Dai Ichi Life Insurance Company Ltd decreased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 6.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,114 shares of the aerospace company’s stock after selling 375 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Northrop Grumman Corporation were worth $1,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new position in Northrop Grumman Corporation in the first quarter valued at approximately $108,000. First Personal Financial Services raised its holdings in Northrop Grumman Corporation by 39.0% in the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after buying an additional 121 shares during the period. Pittenger & Anderson Inc. raised its holdings in Northrop Grumman Corporation by 28.6% in the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after buying an additional 100 shares during the period. Global X Management Co. LLC raised its holdings in Northrop Grumman Corporation by 63.3% in the first quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock valued at $130,000 after buying an additional 212 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in Northrop Grumman Corporation by 2.8% in the first quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock valued at $130,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction that occurred 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 transaction, the vice president now directly owns 961 shares of the company’s stock, valued at approximately $252,983.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Shares of Northrop Grumman Corporation (NYSE:NOC) opened at 265.82 on Friday. Northrop Grumman Corporation has a 52-week low of $210.60 and a 52-week high of $274.61. The firm has a market cap of $46.28 billion, a P/E ratio of 20.31 and a beta of 0.66. The stock’s 50 day moving average is $268.43 and its 200-day moving average is $254.84.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.85 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.

The firm also recently declared 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 1.50%. The ex-dividend date of this dividend was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio is currently 30.56%.

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Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $299.00 price target on the stock in a report on Thursday. Royal Bank Of Canada set a $294.00 price target on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. Cowen and Company restated a “hold” rating and issued a $275.00 price target on shares of Northrop Grumman Corporation in a report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $309.00 price target on shares of Northrop Grumman Corporation in a report on Wednesday, August 23rd. Finally, BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Northrop Grumman Corporation has an average rating of “Buy” and an average target price of $269.43.

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.

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

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