Northrop Grumman Corporation (NOC) Position Reduced by Fiera Capital Corp

Fiera Capital Corp cut its stake in Northrop Grumman Corporation (NYSE:NOC) by 51.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,103 shares of the aerospace company’s stock after selling 2,195 shares during the period. Fiera Capital Corp’s holdings in Northrop Grumman Corporation were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its stake in Northrop Grumman Corporation by 0.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 3 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in Northrop Grumman Corporation by 0.7% in the 1st quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock worth $252,000 after purchasing an additional 8 shares in the last quarter. Argent Trust Co boosted its stake in Northrop Grumman Corporation by 0.7% in the 1st quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock worth $401,000 after purchasing an additional 11 shares in the last quarter. Bank of Stockton boosted its stake in Northrop Grumman Corporation by 0.9% in the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock worth $332,000 after purchasing an additional 12 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in Northrop Grumman Corporation by 1.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock worth $338,000 after purchasing an additional 13 shares in the last quarter. Institutional investors own 81.37% of the company’s stock.

Shares of Northrop Grumman Corporation (NYSE:NOC) opened at 280.04 on Thursday. The company has a 50-day moving average of $269.39 and a 200-day moving average of $255.59. Northrop Grumman Corporation has a 1-year low of $210.60 and a 1-year high of $281.57. The firm has a market cap of $48.75 billion, a PE ratio of 21.39 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.31. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. Northrop Grumman Corporation’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 earnings per share. Analysts predict that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.43%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s payout ratio is 30.56%.

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In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the stock in a transaction on Tuesday, August 1st. The stock was 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 owns 961 shares in the company, valued at $252,983.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.

A number of analysts recently commented on NOC shares. Zacks Investment Research cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Royal Bank Of Canada set a $294.00 target price on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Jefferies Group LLC reiterated a “hold” rating and issued a $243.00 target price on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $255.00 target price (up from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $285.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $272.01.

Northrop Grumman Corporation Company 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.

Institutional Ownership by Quarter for Northrop Grumman Corporation (NYSE:NOC)

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