Schulhoff & Co. Inc. Decreases Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Schulhoff & Co. Inc. cut its holdings in Northrop Grumman Co. (NYSE:NOC) by 6.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,841 shares of the aerospace company’s stock after selling 250 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Northrop Grumman were worth $1,674,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NOC. Bogart Wealth LLC lifted its stake in shares of Northrop Grumman by 14.1% in the 1st quarter. Bogart Wealth LLC now owns 170 shares of the aerospace company’s stock valued at $81,000 after purchasing an additional 21 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its position in Northrop Grumman by 4.6% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 500 shares of the aerospace company’s stock worth $218,000 after buying an additional 22 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in Northrop Grumman by 2.4% in the first quarter. Legacy Wealth Asset Management LLC now owns 965 shares of the aerospace company’s stock worth $462,000 after buying an additional 23 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in Northrop Grumman by 1.1% during the second quarter. Capital Investment Advisors LLC now owns 2,068 shares of the aerospace company’s stock worth $902,000 after buying an additional 23 shares during the period. Finally, Renasant Bank increased its position in Northrop Grumman by 3.3% during the first quarter. Renasant Bank now owns 743 shares of the aerospace company’s stock valued at $356,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NOC stock opened at $519.78 on Friday. Northrop Grumman Co. has a 1-year low of $414.56 and a 1-year high of $528.76. The business has a 50-day moving average price of $486.71 and a 200 day moving average price of $467.55. The company has a market capitalization of $76.01 billion, a P/E ratio of 36.35, a PEG ratio of 2.36 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating the consensus estimate of $5.93 by $0.43. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The business had revenue of $10.22 billion during the quarter, compared to analyst estimates of $10.02 billion. During the same quarter in the previous year, the business posted $5.34 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities research analysts forecast that Northrop Grumman Co. will post 25.14 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $2.06 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $8.24 dividend on an annualized basis and a yield of 1.59%. Northrop Grumman’s dividend payout ratio is currently 57.62%.

Insider Buying and Selling at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the sale, the vice president now owns 6,755 shares of the company’s stock, valued at $3,225,917.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,846 shares of company stock valued at $1,393,028. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NOC. Wells Fargo & Company raised their target price on shares of Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and raised their price objective for the stock from $474.00 to $575.00 in a research note on Monday, July 29th. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. UBS Group raised their price target on Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, TD Cowen upped their price objective on Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $523.20.

Northrop Grumman Company 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.