Northrop Grumman Co. (NYSE:NOC) Stock Position Lifted by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. lifted its holdings in Northrop Grumman Co. (NYSE:NOC) by 51.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 457 shares of the aerospace company’s stock after purchasing an additional 155 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Northrop Grumman were worth $241,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NOC. Capital International Investors lifted its holdings in shares of Northrop Grumman by 5.6% during the first quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after purchasing an additional 621,636 shares during the last quarter. JPMorgan Chase & Co. raised its position in Northrop Grumman by 4.8% during the first quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock valued at $2,218,132,000 after buying an additional 211,459 shares during the period. Capital World Investors raised its position in Northrop Grumman by 0.6% during the first quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock valued at $1,765,543,000 after buying an additional 23,398 shares during the period. Legal & General Group Plc raised its position in Northrop Grumman by 16.0% during the second quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock valued at $474,276,000 after buying an additional 150,367 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Northrop Grumman by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock valued at $297,937,000 after buying an additional 125,262 shares during the period. Institutional investors own 83.40% of the company’s stock.

Insider Activity

In related news, VP Thomas H. Jones sold 1,390 shares of the 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Thomas H. Jones sold 1,390 shares of the 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas H. Jones sold 1,389 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,879 shares of company stock valued at $1,410,703. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOC. Wells Fargo & Company upped their price target on Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Sanford C. Bernstein lowered 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. UBS Group upped their price target on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Finally, Jefferies Financial Group dropped their target price on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $527.19.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $528.70 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market cap of $78.24 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of 2.44 and a beta of 0.34. The business’s 50-day simple moving average is $517.80 and its 200-day simple moving average is $476.93. Northrop Grumman Co. has a 52 week low of $418.60 and a 52 week high of $555.57.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. The business 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 firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.34 EPS. As a group, equities research analysts expect that Northrop Grumman Co. will post 25.16 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is 57.62%.

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.