Northrop Grumman Co. (NYSE:NOC) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,550 shares of the aerospace company’s stock after purchasing an additional 82 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Northrop Grumman were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NOC. Whittier Trust Co. boosted its holdings in Northrop Grumman by 1.0% during the third quarter. Whittier Trust Co. now owns 7,471 shares of the aerospace company’s stock worth $3,945,000 after buying an additional 77 shares in the last quarter. Sharkey Howes & Javer purchased a new stake in shares of Northrop Grumman during the 3rd quarter worth about $317,000. Brown Lisle Cummings Inc. grew its position in shares of Northrop Grumman by 88.6% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 3,215 shares of the aerospace company’s stock valued at $1,698,000 after acquiring an additional 1,510 shares during the period. Cyndeo Wealth Partners LLC increased its stake in shares of Northrop Grumman by 10.5% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 928 shares of the aerospace company’s stock valued at $490,000 after purchasing an additional 88 shares in the last quarter. Finally, Pure Portfolios Holdings LLC purchased a new position in shares of Northrop Grumman in the 3rd quarter valued at about $490,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Northrop Grumman Price Performance

Northrop Grumman stock opened at $520.32 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average price of $522.66 and a 200 day moving average price of $480.04. Northrop Grumman Co. has a 12-month low of $418.60 and a 12-month high of $555.57. The stock has a market cap of $77.00 billion, a P/E ratio of 36.39, a PEG ratio of 2.44 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last announced its quarterly 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 return on equity of 25.44% and a net margin of 5.61%. The business had revenue of $10.22 billion for the quarter, compared to analyst estimates of $10.02 billion. During the same quarter in the prior year, the company posted $5.34 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Sell-side analysts anticipate that Northrop Grumman Co. will post 25.16 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 given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s payout ratio is 57.62%.

Analyst Ratings Changes

NOC has been the topic of several research analyst reports. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Morgan Stanley upped their price objective on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Royal Bank of Canada lifted their target price on shares of Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Barclays upped their price target on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company lifted their price objective on Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Hold” and an average target price of $535.00.

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.