410 Shares in Northrop Grumman Co. (NYSE:NOC) Bought by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 410 shares of the aerospace company’s stock, valued at approximately $217,000.

A number of other large investors have also recently bought and sold shares of the company. Gulf International Bank UK Ltd boosted its position in shares of Northrop Grumman by 1,402.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock worth $6,186,000 after acquiring an additional 12,065 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Northrop Grumman during the 1st quarter worth $870,000. Norden Group LLC acquired a new stake in Northrop Grumman in the first quarter valued at about $778,000. Aviso Wealth Management grew its position in Northrop Grumman by 110.7% in the second quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after acquiring an additional 996 shares during the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new position in Northrop Grumman during the second quarter worth about $1,133,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NOC shares. TD Cowen upped their price objective on shares of Northrop Grumman from $440.00 to $515.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Alembic Global Advisors downgraded Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a report on Tuesday, August 27th. Royal Bank of Canada increased their target price on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. BTIG Research began coverage on Northrop Grumman in a research note on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price objective for the company. Finally, Sanford C. Bernstein lowered shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 target price on the stock. in a report on Friday, June 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $523.20.

Insiders Place Their Bets

In other news, 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 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was 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 in the company, valued at $2,317,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction that occurred 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 directly owns 6,755 shares in the company, valued at $3,225,917.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,846 shares of company stock worth $1,393,028. 0.22% of the stock is currently owned by company insiders.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $537.43 on Friday. The company has a market cap of $79.53 billion, a P/E ratio of 37.58, 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. The business has a 50-day moving average price of $512.31 and a two-hundred day moving average price of $474.26. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $555.57.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results 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. The firm had revenue of $10.22 billion for the quarter, compared to analyst estimates of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.34 earnings per share. As a group, analysts anticipate that Northrop Grumman Co. will post 25.14 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were paid a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.53%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is presently 57.62%.

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.