Moloney Securities Asset Management LLC Lowers Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Moloney Securities Asset Management LLC lessened its position in Northrop Grumman Co. (NYSE:NOC) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,163 shares of the aerospace company’s stock after selling 104 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Northrop Grumman were worth $1,015,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its holdings in Northrop Grumman by 2.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,619 shares of the aerospace company’s stock worth $1,229,000 after buying an additional 53 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Northrop Grumman by 2.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 8,520 shares of the aerospace company’s stock worth $3,998,000 after acquiring an additional 183 shares during the period. Unison Asset Management LLC raised its stake in shares of Northrop Grumman by 2.6% in the fourth quarter. Unison Asset Management LLC now owns 8,375 shares of the aerospace company’s stock valued at $3,930,000 after acquiring an additional 212 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of Northrop Grumman by 8.7% in the fourth quarter. Cidel Asset Management Inc. now owns 1,020 shares of the aerospace company’s stock valued at $479,000 after acquiring an additional 82 shares in the last quarter. Finally, Joel Isaacson & Co. LLC boosted its holdings in Northrop Grumman by 21.9% in the fourth quarter. Joel Isaacson & Co. LLC now owns 1,754 shares of the aerospace company’s stock valued at $823,000 after purchasing an additional 315 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wolfe Research raised Northrop Grumman from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 3rd. Susquehanna reduced their target price on shares of Northrop Grumman from $625.00 to $557.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Truist Financial started coverage on shares of Northrop Grumman in a report on Tuesday, January 14th. They issued a “buy” rating and a $544.00 price objective on the stock. Finally, Royal Bank of Canada boosted their target price on shares of Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $544.31.

Northrop Grumman Trading Up 0.5 %

NOC opened at $468.75 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The business’s 50 day moving average is $476.91 and its two-hundred day moving average is $499.60. The firm has a market cap of $67.85 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, January 30th. The aerospace company reported $6.39 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%. On average, research analysts predict that Northrop Grumman Co. will post 27.94 EPS for the current year.

Northrop Grumman announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the aerospace company to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 2nd were issued a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Monday, December 2nd. Northrop Grumman’s dividend payout ratio is currently 29.08%.

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.