Trust Co. of Toledo NA OH Has $451,000 Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Trust Co. of Toledo NA OH boosted its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,034 shares of the aerospace company’s stock after purchasing an additional 39 shares during the period. Trust Co. of Toledo NA OH’s holdings in Northrop Grumman were worth $451,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Bank & Trust Co acquired a new position in Northrop Grumman during the second quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in Northrop Grumman by 560.0% during the second quarter. Versant Capital Management Inc now owns 165 shares of the aerospace company’s stock valued at $72,000 after purchasing an additional 140 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Northrop Grumman during the second quarter valued at approximately $52,000. Stonehearth Capital Management LLC boosted its position in Northrop Grumman by 12.7% during the second quarter. Stonehearth Capital Management LLC now owns 915 shares of the aerospace company’s stock valued at $399,000 after purchasing an additional 103 shares during the last quarter. Finally, Trinity Street Asset Management LLP boosted its position in Northrop Grumman by 1.0% during the second quarter. Trinity Street Asset Management LLP now owns 43,500 shares of the aerospace company’s stock valued at $18,964,000 after purchasing an additional 436 shares during the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on NOC. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. 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 note on Monday, July 29th. Jefferies Financial Group dropped their price objective on Northrop Grumman from $530.00 to $500.00 and set a “hold” rating on the stock in a research note on Tuesday, June 18th. Wells Fargo & Company upped their price objective on Northrop Grumman from $467.00 to $509.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, UBS Group upped their price objective on Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $516.29.

Insiders Place Their Bets

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the firm’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 sale, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now directly owns 4,634 shares in the company, valued at approximately $2,317,000. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Price Performance

Northrop Grumman stock traded down $6.13 during mid-day trading on Tuesday, reaching $486.50. 741,529 shares of the company were exchanged, compared to its average volume of 975,633. The company has a fifty day simple moving average of $443.74 and a 200-day simple moving average of $455.75. Northrop Grumman Co. has a 12 month low of $414.56 and a 12 month high of $506.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. The firm has a market cap of $72.00 billion, a PE ratio of 34.02, a PEG ratio of 2.26 and a beta of 0.32.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm had revenue of $10.22 billion for the quarter, compared to analyst estimates of $10.02 billion. During the same quarter last year, the company earned $5.34 EPS. The company’s revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts expect that Northrop Grumman Co. will post 25.18 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Tuesday, May 28th were paid a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Friday, May 24th. This is a positive change from Northrop Grumman’s previous quarterly dividend of $1.87. Northrop Grumman’s dividend payout ratio (DPR) is 57.62%.

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.