Greenleaf Trust boosted its position in shares of Northrop Grumman Co. (NYSE:NOC) by 46.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,114 shares of the aerospace company’s stock after purchasing an additional 351 shares during the period. Greenleaf Trust’s holdings in Northrop Grumman were worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Navellier & Associates Inc boosted its stake in shares of Northrop Grumman by 1.8% in the 1st quarter. Navellier & Associates Inc now owns 8,663 shares of the aerospace company’s stock valued at $3,024,000 after purchasing an additional 155 shares in the last quarter. Winfield Associates Inc. boosted its stake in shares of Northrop Grumman by 14.6% in the 2nd quarter. Winfield Associates Inc. now owns 1,375 shares of the aerospace company’s stock valued at $423,000 after purchasing an additional 175 shares in the last quarter. Torch Wealth Management LLC boosted its stake in shares of Northrop Grumman by 3.7% in the 2nd quarter. Torch Wealth Management LLC now owns 4,862 shares of the aerospace company’s stock valued at $1,496,000 after purchasing an additional 175 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Northrop Grumman by 7.8% in the 2nd quarter. Trust Co. of Vermont now owns 2,447 shares of the aerospace company’s stock valued at $753,000 after purchasing an additional 177 shares in the last quarter. Finally, CMH Wealth Management LLC boosted its stake in shares of Northrop Grumman by 2.7% in the 2nd quarter. CMH Wealth Management LLC now owns 6,762 shares of the aerospace company’s stock valued at $2,089,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 82.16% of the company’s stock.

Shares of NYSE NOC opened at $294.39 on Friday. The company has a market capitalization of $50.73 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68. Northrop Grumman Co. has a 1 year low of $264.35 and a 1 year high of $360.88. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.24 and a quick ratio of 1.15.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 25th. The aerospace company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $0.09. The business had revenue of $7.12 billion during the quarter, compared to analyst estimates of $7.10 billion. Northrop Grumman had a net margin of 8.33% and a return on equity of 34.88%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $3.16 EPS. analysts forecast that Northrop Grumman Co. will post 16.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Monday, August 27th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, August 24th. This represents a $4.80 dividend on an annualized basis and a yield of 1.63%. Northrop Grumman’s dividend payout ratio (DPR) is presently 36.14%.

In other Northrop Grumman news, VP David T. Perry sold 4,425 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $300.27, for a total transaction of $1,328,694.75. Following the completion of the transaction, the vice president now owns 28,112 shares in the company, valued at approximately $8,441,190.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Wesley G. Bush sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $297.91, for a total transaction of $5,958,200.00. Following the transaction, the chairman now owns 18,701 shares of the company’s stock, valued at approximately $5,571,214.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,867 shares of company stock valued at $7,719,495. Company insiders own 0.62% of the company’s stock.

A number of equities research analysts have recently weighed in on NOC shares. Buckingham Research upgraded shares of Northrop Grumman from a “neutral” rating to a “buy” rating and raised their price target for the company from $246.00 to $371.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Sanford C. Bernstein reduced their price target on shares of Northrop Grumman from $369.00 to $352.00 and set a “market perform” rating on the stock in a research note on Thursday, April 26th. ValuEngine downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Tuesday, June 12th. UBS Group started coverage on shares of Northrop Grumman in a research note on Wednesday. They issued a “neutral” rating and a $315.00 price target on the stock. Finally, Credit Suisse Group raised their price target on shares of Northrop Grumman from $331.00 to $342.00 and gave the company a “neutral” rating in a research note on Thursday, April 26th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $362.16.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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