Nisa Investment Advisors LLC Has $28.60 Million Holdings in Northrop Grumman Corporation (NYSE:NOC)

Nisa Investment Advisors LLC cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.7% during the first quarter, HoldingsChannel.com reports. The firm owned 55,862 shares of the aerospace company’s stock after selling 2,166 shares during the period. Nisa Investment Advisors LLC’s holdings in Northrop Grumman were worth $28,602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brookstone Capital Management grew its position in Northrop Grumman by 121.0% in the first quarter. Brookstone Capital Management now owns 6,640 shares of the aerospace company’s stock worth $3,400,000 after acquiring an additional 3,635 shares in the last quarter. GAM Holding AG increased its stake in shares of Northrop Grumman by 51.9% during the 1st quarter. GAM Holding AG now owns 2,338 shares of the aerospace company’s stock worth $1,197,000 after purchasing an additional 799 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Northrop Grumman by 12.8% during the 4th quarter. Schroder Investment Management Group now owns 8,857 shares of the aerospace company’s stock worth $4,132,000 after purchasing an additional 1,008 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Northrop Grumman by 0.7% during the 4th 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 last quarter. Finally, RFG Bristol Wealth Advisors LLC acquired a new position in shares of Northrop Grumman during the 4th quarter worth $284,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Northrop Grumman

In other news, VP Roshan S. Roeder sold 991 shares of the firm’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $490.00, for a total transaction of $485,590.00. Following the completion of the transaction, the vice president directly owned 319 shares of the company’s stock, valued at approximately $156,310. This trade represents a 75.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kathy J. Warden sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $3,793,275.00. Following the transaction, the chief executive officer directly owned 201,602 shares of the company’s stock, valued at $101,964,243.54. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,569 shares of company stock valued at $8,323,150 over the last quarter. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. UBS Group dropped their price target on shares of Northrop Grumman from $583.00 to $571.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group upgraded shares of Northrop Grumman from a “sell” rating to a “neutral” rating and increased their price target for the stock from $424.00 to $521.00 in a research note on Friday, April 11th. Wall Street Zen lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Truist Financial lowered their target price on shares of Northrop Grumman from $600.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $542.00 target price (down from $580.00) on shares of Northrop Grumman in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $550.00.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $507.71 on Thursday. 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 fifty-two week low of $422.69 and a fifty-two week high of $555.57. The firm has a fifty day moving average price of $488.32 and a two-hundred day moving average price of $484.93. The company has a market cap of $73.07 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 5.52 and a beta of 0.15.

Northrop Grumman (NYSE:NOC) last released 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 business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $10.07 billion. Northrop Grumman had a return on equity of 25.46% and a net margin of 9.19%. Analysts expect 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 issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.82%. 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 dividend payout ratio (DPR) is presently 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.