Summit Trail Advisors LLC Has $490,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Summit Trail Advisors LLC grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 927 shares of the aerospace company’s stock after purchasing an additional 32 shares during the quarter. Summit Trail Advisors LLC’s holdings in Northrop Grumman were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOC. Optimum Investment Advisors raised its stake in Northrop Grumman by 241.2% during the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock worth $25,000 after buying an additional 41 shares during the period. Bank & Trust Co acquired a new position in Northrop Grumman during the 2nd quarter worth approximately $28,000. Meeder Asset Management Inc. raised its stake in Northrop Grumman by 245.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after buying an additional 54 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Northrop Grumman during the 3rd quarter worth approximately $40,000. Finally, Strategic Financial Concepts LLC acquired a new position in Northrop Grumman during the 2nd quarter worth approximately $47,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOC. Citigroup upped their price target on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada boosted their price objective on Northrop Grumman from $500.00 to $540.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. StockNews.com lowered Northrop Grumman from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays boosted their price objective on Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $550.56.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the completion of the transaction, the vice president now directly owns 537 shares of the company’s stock, valued at approximately $286,183.41. This represents a 68.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 1,289 shares of company stock valued at $685,273. Company insiders own 0.22% of the company’s stock.

Northrop Grumman Stock Performance

NOC stock opened at $488.43 on Wednesday. The firm has a market cap of $71.16 billion, a PE ratio of 30.26, a P/E/G ratio of 1.00 and a beta of 0.35. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average of $519.22 and a 200-day moving average of $487.12. Northrop Grumman Co. has a 12-month low of $418.60 and a 12-month high of $555.57.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, beating the consensus estimate of $6.07 by $0.93. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same period in the prior year, the company earned $6.18 earnings per share. Northrop Grumman’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Northrop Grumman Co. will post 25.93 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 2nd will be issued a dividend of $2.06 per share. This represents a $8.24 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, December 2nd. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

About Northrop Grumman

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.