American Trust Investment Advisors LLC Reduces Stake in Northrop Grumman Co. (NYSE:NOC)

American Trust Investment Advisors LLC decreased its position in Northrop Grumman Co. (NYSE:NOC) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,564 shares of the aerospace company’s stock after selling 100 shares during the period. Northrop Grumman accounts for approximately 3.2% of American Trust Investment Advisors LLC’s investment portfolio, making the stock its 7th largest position. American Trust Investment Advisors LLC’s holdings in Northrop Grumman were worth $4,060,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Comerica Securities Inc. lifted its holdings in shares of Northrop Grumman by 8.1% in the 4th quarter. Comerica Securities Inc. now owns 1,005 shares of the aerospace company’s stock worth $246,000 after acquiring an additional 75 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Northrop Grumman by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 541,267 shares of the aerospace company’s stock worth $132,552,000 after acquiring an additional 33,098 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Northrop Grumman by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,002,473 shares of the aerospace company’s stock worth $489,450,000 after buying an additional 56,098 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in Northrop Grumman during the 1st quarter worth approximately $863,000. Finally, Alps Advisors Inc. acquired a new stake in Northrop Grumman during the 1st quarter worth approximately $474,000. 83.11% of the stock is owned by institutional investors and hedge funds.

In other Northrop Grumman news, CEO Kathy J. Warden sold 6,837 shares of Northrop Grumman stock in a transaction on Monday, July 29th. The stock was sold at an average price of $353.46, for a total transaction of $2,416,606.02. Following the completion of the transaction, the chief executive officer now directly owns 99,002 shares of the company’s stock, valued at $34,993,246.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher T. Jones sold 5,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $353.19, for a total value of $1,765,950.00. Following the completion of the sale, the vice president now owns 67,422 shares of the company’s stock, valued at $23,812,776.18. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Credit Suisse Group raised their price objective on shares of Northrop Grumman from $364.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. UBS Group increased their target price on shares of Northrop Grumman from $300.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Bank of America reaffirmed a “buy” rating and issued a $405.00 target price (up from $355.00) on shares of Northrop Grumman in a research report on Thursday, July 25th. Finally, Barclays increased their target price on shares of Northrop Grumman from $325.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $347.60.

NOC stock traded up $1.53 during mid-day trading on Friday, reaching $366.75. 4,700 shares of the stock traded hands, compared to its average volume of 671,183. The stock’s fifty day moving average is $361.49 and its 200-day moving average is $313.26. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of 1.62. The company has a market cap of $60.08 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.45 and a beta of 0.79. Northrop Grumman Co. has a 52-week low of $223.63 and a 52-week high of $377.34.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.64 by $0.42. Northrop Grumman had a net margin of 9.80% and a return on equity of 42.21%. The business had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.41 billion. During the same period in the prior year, the firm earned $4.50 earnings per share. The firm’s revenue was up 18.8% compared to the same quarter last year. Equities research analysts expect that Northrop Grumman Co. will post 19.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Monday, September 9th will be issued a dividend of $1.32 per share. The ex-dividend date is Friday, September 6th. This represents a $5.28 annualized dividend and a yield of 1.44%. Northrop Grumman’s dividend payout ratio (DPR) is presently 24.75%.

About Northrop Grumman

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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

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