WESPAC Advisors LLC raised its position in shares of Northrop Grumman Corp. (NYSE:NOC) by 19.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,388 shares of the company’s stock after buying an additional 1,681 shares during the period. Northrop Grumman Corp. makes up 2.4% of WESPAC Advisors LLC’s investment portfolio, making the stock its 8th largest position. WESPAC Advisors LLC’s holdings in Northrop Grumman Corp. were worth $2,309,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NOC. Oakworth Capital Inc. boosted its stake in shares of Northrop Grumman Corp. by 8.6% in the second quarter. Oakworth Capital Inc. now owns 632 shares of the company’s stock worth $134,000 after buying an additional 50 shares during the period. Integrated Investment Consultants LLC boosted its stake in shares of Northrop Grumman Corp. by 8.5% in the second quarter. Integrated Investment Consultants LLC now owns 700 shares of the company’s stock worth $156,000 after buying an additional 55 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Northrop Grumman Corp. by 0.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 827 shares of the company’s stock worth $184,000 after buying an additional 4 shares during the period. Independence Trust CO acquired a new stake in shares of Northrop Grumman Corp. during the second quarter worth approximately $200,000. Finally, NEXT Financial Group Inc boosted its stake in shares of Northrop Grumman Corp. by 19.9% in the second quarter. NEXT Financial Group Inc now owns 920 shares of the company’s stock worth $204,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 82.52% of the company’s stock.

Shares of Northrop Grumman Corp. (NYSE:NOC) traded up 0.30% on Thursday, reaching $216.49. 879,447 shares of the company’s stock traded hands. Northrop Grumman Corp. has a 52 week low of $161.81 and a 52 week high of $224.12. The stock’s 50-day moving average price is $214.41 and its 200-day moving average price is $210.69. The stock has a market capitalization of $38.66 billion, a price-to-earnings ratio of 19.48 and a beta of 0.73.

Northrop Grumman Corp. (NYSE:NOC) last issued its earnings results on Wednesday, July 27th. The company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.53 by $0.32. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $5.99 billion. Northrop Grumman Corp. had a net margin of 8.67% and a return on equity of 32.59%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.54 EPS. Equities analysts predict that Northrop Grumman Corp. will post $11.04 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Monday, August 29th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, August 25th. This represents a $3.60 annualized dividend and a dividend yield of 1.66%. Northrop Grumman Corp.’s payout ratio is currently 32.37%.

A number of equities research analysts have recently commented on NOC shares. Citigroup Inc. increased their target price on shares of Northrop Grumman Corp. from $235.00 to $243.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th. Vetr raised shares of Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $224.44 price objective for the company in a report on Monday, June 20th. Jefferies Group upped their price objective on shares of Northrop Grumman Corp. from $233.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research raised shares of Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $248.00 price objective for the company in a report on Monday, July 4th. Finally, Argus reissued a “buy” rating on shares of Northrop Grumman Corp. in a report on Tuesday, August 2nd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Northrop Grumman Corp. presently has an average rating of “Hold” and a consensus price target of $221.72.

In other news, CFO Kenneth L. Bedingfield sold 125 shares of Northrop Grumman Corp. stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $212.20, for a total transaction of $26,525.00. Following the completion of the transaction, the chief financial officer now owns 18,626 shares of the company’s stock, valued at approximately $3,952,437.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher T. Jones sold 240 shares of Northrop Grumman Corp. stock in a transaction on Monday, August 1st. The stock was sold at an average price of $215.86, for a total value of $51,806.40. Following the transaction, the vice president now directly owns 48,020 shares of the company’s stock, valued at approximately $10,365,597.20. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

About Northrop Grumman Corp.

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

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