Wendell David Associates Inc. maintained its stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,282 shares of the aerospace company’s stock at the end of the second quarter. Wendell David Associates Inc.’s holdings in Northrop Grumman Corporation were worth $329,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NOC. Gulf International Bank UK Ltd boosted its stake in shares of Northrop Grumman Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 52,623 shares of the aerospace company’s stock valued at $12,515,000 after buying an additional 725 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its stake in shares of Northrop Grumman Corporation by 87.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 1,672 shares of the aerospace company’s stock valued at $398,000 after buying an additional 780 shares during the last quarter. Creative Planning boosted its stake in shares of Northrop Grumman Corporation by 2.1% in the first quarter. Creative Planning now owns 16,808 shares of the aerospace company’s stock valued at $3,998,000 after buying an additional 341 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Northrop Grumman Corporation by 16.1% in the first quarter. Raymond James Trust N.A. now owns 4,610 shares of the aerospace company’s stock valued at $1,097,000 after buying an additional 639 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Northrop Grumman Corporation by 2.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 153,788 shares of the aerospace company’s stock valued at $36,576,000 after buying an additional 3,252 shares during the last quarter. Institutional investors own 81.69% of the company’s stock.

Northrop Grumman Corporation (NOC) opened at 264.19 on Friday. The company has a 50-day moving average price of $259.26 and a 200 day moving average price of $245.67. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month high of $266.74. The company has a market cap of $46.12 billion, a PE ratio of 20.67 and a beta of 0.67.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings data on Wednesday, April 26th. The aerospace company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.73. The business had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.15 billion. Northrop Grumman Corporation had a return on equity of 38.20% and a net margin of 9.20%. Northrop Grumman Corporation’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.03 EPS. On average, analysts forecast that Northrop Grumman Corporation will post $12.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Monday, June 5th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, June 1st. This represents a $4.00 dividend on an annualized basis and a yield of 1.51%. This is a positive change from Northrop Grumman Corporation’s previous quarterly dividend of $0.90. Northrop Grumman Corporation’s payout ratio is currently 31.27%.

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Several brokerages have recently commented on NOC. Cowen and Company restated a “hold” rating and set a $275.00 target price on shares of Northrop Grumman Corporation in a report on Monday. Jefferies Group LLC restated a “hold” rating and set a $243.00 target price on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Vertical Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and increased their target price for the stock from $254.00 to $270.00 in a report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a report on Thursday, April 13th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $253.64.

In related news, VP Sid Ashworth sold 3,847 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the sale, the vice president now owns 69,458 shares in the company, valued at approximately $18,059,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas E. Vice sold 29,740 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $250.00, for a total value of $7,435,000.00. Following the sale, the vice president now owns 72,453 shares in the company, valued at approximately $18,113,250. The disclosure for this sale can be found here. Insiders have sold a total of 67,654 shares of company stock worth $16,773,256 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

About Northrop Grumman Corporation

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

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