Members Trust Co Purchases Shares of 400 Northrop Grumman Corporation (NYSE:NOC)

Members Trust Co acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 400 shares of the aerospace company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. raised its stake in Northrop Grumman by 3.0% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 644 shares of the aerospace company’s stock worth $330,000 after buying an additional 19 shares during the period. Salvus Wealth Management LLC raised its position in shares of Northrop Grumman by 1.5% during the first quarter. Salvus Wealth Management LLC now owns 1,349 shares of the aerospace company’s stock worth $691,000 after purchasing an additional 20 shares during the period. IAG Wealth Partners LLC lifted its holdings in shares of Northrop Grumman by 8.4% in the 1st quarter. IAG Wealth Partners LLC now owns 271 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 21 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Northrop Grumman by 2.2% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company’s stock valued at $472,000 after purchasing an additional 22 shares in the last quarter. Finally, Keel Point LLC raised its holdings in Northrop Grumman by 2.3% during the fourth quarter. Keel Point LLC now owns 1,069 shares of the aerospace company’s stock worth $502,000 after buying an additional 24 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $519.87 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.95. The firm has a market cap of $74.82 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 6.14 and a beta of 0.15. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $555.57. The firm’s 50-day simple moving average is $491.12 and its two-hundred day simple moving average is $486.55.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.27). Northrop Grumman had a return on equity of 25.46% and a net margin of 9.19%. The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $10.07 billion. As a group, equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Monday, June 2nd. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.06. Northrop Grumman’s dividend payout ratio (DPR) is currently 36.46%.

Analyst Ratings Changes

Several equities research analysts have recently commented on NOC shares. Wall Street Zen downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Sanford C. Bernstein reissued a “market perform” rating on shares of Northrop Grumman in a report on Monday. UBS Group dropped their target price on Northrop Grumman from $583.00 to $571.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley lifted their target price on Northrop Grumman from $580.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company set a $525.00 price target on Northrop Grumman and gave the company an “overweight” rating in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus price target of $550.00.

Insider Buying and Selling at Northrop Grumman

In other news, VP Thomas H. Jones sold 729 shares of Northrop Grumman stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $368,706.33. Following the completion of the transaction, the vice president directly owned 7,552 shares in the company, valued at approximately $3,819,575.04. The trade was a 8.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kathy J. Warden sold 7,500 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $3,793,275.00. Following the sale, the chief executive officer owned 201,602 shares in the company, valued at approximately $101,964,243.54. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,569 shares of company stock worth $8,323,150. 0.23% of the stock is currently owned by company insiders.

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.