 26.24%. As a group, sell-side analysts anticipate that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a dividend of $2.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.53%. Northrop Grumman’s payout ratio is 29.08%.

Insider Transactions at Northrop Grumman

In related news, CEO Kathy J. Warden sold 3,750 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $475.65, for a total value of $1,783,687.50. Following the sale, the chief executive officer now directly owns 212,852 shares in the company, valued at $101,243,053.80. The trade was a 1.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Benjamin R. Davies sold 464 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $460.75, for a total transaction of $213,788.00. Following the transaction, the vice president now owns 245 shares of the company’s stock, valued at $112,883.75. This trade represents a 65.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,505 shares of company stock valued at $2,127,182 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NOC. The Goldman Sachs Group raised Northrop Grumman from a “sell” rating to a “neutral” rating and upped their target price for the company from $424.00 to $521.00 in a research report on Friday, April 11th. Susquehanna lowered their target price on shares of Northrop Grumman from $625.00 to $557.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of Northrop Grumman from $545.00 to $547.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Royal Bank of Canada upgraded shares of Northrop Grumman from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $500.00 to $575.00 in a research note on Thursday, March 27th. Finally, StockNews.com lowered shares of Northrop Grumman from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $548.88.

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.