Northrop Grumman Co. (NYSE:NOC) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH cut its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 8.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 995 shares of the aerospace company’s stock after selling 88 shares during the period. Trust Co. of Toledo NA OH’s holdings in Northrop Grumman were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NOC. Headlands Technologies LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. grew its position in shares of Northrop Grumman by 960.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 48 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at about $29,000. McIlrath & Eck LLC grew its position in shares of Northrop Grumman by 247.6% during the 4th quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 52 shares during the period. Finally, Providence Capital Advisors LLC grew its position in shares of Northrop Grumman by 400.0% during the 3rd quarter. Providence Capital Advisors LLC now owns 100 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 80 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NOC shares. Wells Fargo & Company lifted their price objective on Northrop Grumman from $483.00 to $518.00 in a report on Tuesday. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Robert W. Baird lifted their price objective on Northrop Grumman from $475.00 to $505.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective on the stock in a report on Monday, April 22nd. Finally, Susquehanna lifted their price objective on Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $513.23.

Northrop Grumman Stock Down 0.9 %

NOC stock opened at $425.83 on Thursday. The firm has a market cap of $63.02 billion, a PE ratio of 29.78, a PEG ratio of 1.99 and a beta of 0.35. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.13. The firm’s 50 day moving average price is $459.14 and its 200-day moving average price is $461.53. Northrop Grumman Co. has a one year low of $414.56 and a one year high of $496.89.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, April 25th. The aerospace company reported $6.32 EPS for the quarter, beating the consensus estimate of $5.83 by $0.49. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $9.77 billion. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.50 EPS. On average, equities research analysts anticipate that Northrop Grumman Co. will post 24.7 EPS for the current year.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Tuesday, May 28th were given a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, May 24th. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.87. Northrop Grumman’s payout ratio is presently 57.62%.

Northrop Grumman Company 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.