Private Trust Co. NA lowered its position in shares of Northrop Grumman Corp. (NYSE:NOC) by 6.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,924 shares of the company’s stock after selling 2,315 shares during the period. Northrop Grumman Corp. accounts for approximately 1.9% of Private Trust Co. NA’s holdings, making the stock its 6th largest position. Private Trust Co. NA’s holdings in Northrop Grumman Corp. were worth $7,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NOC. Vanguard Group Inc. boosted its position in Northrop Grumman Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 11,947,701 shares of the company’s stock valued at $2,655,735,000 after buying an additional 214,231 shares during the period. Capital World Investors boosted its position in Northrop Grumman Corp. by 0.4% in the second quarter. Capital World Investors now owns 6,059,000 shares of the company’s stock valued at $1,346,795,000 after buying an additional 24,000 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Northrop Grumman Corp. by 1.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,827,897 shares of the company’s stock valued at $1,073,144,000 after buying an additional 50,576 shares during the period. FMR LLC boosted its position in Northrop Grumman Corp. by 69.2% in the second quarter. FMR LLC now owns 4,262,441 shares of the company’s stock valued at $947,455,000 after buying an additional 1,742,969 shares during the period. Finally, BlackRock Fund Advisors boosted its position in Northrop Grumman Corp. by 2.2% in the second quarter. BlackRock Fund Advisors now owns 2,394,409 shares of the company’s stock valued at $532,229,000 after buying an additional 50,792 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

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

Northrop Grumman Corp. (NYSE:NOC) traded down 0.62% during trading on Wednesday, reaching $250.24. 483,203 shares of the company’s stock were exchanged. Northrop Grumman Corp. has a 12-month low of $175.00 and a 12-month high of $253.09. The company has a market cap of $44.11 billion, a P/E ratio of 21.36 and a beta of 0.66. The stock’s 50-day moving average is $231.40 and its 200-day moving average is $219.89.

Northrop Grumman Corp. (NYSE:NOC) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $3.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.81 by $0.54. Northrop Grumman Corp. had a return on equity of 34.10% and a net margin of 8.96%. The firm earned $6.20 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the company earned $2.75 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Analysts predict that Northrop Grumman Corp. will post $11.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Monday, December 5th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, December 1st. Northrop Grumman Corp.’s dividend payout ratio is currently 30.72%.

TRADEMARK VIOLATION WARNING: “Private Trust Co. NA Sells 2,315 Shares of Northrop Grumman Corp. (NOC)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2016/11/30/private-trust-co-na-sells-2315-shares-of-northrop-grumman-corp-noc.html.

NOC has been the topic of several research reports. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Northrop Grumman Corp. in a research report on Monday, November 14th. Argus reaffirmed a “buy” rating on shares of Northrop Grumman Corp. in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. lowered shares of Northrop Grumman Corp. from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $225.00 to $231.00 in a research report on Thursday, August 25th. Robert W. Baird initiated coverage on shares of Northrop Grumman Corp. in a research report on Wednesday, October 5th. They issued an “outperform” rating and a $260.00 price objective on the stock. Finally, Vetr raised shares of Northrop Grumman Corp. from a “sell” rating to a “hold” rating and set a $251.18 price objective on the stock in a research report on Thursday, November 10th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Northrop Grumman Corp. has a consensus rating of “Buy” and an average price target of $236.16.

In other Northrop Grumman Corp. news, CFO Kenneth L. Bedingfield sold 125 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $212.20, for a total value of $26,525.00. Following the completion of the sale, the chief financial officer now directly owns 18,626 shares of the company’s stock, valued at approximately $3,952,437.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher T. Jones sold 240 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $212.20, for a total value of $50,928.00. Following the completion of the sale, the vice president now directly owns 47,780 shares of the company’s stock, valued at $10,138,916. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Northrop Grumman Corp. Company Profile

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

5 Day Chart for NYSE:NOC

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