Massmutual Trust Co. FSB ADV Purchases 110 Shares of Northrop Grumman Co. (NYSE:NOC)

Massmutual Trust Co. FSB ADV boosted its position in shares of Northrop Grumman Co. (NYSE:NOC) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,637 shares of the aerospace company’s stock after purchasing an additional 110 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Northrop Grumman were worth $14,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waller Financial Planning Group Inc. grew its position in shares of Northrop Grumman by 3.6% during the 3rd quarter. Waller Financial Planning Group Inc. now owns 690 shares of the aerospace company’s stock worth $364,000 after buying an additional 24 shares during the period. Neville Rodie & Shaw Inc. bought a new stake in shares of Northrop Grumman in the 3rd quarter valued at about $217,000. Centaurus Financial Inc. increased its stake in shares of Northrop Grumman by 348.4% in the 2nd quarter. Centaurus Financial Inc. now owns 1,825 shares of the aerospace company’s stock valued at $796,000 after acquiring an additional 1,418 shares during the last quarter. Heritage Wealth Management Inc. bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at about $409,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at about $18,322,000. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Trading Down 0.9 %

NYSE NOC opened at $538.85 on Thursday. The company has a market cap of $79.74 billion, a PE ratio of 37.68, a PEG ratio of 2.44 and a beta of 0.34. 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 Co. has a 12 month low of $414.56 and a 12 month high of $555.57. The stock has a 50 day moving average of $510.97 and a 200-day moving average of $473.82.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data 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 company 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 posted $5.34 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Northrop Grumman Co. will post 25.14 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently disclosed 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. This represents a $8.24 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s payout ratio is 57.62%.

Insiders Place Their Bets

In related news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at $2,317,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Thomas H. Jones sold 1,389 shares of the firm’s 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 transaction, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The disclosure for this sale can be found here. Insiders have sold 2,846 shares of company stock worth $1,393,028 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Morgan Stanley upped their price target on Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. BTIG Research assumed coverage on Northrop Grumman in a research note on Wednesday, June 26th. They set a “buy” rating and a $565.00 target price for the company. Barclays increased their target price on Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and increased their target price for the stock from $474.00 to $575.00 in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $523.20.

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.