Northrop Grumman Co. (NYSE:NOC) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its holdings in Northrop Grumman Co. (NYSE:NOC) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,568 shares of the aerospace company’s stock after selling 38 shares during the quarter. Boston Trust Walden Corp’s holdings in Northrop Grumman were worth $684,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at about $25,000. SRS Capital Advisors Inc. lifted 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. Optimum Investment Advisors boosted its stake in shares of Northrop Grumman by 241.2% during the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 41 shares in the last quarter. Bank & Trust Co acquired a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $28,000. Finally, Frazier Financial Advisors LLC purchased a new position in Northrop Grumman in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NOC. UBS Group upped their target price on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a report on Friday, July 26th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 price objective on the stock in a research note on Monday, April 22nd. Wells Fargo & Company lifted their target price on shares of Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Jefferies Financial Group lowered their price target on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a research report on Tuesday, June 18th. Finally, Morgan Stanley lifted their price objective on Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $521.33.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction that occurred 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 approximately $2,317,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman stock in a transaction on Friday, July 26th. The shares were sold at an average price of $477.56, for a total transaction of $663,330.84. Following the transaction, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value 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. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Trading Up 0.6 %

Shares of NOC stock opened at $506.66 on Monday. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $507.73. The firm’s 50-day simple moving average is $452.88 and its 200-day simple moving average is $458.64. The firm has a market cap of $74.98 billion, a P/E ratio of 35.43, a PEG ratio of 2.26 and a beta of 0.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (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 company had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same period in the previous year, the company earned $5.34 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts forecast that Northrop Grumman Co. will post 25.18 EPS for the current year.

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.