Northrop Grumman Corporation $NOC Holdings Trimmed by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,424 shares of the aerospace company’s stock after selling 2,508 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Northrop Grumman were worth $56,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Soundwatch Capital LLC purchased a new stake in Northrop Grumman in the 2nd quarter worth about $6,457,274,000. Mawer Investment Management Ltd. acquired a new position in shares of Northrop Grumman in the 2nd quarter valued at about $491,985,000. Franklin Resources Inc. lifted its position in shares of Northrop Grumman by 11.8% in the second quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock worth $1,466,472,000 after purchasing an additional 308,680 shares in the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Northrop Grumman by 49,898.2% during the second quarter. Laurel Wealth Advisors LLC now owns 169,494 shares of the aerospace company’s stock worth $84,744,000 after purchasing an additional 169,155 shares during the period. Finally, Vanguard Group Inc. grew its position in Northrop Grumman by 1.2% during the second quarter. Vanguard Group Inc. now owns 13,421,645 shares of the aerospace company’s stock valued at $6,710,554,000 after purchasing an additional 155,344 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Buying and Selling

In related news, CEO Kathy J. Warden sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $615.00, for a total transaction of $1,845,000.00. Following the completion of the sale, the chief executive officer directly owned 191,602 shares of the company’s stock, valued at approximately $117,835,230. This represents a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares in the company, valued at $2,414,826.48. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,097 shares of company stock valued at $6,099,716 in the last ninety days. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Price Performance

NYSE NOC opened at $672.67 on Friday. Northrop Grumman Corporation has a fifty-two week low of $426.24 and a fifty-two week high of $677.30. The stock’s 50-day moving average is $587.92 and its two-hundred day moving average is $583.04. The firm has a market cap of $96.00 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 5.46 and a beta of 0.05. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 0.98.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, December 1st. Northrop Grumman’s payout ratio is 33.24%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NOC. Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. BNP Paribas Exane assumed coverage on Northrop Grumman in a research report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price objective for the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $727.00 target price on shares of Northrop Grumman in a research report on Monday, January 12th. Truist Financial reaffirmed a “hold” rating and set a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. boosted their price target on Northrop Grumman from $575.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $656.82.

Northrop Grumman Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.