TrueMark Investments LLC Makes New $318,000 Investment in Northrop Grumman Corporation (NYSE:NOC)

TrueMark Investments LLC acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 621 shares of the aerospace company's stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Northrop Grumman by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 12,677,781 shares of the aerospace company's stock worth $5,949,556,000 after buying an additional 56,807 shares during the last quarter. Capital International Investors boosted its stake in shares of Northrop Grumman by 5.9% during the 4th quarter. Capital International Investors now owns 8,239,434 shares of the aerospace company's stock worth $3,866,133,000 after acquiring an additional 461,307 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Northrop Grumman by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 4,164,700 shares of the aerospace company's stock valued at $1,954,452,000 after acquiring an additional 23,808 shares during the period. Geode Capital Management LLC increased its stake in shares of Northrop Grumman by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 3,025,263 shares of the aerospace company's stock worth $1,417,850,000 after purchasing an additional 21,903 shares in the last quarter. Finally, FMR LLC raised its holdings in Northrop Grumman by 4.1% in the 4th quarter. FMR LLC now owns 2,807,223 shares of the aerospace company's stock worth $1,317,402,000 after purchasing an additional 109,308 shares during the period. Institutional investors own 83.40% of the company's stock.

Northrop Grumman Price Performance

Shares of NOC stock traded down $15.77 on Tuesday, reaching $483.90. The company's stock had a trading volume of 929,020 shares, compared to its average volume of 880,584. The company has a market capitalization of $69.65 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 5.46 and a beta of 0.14. The stock's fifty day simple moving average is $487.72 and its 200-day simple moving average is $483.14. The company has a current ratio of 0.95, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. Northrop Grumman Corporation has a 1 year low of $422.69 and a 1 year high of $555.57.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 EPS for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). Northrop Grumman had a net margin of 9.19% and a return on equity of 25.46%. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $10.07 billion. Analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were given a dividend of $2.31 per share. This is a boost from Northrop Grumman's previous quarterly dividend of $2.06. The ex-dividend date was Monday, June 2nd. This represents a $9.24 dividend on an annualized basis and a yield of 1.91%. Northrop Grumman's payout ratio is 36.46%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Susquehanna reduced their price target on Northrop Grumman from $557.00 to $540.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. UBS Group reduced their target price on shares of Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen lowered shares of Northrop Grumman from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Wells Fargo & Company set a $525.00 price objective on shares of Northrop Grumman and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Argus raised shares of Northrop Grumman to a "strong-buy" rating in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $553.43.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, VP Thomas H. Jones sold 729 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total value of $368,706.33. Following the transaction, the vice president now owns 7,552 shares of the company's stock, valued at $3,819,575.04. This represents a 8.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kathy J. Warden sold 3,750 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $495.00, for a total transaction of $1,856,250.00. Following the sale, the chief executive officer now directly owns 209,102 shares of the company's stock, valued at $103,505,490. This represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,569 shares of company stock worth $8,322,279. 0.23% of the stock is currently owned by insiders.

About Northrop Grumman

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.