WESPAC Advisors SoCal LLC held its position in shares of Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 400 shares of the aerospace company’s stock at the end of the 2nd quarter. WESPAC Advisors SoCal LLC’s holdings in Northrop Grumman Corporation were worth $102,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services boosted its position in shares of Northrop Grumman Corporation by 39.0% during 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 last quarter. Pittenger & Anderson Inc. boosted its position in shares of Northrop Grumman Corporation by 28.6% during 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 last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Northrop Grumman Corporation during the first quarter valued at $108,000. Perigon Wealth Management LLC boosted its position in shares of Northrop Grumman Corporation by 2.8% during 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 last quarter. Finally, Global X Management Co. LLC boosted its position in shares of Northrop Grumman Corporation by 63.3% during 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 last quarter. 81.37% of the stock is currently owned by institutional investors.

NOC has been the topic of several recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Argus increased their price objective on Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. BidaskClub raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Zacks Investment Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price objective on the stock in a research report on Tuesday, September 5th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $272.01.

In other news, VP Lisa R. Davis sold 367 shares of the stock in a transaction dated 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 $252,983.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

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Shares of Northrop Grumman Corporation (NYSE NOC) traded up 0.676% on Friday, reaching $282.315. The company’s stock had a trading volume of 183,888 shares. Northrop Grumman Corporation has a 12-month low of $210.60 and a 12-month high of $282.93. The firm has a 50 day moving average price of $269.39 and a 200-day moving average price of $255.59. The stock has a market cap of $49.15 billion, a PE ratio of 21.566 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.31. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates 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 was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.85 earnings per share. Equities research analysts expect that Northrop Grumman Corporation will post $12.55 EPS for the current year.

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

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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