219 Shares in Northrop Grumman Co. (NYSE:NOC) Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust acquired a new position in Northrop Grumman Co. (NYSE:NOC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 219 shares of the aerospace company’s stock, valued at approximately $103,000.

Other large investors also recently modified their holdings of the company. Lockheed Martin Investment Management Co. grew its holdings in shares of Northrop Grumman by 19.9% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 16,660 shares of the aerospace company’s stock worth $7,818,000 after acquiring an additional 2,770 shares during the period. Trinity Street Asset Management LLP grew its holdings in Northrop Grumman by 3.8% during the fourth quarter. Trinity Street Asset Management LLP now owns 48,367 shares of the aerospace company’s stock valued at $22,698,000 after purchasing an additional 1,786 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Northrop Grumman during the third quarter valued at about $604,000. Fisher Asset Management LLC grew its holdings in Northrop Grumman by 2.6% during the third quarter. Fisher Asset Management LLC now owns 212,514 shares of the aerospace company’s stock valued at $112,222,000 after purchasing an additional 5,334 shares during the period. Finally, AIA Group Ltd grew its holdings in Northrop Grumman by 20.0% during the third quarter. AIA Group Ltd now owns 7,458 shares of the aerospace company’s stock valued at $3,938,000 after purchasing an additional 1,242 shares during the period. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NOC shares. Wells Fargo & Company cut their price target on Northrop Grumman from $595.00 to $574.00 and set an “overweight” rating for the company in a report on Friday, January 31st. UBS Group cut their price target on Northrop Grumman from $579.00 to $558.00 and set a “buy” rating for the company in a report on Friday, January 31st. Citigroup boosted their price target on Northrop Grumman from $587.00 to $591.00 and gave the company a “buy” rating in a report on Monday, February 10th. StockNews.com lowered Northrop Grumman from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Truist Financial initiated coverage on Northrop Grumman in a research note on Tuesday, January 14th. They issued a “buy” rating and a $544.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $544.56.

Northrop Grumman Price Performance

NYSE:NOC opened at $433.63 on Thursday. 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 company has a market capitalization of $62.77 billion, a P/E ratio of 15.30, a P/E/G ratio of 3.73 and a beta of 0.35. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57. The business’s 50-day moving average is $472.52 and its 200 day moving average is $498.17.

Northrop Grumman (NYSE:NOC) last posted 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 return on equity of 26.24% and a net margin of 10.17%. On average, equities research analysts forecast that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be paid a $2.06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Monday, March 3rd. Northrop Grumman’s payout ratio is 29.08%.

Northrop Grumman announced that its board has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the aerospace company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.