Calamos Wealth Management LLC Purchases 40 Shares of Northrop Grumman Co. (NYSE:NOC)

Calamos Wealth Management LLC lifted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,172 shares of the aerospace company’s stock after purchasing an additional 40 shares during the quarter. Calamos Wealth Management LLC’s holdings in Northrop Grumman were worth $550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trinity Street Asset Management LLP grew its position in Northrop Grumman by 3.8% in 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 acquiring an additional 1,786 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Northrop Grumman during the third quarter worth about $604,000. Fisher Asset Management LLC raised its holdings in Northrop Grumman by 2.6% during the 3rd quarter. Fisher Asset Management LLC now owns 212,514 shares of the aerospace company’s stock worth $112,222,000 after purchasing an additional 5,334 shares during the last quarter. AIA Group Ltd raised its position in shares of Northrop Grumman by 20.0% in the 3rd quarter. AIA Group Ltd now owns 7,458 shares of the aerospace company’s stock worth $3,938,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Parsons Capital Management Inc. RI lifted its stake in Northrop Grumman by 1,316.9% in the fourth quarter. Parsons Capital Management Inc. RI now owns 16,139 shares of the aerospace company’s stock valued at $7,574,000 after buying an additional 15,000 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Susquehanna reduced their target price on Northrop Grumman from $625.00 to $557.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Wolfe Research upgraded shares of Northrop Grumman from an “underperform” rating to a “peer perform” rating in a research note on Monday. Truist Financial began coverage on Northrop Grumman in a research note on Tuesday, January 14th. They issued a “buy” rating and a $544.00 price objective on the stock. UBS Group decreased their price target on Northrop Grumman from $579.00 to $558.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, TD Cowen raised Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $544.31.

Northrop Grumman Trading Down 1.0 %

Northrop Grumman stock opened at $482.79 on Wednesday. The stock has a 50-day moving average of $478.26 and a two-hundred day moving average of $499.10. The stock has a market cap of $69.89 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.91 and a beta of 0.35. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.01.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, January 30th. The aerospace company reported $6.39 earnings per share 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, research analysts anticipate that Northrop Grumman Co. will post 28.04 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 2nd were issued a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Monday, December 2nd. Northrop Grumman’s dividend payout ratio is presently 29.08%.

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

Insiders Place Their Bets

In related news, VP Benjamin R. Davies sold 1,156 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $532.93, for a total value of $616,067.08. Following the sale, the vice president now owns 537 shares of the company’s stock, valued at $286,183.41. This trade represents a 68.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 1,222 shares of company stock valued at $647,025 over the last 90 days. 0.22% of the stock is owned by company 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.