Northrop Grumman Corporation (NOC) Shares Bought by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,009 shares of the aerospace company’s stock after buying an additional 1,394 shares during the quarter. Chevy Chase Trust Holdings Inc. owned about 0.09% of Northrop Grumman worth $44,600,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NOC. Warren Averett Asset Management LLC purchased a new position in Northrop Grumman during the second quarter valued at $209,000. CIBC Asset Management Inc lifted its position in Northrop Grumman by 2.7% during the second quarter. CIBC Asset Management Inc now owns 17,112 shares of the aerospace company’s stock valued at $4,393,000 after buying an additional 444 shares during the period. Lyell Wealth Management LP lifted its position in Northrop Grumman by 4.9% during the second quarter. Lyell Wealth Management LP now owns 12,379 shares of the aerospace company’s stock valued at $3,178,000 after buying an additional 581 shares during the period. Bank of Stockton lifted its position in Northrop Grumman by 0.9% during the second quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock valued at $332,000 after buying an additional 12 shares during the period. Finally, Crestwood Advisors Group LLC lifted its position in Northrop Grumman by 21.8% during the second quarter. Crestwood Advisors Group LLC now owns 1,039 shares of the aerospace company’s stock valued at $274,000 after buying an additional 186 shares during the period. 81.33% of the stock is owned by institutional investors and hedge funds.

NOC has been the subject of several recent analyst reports. Vertical Research reaffirmed a “buy” rating and issued a $296.00 price target (up previously from $280.00) on shares of Northrop Grumman in a research report on Wednesday, September 20th. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $309.00 price target for the company in a research report on Wednesday, September 20th. Royal Bank Of Canada set a $294.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Tuesday, August 29th. BidaskClub raised Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $325.00 price target (up previously from $285.00) on shares of Northrop Grumman in a research report on Monday, October 2nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Northrop Grumman presently has a consensus rating of “Buy” and a consensus price target of $294.65.

In other Northrop Grumman news, COO Gloria A. Flach sold 7,741 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the completion of the sale, the chief operating officer now directly owns 77,200 shares in the company, valued at approximately $22,885,940. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sid Ashworth sold 6,311 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $298.00, for a total value of $1,880,678.00. Following the sale, the vice president now owns 63,147 shares of the company’s stock, valued at $18,817,806. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,417 shares of company stock valued at $6,365,189. Corporate insiders own 0.70% of the company’s stock.

Northrop Grumman Corporation (NOC) traded up $2.48 during midday trading on Friday, reaching $302.68. The company had a trading volume of 655,000 shares, compared to its average volume of 781,130. Northrop Grumman Corporation has a 52 week low of $220.72 and a 52 week high of $309.76. The company has a market cap of $52,258.36, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.69. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping the consensus estimate of $2.92 by $0.76. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the company earned $3.35 EPS. Northrop Grumman’s revenue for the quarter was up 6.0% on a year-over-year basis. equities research analysts anticipate that Northrop Grumman Corporation will post 13.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.32%. Northrop Grumman’s dividend payout ratio is currently 29.81%.

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About Northrop Grumman

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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

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