Members Trust Co Invests $212,000 in Northrop Grumman Co. (NYSE:NOC)

Members Trust Co purchased a new position in shares of Northrop Grumman Co. (NYSE:NOC) during the third quarter, Holdings Channel.com reports. The fund purchased 402 shares of the aerospace company’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently made changes to their positions in the business. Gulf International Bank UK Ltd raised its stake in shares of Northrop Grumman by 1,402.9% in the first quarter. Gulf International Bank UK Ltd now owns 12,925 shares of the aerospace company’s stock valued at $6,186,000 after acquiring an additional 12,065 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Northrop Grumman during the first quarter worth approximately $870,000. Norden Group LLC acquired a new stake in Northrop Grumman in the first quarter valued at approximately $778,000. Aviso Wealth Management increased its position in shares of Northrop Grumman by 110.7% in the 2nd quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after purchasing an additional 996 shares during the last quarter. Finally, Susquehanna International Securities Ltd. purchased a new stake in Northrop Grumman during the second quarter worth approximately $1,133,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NOC traded down $6.26 on Tuesday, hitting $527.81. 373,822 shares of the company were exchanged, compared to its average volume of 873,376. The business’s fifty day moving average is $518.63 and its 200 day moving average is $477.37. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. 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 capitalization of $78.11 billion, a P/E ratio of 37.38, a price-to-earnings-growth ratio of 2.44 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share 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 for the quarter, compared to analyst estimates of $10.02 billion. During the same quarter in the prior year, the company earned $5.34 earnings per share. Northrop Grumman’s revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Northrop Grumman Co. will post 25.16 EPS for the current year.

Northrop Grumman Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NOC. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. Barclays raised their target price on shares of Northrop Grumman from $470.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein cut shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 price target for the company. in a research note on Friday, June 21st. JPMorgan Chase & Co. lifted their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 target price for the company. in a research note on Tuesday, August 27th. 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 stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Hold” and an average price target of $535.00.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the transaction, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas H. Jones sold 1,389 shares of Northrop Grumman 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 directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,879 shares of company stock valued at $1,410,703 over the last quarter. Insiders own 0.22% of the company’s stock.

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.