Gilman Hill Asset Management LLC Has $2.52 Million Stock Position in Northrop Grumman Co. (NYSE:NOC)

Gilman Hill Asset Management LLC trimmed its position in Northrop Grumman Co. (NYSE:NOCGet Rating) by 16.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,269 shares of the aerospace company’s stock after selling 1,017 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Northrop Grumman were worth $2,522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NOC. HYA Advisors Inc bought a new position in Northrop Grumman during the first quarter valued at approximately $214,000. Koshinski Asset Management Inc. increased its position in Northrop Grumman by 8.2% during the first quarter. Koshinski Asset Management Inc. now owns 843 shares of the aerospace company’s stock worth $377,000 after acquiring an additional 64 shares during the period. Veracity Capital LLC bought a new position in Northrop Grumman during the first quarter worth $392,000. Stephens Inc. AR increased its position in Northrop Grumman by 1.0% during the first quarter. Stephens Inc. AR now owns 10,252 shares of the aerospace company’s stock worth $4,585,000 after acquiring an additional 103 shares during the period. Finally, Alpha Cubed Investments LLC acquired a new stake in Northrop Grumman during the first quarter worth $285,000. 83.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Susquehanna Bancshares lifted their price target on shares of Northrop Grumman from $530.00 to $560.00 and gave the stock a “positive” rating in a research note on Wednesday, August 31st. Cowen set a $510.00 target price on shares of Northrop Grumman in a research note on Tuesday, July 19th. Morgan Stanley boosted their target price on shares of Northrop Grumman from $521.00 to $530.00 and gave the company an “overweight” rating in a research note on Tuesday, July 12th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Saturday, September 17th. Finally, Robert W. Baird upgraded shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $488.00 to $529.00 in a research note on Friday, July 29th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman currently has an average rating of “Hold” and a consensus target price of $487.75.

Northrop Grumman Trading Down 2.4 %

Shares of NOC stock traded down $12.13 on Friday, reaching $484.33. The company had a trading volume of 6,515 shares, compared to its average volume of 691,050. The company has a current ratio of 1.30, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. The stock has a market cap of $74.93 billion, a PE ratio of 13.82, a PEG ratio of 9.09 and a beta of 0.61. The company has a 50-day moving average of $477.14 and a 200-day moving average of $464.47. Northrop Grumman Co. has a 12 month low of $345.90 and a 12 month high of $515.49.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Monday, August 29th were given a $1.73 dividend. The ex-dividend date was Friday, August 26th. This represents a $6.92 annualized dividend and a dividend yield of 1.43%. Northrop Grumman’s dividend payout ratio is presently 19.26%.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $481.87, for a total transaction of $4,818,700.00. Following the completion of the transaction, the chief executive officer now owns 134,583 shares of the company’s stock, valued at approximately $64,851,510.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Northrop Grumman news, CEO Kathy J. Warden sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $481.87, for a total transaction of $4,818,700.00. Following the completion of the transaction, the chief executive officer now owns 134,583 shares of the company’s stock, valued at approximately $64,851,510.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Sheila C. Cheston sold 4,025 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $473.99, for a total value of $1,907,809.75. Following the completion of the sale, the vice president now directly owns 25,350 shares of the company’s stock, valued at approximately $12,015,646.50. The disclosure for this sale can be found here. In the last three months, insiders sold 14,607 shares of company stock worth $7,007,034. 0.25% of the stock is owned by company insiders.

Northrop Grumman Company Profile

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Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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.

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

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