Coastline Trust Co Has $204,000 Stock Position in Northrop Grumman Co. (NYSE:NOC)

Coastline Trust Co lessened its position in Northrop Grumman Co. (NYSE:NOC) by 61.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 386 shares of the aerospace company’s stock after selling 625 shares during the period. Coastline Trust Co’s holdings in Northrop Grumman were worth $204,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ascent Group LLC boosted its stake in Northrop Grumman by 0.5% in the second quarter. Ascent Group LLC now owns 4,337 shares of the aerospace company’s stock worth $1,891,000 after buying an additional 20 shares in the last quarter. Cornell Pochily Investment Advisors Inc. boosted its stake in shares of Northrop Grumman by 0.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,141 shares of the aerospace company’s stock valued at $1,131,000 after purchasing an additional 20 shares in the last quarter. Asset Dedication LLC grew its holdings in shares of Northrop Grumman by 1.0% during the 3rd quarter. Asset Dedication LLC now owns 2,025 shares of the aerospace company’s stock valued at $1,069,000 after purchasing an additional 20 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Northrop Grumman by 1.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,478 shares of the aerospace company’s stock worth $780,000 after purchasing an additional 20 shares during the period. Finally, PBMares Wealth Management LLC lifted its stake in Northrop Grumman by 0.5% in the third quarter. PBMares Wealth Management LLC now owns 4,421 shares of the aerospace company’s stock worth $2,335,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NOC shares. StockNews.com upgraded Northrop Grumman from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. TD Cowen upgraded Northrop Grumman to a “hold” rating in a research report on Tuesday, October 8th. Barclays raised their target price on shares of Northrop Grumman from $500.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley upped their price target on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company raised their price target on shares of Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Northrop Grumman currently has a consensus rating of “Hold” and a consensus target price of $550.56.

Insider Activity

In related news, VP Benjamin R. Davies sold 1,156 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $532.93, for a total value of $616,067.08. Following the transaction, the vice president now owns 537 shares in the company, valued at $286,183.41. The trade was a 68.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 1,289 shares of company stock worth $685,273 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Northrop Grumman Price Performance

NOC opened at $493.99 on Friday. Northrop Grumman Co. has a 12-month low of $418.60 and a 12-month high of $555.57. The company has a market cap of $71.97 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 1.00 and a beta of 0.35. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. The stock has a fifty day simple moving average of $523.27 and a two-hundred day simple moving average of $486.19.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same period last year, the company posted $6.18 EPS. Northrop Grumman’s revenue was up 2.3% on a year-over-year basis. Research analysts predict that Northrop Grumman Co. will post 25.93 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 1.67%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

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.