Tudor Financial Inc. Acquires 25 Shares of Northrop Grumman Co. (NYSE:NOC)

Tudor Financial Inc. raised its position in Northrop Grumman Co. (NYSE:NOC) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,165 shares of the aerospace company’s stock after purchasing an additional 25 shares during the period. Tudor Financial Inc.’s holdings in Northrop Grumman were worth $1,016,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NOC. RPg Family Wealth Advisory LLC acquired a new position in Northrop Grumman during the third quarter worth $31,000. FSA Wealth Management LLC acquired a new position in Northrop Grumman during the third quarter worth $36,000. Modus Advisors LLC acquired a new position in Northrop Grumman during the fourth quarter worth $38,000. Catalyst Capital Advisors LLC acquired a new position in Northrop Grumman during the third quarter worth $40,000. Finally, True Wealth Design LLC acquired a new position in Northrop Grumman during the third quarter worth $53,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NOC. Susquehanna lowered their target price on shares of Northrop Grumman from $625.00 to $557.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Barclays decreased their price objective on shares of Northrop Grumman from $550.00 to $500.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Truist Financial started coverage on shares of Northrop Grumman in a report on Tuesday, January 14th. They set a “buy” rating and a $544.00 price objective for the company. UBS Group raised their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price objective 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. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $550.94.

Northrop Grumman Stock Performance

NOC stock opened at $482.49 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00. The business’s fifty day simple moving average is $480.55 and its two-hundred day simple moving average is $494.51. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57. The firm has a market cap of $70.30 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 0.91 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.07 by $0.93. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.18 earnings per share. Analysts predict that Northrop Grumman Co. will post 25.95 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 2nd were given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, December 2nd. Northrop Grumman’s dividend payout ratio (DPR) is presently 51.05%.

Northrop Grumman declared that its board has approved a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the aerospace company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, VP Benjamin R. Davies sold 1,156 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now owns 537 shares of the company’s stock, valued at approximately $286,183.41. This represents a 68.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 1,255 shares of company stock worth $663,859 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

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.