Stephens Inc. AR lifted its stake in Northrop Grumman Corporation (NYSE:NOC) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,192 shares of the aerospace company’s stock after acquiring an additional 510 shares during the quarter. Stephens Inc. AR’s holdings in Northrop Grumman Corporation were worth $1,076,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC acquired a new position in Northrop Grumman Corporation during the first quarter worth approximately $108,000. First Personal Financial Services increased its position in Northrop Grumman Corporation by 39.0% during the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after buying an additional 121 shares during the last quarter. Pittenger & Anderson Inc. increased its position in Northrop Grumman Corporation by 28.6% during the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after buying an additional 100 shares during the last quarter. Global X Management Co. LLC increased its position in Northrop Grumman Corporation by 63.3% during the first quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock worth $130,000 after buying an additional 212 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its position in Northrop Grumman Corporation by 2.8% during the first quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after buying an additional 15 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Northrop Grumman Corporation (NOC) opened at 267.03 on Friday. Northrop Grumman Corporation has a 52 week low of $210.60 and a 52 week high of $274.61. The company has a 50 day moving average price of $268.61 and a 200 day moving average price of $254.97. The company has a market capitalization of $46.49 billion, a PE ratio of 20.40 and a beta of 0.66.
Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.31. The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. Northrop Grumman Corporation’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $2.85 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 28th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.50%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.
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A number of equities analysts have weighed in on NOC shares. Zacks Investment Research downgraded Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Royal Bank Of Canada set a $294.00 price target on Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Jefferies Group LLC reissued a “hold” rating and set a $243.00 price target on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Stifel Nicolaus reissued a “hold” rating and set a $255.00 price target (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $269.43.
In related news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the transaction, the vice president now directly owns 961 shares of the company’s stock, valued at approximately $252,983.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.
Northrop Grumman Corporation Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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