Koshinski Asset Management Inc. Has $435,000 Stock Position in Northrop Grumman Co. (NYSE:NOC)

Koshinski Asset Management Inc. reduced its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 927 shares of the aerospace company’s stock after selling 231 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Northrop Grumman were worth $435,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Northrop Grumman during the third quarter valued at about $31,000. FSA Wealth Management LLC bought a new position in shares of Northrop Grumman during the third quarter valued at about $36,000. Modus Advisors LLC bought a new position in shares of Northrop Grumman during the fourth quarter valued at about $38,000. Catalyst Capital Advisors LLC bought a new position in shares of Northrop Grumman during the third quarter valued at about $40,000. Finally, True Wealth Design LLC bought a new position in shares of Northrop Grumman during the third quarter valued at about $53,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

NOC opened at $502.03 on Thursday. The company has a market capitalization of $73.15 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 0.91 and a beta of 0.35. 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 firm has a 50-day moving average price of $478.98 and a 200-day moving average price of $495.31. Northrop Grumman Co. has a twelve month low of $418.60 and a twelve month high of $555.57.

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

Northrop Grumman declared that its board has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the aerospace company to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 2nd were paid a dividend of $2.06 per share. The ex-dividend date was Monday, December 2nd. This represents a $8.24 annualized dividend and a yield of 1.64%. Northrop Grumman’s dividend payout ratio is currently 51.05%.

Insider Activity at Northrop Grumman

In related news, VP Benjamin R. Davies sold 1,156 shares of the business’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 transaction of $616,067.08. Following the completion of the transaction, the vice president now owns 537 shares of the company’s stock, valued at approximately $286,183.41. The trade was 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 accessible through the SEC website. Over the last 90 days, insiders sold 1,255 shares of company stock valued at $663,859. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

NOC has been the topic of a number of recent analyst reports. StockNews.com raised shares of Northrop Grumman from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Citigroup raised shares of Northrop Grumman from a “neutral” rating to a “buy” rating and set a $587.00 price target on the stock in a research report on Tuesday. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Truist Financial assumed coverage on shares of Northrop Grumman in a research report on Tuesday, January 14th. They issued a “buy” rating and a $544.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $550.94.

About Northrop Grumman

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.