Diversified Trust Co Purchases 54 Shares of Northrop Grumman Co. (NYSE:NOC)

Diversified Trust Co increased its position in Northrop Grumman Co. (NYSE:NOC) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,016 shares of the aerospace company’s stock after acquiring an additional 54 shares during the quarter. Diversified Trust Co’s holdings in Northrop Grumman were worth $1,065,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NOC. Capital International Investors raised its holdings in Northrop Grumman by 5.6% in the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after acquiring an additional 621,636 shares during the period. Van ECK Associates Corp raised its holdings in Northrop Grumman by 1,915.9% in the 2nd quarter. Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock worth $191,173,000 after acquiring an additional 416,768 shares during the period. JPMorgan Chase & Co. raised its holdings in Northrop Grumman by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after acquiring an additional 211,459 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Northrop Grumman during the 2nd quarter worth about $90,177,000. Finally, Global Assets Advisory LLC bought a new position in shares of Northrop Grumman during the 1st quarter worth about $83,182,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.2 %

Shares of NYSE:NOC opened at $532.65 on Wednesday. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market capitalization of $78.83 billion, a PE ratio of 37.25, a PEG ratio of 2.44 and a beta of 0.34. The company has a 50 day moving average price of $514.57 and a two-hundred day moving average price of $475.32.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating the consensus estimate of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The firm had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. During the same quarter in the prior year, the firm earned $5.34 earnings per share. The business’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts forecast that Northrop Grumman Co. will post 25.14 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were paid a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 1.55%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s payout ratio is presently 57.62%.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the sale, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,879 shares of company stock valued at $1,410,703. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

NOC has been the topic of several research reports. TD Cowen boosted their price objective on shares of Northrop Grumman from $440.00 to $515.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Morgan Stanley boosted their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a report on Tuesday, August 27th. BTIG Research initiated coverage on shares of Northrop Grumman in a report on Wednesday, June 26th. They set a “buy” rating and a $565.00 price objective on the stock. Finally, StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $523.20.

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.