Victrix Investment Advisors Invests $1.06 Million in Northrop Grumman Co. (NYSE:NOC)

Victrix Investment Advisors acquired a new stake in Northrop Grumman Co. (NYSE:NOC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,265 shares of the aerospace company’s stock, valued at approximately $1,063,000.

Other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in Northrop Grumman during the fourth quarter worth about $31,000. Albion Financial Group UT acquired a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $33,000. Bellwether Advisors LLC purchased a new stake in Northrop Grumman during the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC acquired a new stake in Northrop Grumman during the 4th quarter worth approximately $42,000. Finally, Rakuten Securities Inc. lifted its holdings in Northrop Grumman by 291.7% during the 4th quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company’s stock worth $44,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NOC shares. Argus upgraded shares of Northrop Grumman to a “strong-buy” rating in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their target price on Northrop Grumman from $575.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. UBS Group cut their price target on Northrop Grumman from $583.00 to $571.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Truist Financial decreased their price objective on Northrop Grumman from $600.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, Morgan Stanley boosted their price objective on Northrop Grumman from $580.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $545.31.

Insiders Place Their Bets

In other Northrop Grumman news, VP Benjamin R. Davies sold 464 shares of Northrop Grumman stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $460.75, for a total transaction of $213,788.00. Following the transaction, the vice president now owns 245 shares of the company’s stock, valued at $112,883.75. The trade was a 65.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $475.65, for a total value of $1,783,687.50. Following the completion of the sale, the chief executive officer now directly owns 212,852 shares of the company’s stock, valued at $101,243,053.80. The trade was a 1.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,505 shares of company stock valued at $2,127,632. 0.23% of the stock is currently owned by insiders.

Northrop Grumman Stock Performance

Shares of NOC opened at $472.67 on Monday. The company has a market capitalization of $68.03 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 3.73 and a beta of 0.15. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average price of $496.53 and a 200 day moving average price of $485.48.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share for the quarter, missing the consensus estimate of $6.33 by ($0.27). The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $10.07 billion. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. Research analysts predict that Northrop Grumman Co. will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 annualized dividend and a yield of 1.74%. Northrop Grumman’s dividend payout ratio is presently 32.52%.

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.