397 Shares in Northrop Grumman Co. (NYSE:NOC) Bought by Charles Schwab Trust Co

Charles Schwab Trust Co purchased a new stake in Northrop Grumman Co. (NYSE:NOC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 397 shares of the aerospace company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gulf International Bank UK Ltd increased its position in Northrop Grumman by 1,402.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock valued at $6,186,000 after buying an additional 12,065 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in Northrop Grumman in the 1st quarter valued at $870,000. Norden Group LLC bought a new stake in Northrop Grumman during the 1st quarter valued at $778,000. Aviso Wealth Management raised its holdings in Northrop Grumman by 110.7% during the second quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock worth $827,000 after buying 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 $1,133,000. 83.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the sale, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $695,000.00. Following the completion of the sale, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,879 shares of company stock valued at $1,410,703 over the last 90 days. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

NOC has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $474.00 to $575.00 in a report on Monday, July 29th. Sanford C. Bernstein lowered shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target on the stock. in a research report on Friday, June 21st. Jefferies Financial Group reduced their price objective on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a research report on Tuesday, June 18th. Alembic Global Advisors lowered Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price target on the stock. in a report on Tuesday, August 27th. Finally, BTIG Research started coverage on Northrop Grumman in a research report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Hold” and a consensus target price of $527.19.

Northrop Grumman Price Performance

Shares of NOC stock traded up $0.09 on Friday, reaching $527.18. The company’s stock had a trading volume of 87,594 shares, compared to its average volume of 877,444. The company has a market capitalization of $77.09 billion, a P/E ratio of 34.41, a PEG ratio of 2.44 and a beta of 0.34. Northrop Grumman Co. has a 12-month low of $418.60 and a 12-month high of $555.57. The stock’s 50 day simple moving average is $517.12 and its 200-day simple moving average is $476.52. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The business had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same period last year, the firm posted $5.34 earnings per share. Northrop Grumman’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts predict that Northrop Grumman Co. will post 25.16 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders 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 1.56%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is currently 53.79%.

About Northrop Grumman

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.