Summit Trail Advisors LLC Sells 212 Shares of Northrop Grumman Co. (NYSE:NOC)

Summit Trail Advisors LLC lowered its stake in Northrop Grumman Co. (NYSE:NOC) by 21.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 763 shares of the aerospace company’s stock after selling 212 shares during the quarter. Summit Trail Advisors LLC’s holdings in Northrop Grumman were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Northrop Grumman during the 4th quarter valued at $25,000. SRS Capital Advisors Inc. raised its holdings in Northrop Grumman by 960.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 48 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Northrop Grumman in the third quarter valued at about $29,000. McIlrath & Eck LLC boosted its stake in shares of Northrop Grumman by 247.6% in the fourth quarter. McIlrath & Eck LLC now owns 73 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 52 shares during the period. Finally, Providence Capital Advisors LLC grew its position in shares of Northrop Grumman by 400.0% during the third quarter. Providence Capital Advisors LLC now owns 100 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling at Northrop Grumman

In related news, VP Kathryn G. Simpson sold 1,273 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $573,321.01. Following the completion of the transaction, the vice president now owns 2,735 shares in the company, valued at approximately $1,231,761.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Northrop Grumman news, CAO Michael A. Hardesty sold 955 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $450.37, for a total value of $430,103.35. Following the sale, the chief accounting officer now owns 4,137 shares in the company, valued at approximately $1,863,180.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Kathryn G. Simpson sold 1,273 shares of Northrop Grumman stock in a transaction on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $573,321.01. Following the completion of the transaction, the vice president now directly owns 2,735 shares of the company’s stock, valued at approximately $1,231,761.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,149 shares of company stock valued at $1,421,147. 0.22% of the stock is currently owned by corporate insiders.

Northrop Grumman Trading Up 1.0 %

NOC opened at $473.75 on Wednesday. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $496.89. The company has a market capitalization of $70.11 billion, a P/E ratio of 33.11, a PEG ratio of 1.93 and a beta of 0.34. The stock’s fifty day moving average is $465.45 and its two-hundred day moving average is $465.24. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 1.04.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, April 25th. The aerospace company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.83 by $0.49. The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $9.77 billion. Northrop Grumman had a return on equity of 24.09% and a net margin of 5.38%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $5.50 earnings per share. Analysts forecast that Northrop Grumman Co. will post 24.7 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 26th were issued a dividend of $1.87 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.48 dividend on an annualized basis and a yield of 1.58%. Northrop Grumman’s dividend payout ratio is currently 52.31%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NOC. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price for the company in a research note on Monday, April 22nd. TheStreet downgraded shares of Northrop Grumman from a “b+” rating to a “c+” rating in a report on Thursday, January 25th. Royal Bank of Canada raised their price objective on Northrop Grumman from $450.00 to $475.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. Finally, Robert W. Baird increased their price target on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $509.38.

Northrop Grumman 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.