Northrop Grumman Co. (NYSE:NOC) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,714 shares of the aerospace company’s stock after acquiring an additional 1,472 shares during the quarter. Hantz Financial Services Inc.’s holdings in Northrop Grumman were worth $5,497,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NOC. RPg Family Wealth Advisory LLC bought a new stake in shares of Northrop Grumman during the third quarter valued at approximately $31,000. Albion Financial Group UT bought a new stake in shares of Northrop Grumman during the fourth quarter valued at approximately $33,000. FSA Wealth Management LLC bought a new stake in shares of Northrop Grumman during the third quarter valued at approximately $36,000. Modus Advisors LLC bought a new stake in shares of Northrop Grumman during the fourth quarter valued at approximately $38,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Northrop Grumman during the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NOC shares. Truist Financial started coverage on Northrop Grumman in a report on Tuesday, January 14th. They set a “buy” rating and a $544.00 price target on the stock. Susquehanna dropped their target price on Northrop Grumman from $625.00 to $557.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Citigroup raised Northrop Grumman from a “neutral” rating to a “buy” rating and set a $587.00 target price on the stock in a report on Tuesday, January 21st. Barclays dropped their target price on Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com raised Northrop Grumman from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 19th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $550.94.

Insiders Place Their Bets

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now directly owns 537 shares in the company, valued at approximately $286,183.41. The trade was a 68.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 1,255 shares of company stock worth $663,859. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Down 1.0 %

NYSE NOC opened at $481.56 on Thursday. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a market cap of $70.16 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 0.95 and a beta of 0.35. The firm’s 50 day moving average price is $478.87 and its two-hundred day moving average price is $497.74.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd were given a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Monday, December 2nd. Northrop Grumman’s payout ratio is 51.05%.

Northrop Grumman announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the aerospace company to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

About Northrop Grumman

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.