Donaldson Capital Management LLC purchased a new position in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, Holdings Channel reports. The fund purchased 4,436 shares of the aerospace company’s stock, valued at approximately $1,139,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Northrop Grumman Corporation by 2,871.7% in the first quarter. BlackRock Inc. now owns 12,775,397 shares of the aerospace company’s stock worth $3,038,501,000 after buying an additional 12,345,491 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Northrop Grumman Corporation by 64.6% in the first quarter. Alliancebernstein L.P. now owns 3,149,678 shares of the aerospace company’s stock worth $749,119,000 after buying an additional 1,235,985 shares during the last quarter. Winslow Capital Management LLC purchased a new position in shares of Northrop Grumman Corporation during the first quarter worth about $198,691,000. Renaissance Technologies LLC boosted its position in shares of Northrop Grumman Corporation by 331.4% in the first quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock worth $235,271,000 after buying an additional 759,900 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Northrop Grumman Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 12,764,239 shares of the aerospace company’s stock worth $3,035,847,000 after buying an additional 531,824 shares during the last quarter. 81.80% of the stock is owned by institutional investors.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at 267.61 on Friday. The stock has a 50 day moving average price of $265.37 and a 200 day moving average price of $250.80. The firm has a market cap of $46.59 billion, a PE ratio of 20.44 and a beta of 0.66. Northrop Grumman Corporation has a 52 week low of $206.69 and a 52 week high of $274.61.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the previous year, the business earned $2.85 EPS. Northrop Grumman Corporation’s revenue was up 6.3% compared to the same quarter last year. Equities analysts expect that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 28th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 1.49%. Northrop Grumman Corporation’s dividend payout ratio is presently 30.56%.

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A number of equities analysts have issued reports on NOC shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating and issued a $275.00 target price on shares of Northrop Grumman Corporation in a report on Monday, July 17th. BidaskClub cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley started coverage on Northrop Grumman Corporation in a report on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 target price for the company. Finally, Vertical Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $254.00 to $270.00 in a report on Wednesday, May 10th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Northrop Grumman Corporation has an average rating of “Buy” and a consensus target price of $259.93.

In related news, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total transaction of $96,612.75. Following the transaction, the vice president now owns 961 shares in the company, valued at approximately $252,983.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sid Ashworth sold 3,847 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $260.00, for a total value of $1,000,220.00. Following the transaction, the vice president now owns 69,458 shares in the company, valued at approximately $18,059,080. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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.

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

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