Northrop Grumman Co. (NYSE:NOC) Shares Bought by Capital International Inc. CA

Capital International Inc. CA lifted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,427 shares of the aerospace company’s stock after acquiring an additional 15,516 shares during the quarter. Capital International Inc. CA owned about 0.07% of Northrop Grumman worth $44,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Northrop Grumman by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 798,626 shares of the aerospace company’s stock valued at $374,777,000 after buying an additional 68,321 shares in the last quarter. First Trust Advisors LP boosted its holdings in Northrop Grumman by 337.1% in the 4th quarter. First Trust Advisors LP now owns 482,112 shares of the aerospace company’s stock worth $226,250,000 after acquiring an additional 371,814 shares during the period. Commerce Bank raised its stake in shares of Northrop Grumman by 4.8% during the fourth quarter. Commerce Bank now owns 92,935 shares of the aerospace company’s stock valued at $43,613,000 after purchasing an additional 4,239 shares during the period. Capital Group Investment Management PTE. LTD. lifted its position in shares of Northrop Grumman by 1.5% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 4,941 shares of the aerospace company’s stock worth $2,319,000 after purchasing an additional 72 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Northrop Grumman by 5.9% in the fourth 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 period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Northrop Grumman

In related news, CEO Kathy J. Warden sold 3,750 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $475.65, for a total transaction of $1,783,687.50. Following the sale, the chief executive officer now owns 212,852 shares of the company’s stock, valued at approximately $101,243,053.80. This trade represents a 1.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Benjamin R. Davies sold 464 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $460.75, for a total value of $213,788.00. Following the completion of the transaction, the vice president now directly owns 245 shares of the company’s stock, valued at approximately $112,883.75. The trade was 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 worth $2,127,182 in the last ninety days. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Up 0.5 %

Shares of NYSE NOC opened at $539.96 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $77.83 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 3.73 and a beta of 0.20. The firm’s 50-day moving average is $488.43 and its 200-day moving average is $492.14. Northrop Grumman Co. has a 1 year low of $418.60 and a 1 year high of $555.57.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, January 30th. The aerospace company reported $6.39 EPS for the quarter, topping 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%. Equities analysts expect that Northrop Grumman Co. will post 28.05 EPS for the current 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 paid a $2.06 dividend. 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 dividend payout ratio (DPR) is presently 29.08%.

Analysts Set New Price Targets

Several research firms have issued reports on NOC. Truist Financial lifted their price objective on Northrop Grumman from $545.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday. Barclays reduced their price objective on shares of Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Wolfe Research raised shares of Northrop Grumman from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 3rd. The Goldman Sachs Group upgraded shares of 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 note on Friday, April 11th. Finally, Argus upgraded Northrop Grumman to a “strong-buy” rating in a research note on Wednesday, February 26th. Nine equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.