Northrop Grumman Co. (NYSE:NOC) Stock Position Lowered by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. lowered its position in shares of Northrop Grumman Co. (NYSE:NOC) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,617 shares of the aerospace company’s stock after selling 308 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Northrop Grumman were worth $10,887,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Smith Salley Wealth Management boosted its position in shares of Northrop Grumman by 2.9% during the 3rd quarter. Smith Salley Wealth Management now owns 23,916 shares of the aerospace company’s stock valued at $12,629,000 after purchasing an additional 669 shares in the last quarter. Modera Wealth Management LLC lifted its stake in Northrop Grumman by 3.0% during the third quarter. Modera Wealth Management LLC now owns 7,852 shares of the aerospace company’s stock valued at $4,146,000 after purchasing an additional 230 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Northrop Grumman by 4.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 28,825 shares of the aerospace company’s stock worth $15,222,000 after buying an additional 1,157 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in Northrop Grumman by 2.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,409 shares of the aerospace company’s stock worth $2,328,000 after buying an additional 90 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Northrop Grumman by 36.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,348 shares of the aerospace company’s stock valued at $4,398,000 after buying an additional 2,246 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NOC shares. Alembic Global Advisors lowered Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research note on Tuesday, August 27th. UBS Group increased their price target on Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research report on Friday. Barclays boosted their price objective on Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Citigroup upped their price objective on shares of Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their target price 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Northrop Grumman presently has an average rating of “Hold” and a consensus target price of $547.44.

Northrop Grumman Stock Down 0.8 %

Northrop Grumman stock opened at $519.35 on Friday. The company has a market capitalization of $75.95 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.38 and a beta of 0.34. Northrop Grumman Co. has a 1-year low of $418.60 and a 1-year high of $555.57. The firm’s fifty day simple moving average is $523.54 and its 200-day simple moving average is $481.22. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 25.44% and a net margin of 5.61%. The business’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. Sell-side analysts forecast that Northrop Grumman Co. will post 25.16 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a dividend of $2.06 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.59%. Northrop Grumman’s payout ratio is currently 53.79%.

Insider Buying and Selling at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction on 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 approximately $2,317,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 1,490 shares of company stock worth $747,372 over the last 90 days. Insiders own 0.22% of the company’s stock.

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.