Belpointe Asset Management LLC Has $2.97 Million Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Belpointe Asset Management LLC boosted its position in Northrop Grumman Co. (NYSE:NOC) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,318 shares of the aerospace company’s stock after acquiring an additional 618 shares during the quarter. Belpointe Asset Management LLC’s holdings in Northrop Grumman were worth $2,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in shares of Northrop Grumman during the fourth quarter worth $31,000. Albion Financial Group UT bought a new stake in Northrop Grumman during the 4th quarter worth $33,000. Modus Advisors LLC acquired a new position in Northrop Grumman in the 4th quarter worth about $38,000. Stonebridge Financial Group LLC bought a new position in Northrop Grumman in the fourth quarter valued at about $42,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Northrop Grumman by 291.7% during the fourth quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 70 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $534.14 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01. The company has a market capitalization of $76.99 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 3.73 and a beta of 0.20. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The company’s 50-day moving average is $481.83 and its 200 day moving average is $491.44.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, January 30th. The aerospace company reported $6.39 earnings per share for the quarter, topping the consensus estimate 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 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 given a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 3rd. Northrop Grumman’s dividend payout ratio is presently 29.08%.

Insider Buying and Selling

In other news, CEO Kathy J. Warden sold 3,750 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were 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 in the company, valued at approximately $101,243,053.80. This trade represents a 1.73 % decrease in their position. The transaction 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 stock in a transaction on 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 in the company, valued at approximately $112,883.75. This represents a 65.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,505 shares of company stock valued at $2,127,182. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NOC. 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 for the company. The Goldman Sachs Group raised shares of Northrop Grumman from a “sell” rating to a “neutral” rating and upped their price target for the company from $424.00 to $521.00 in a research report on Friday. Wells Fargo & Company lifted their price objective on Northrop Grumman from $545.00 to $547.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. UBS Group lowered their target price on Northrop Grumman from $579.00 to $558.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, StockNews.com cut Northrop Grumman from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $543.65.

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.