MML Investors Services LLC lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,368 shares of the aerospace company’s stock after buying an additional 216 shares during the quarter. MML Investors Services LLC’s holdings in Northrop Grumman Corporation were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in NOC. Waldron LP grew its position in shares of Northrop Grumman Corporation by 17.1% during the first quarter. Waldron LP now owns 2,005 shares of the aerospace company’s stock worth $476,000 after buying an additional 293 shares in the last quarter. American Century Companies Inc. grew its position in shares of Northrop Grumman Corporation by 22.9% during the first quarter. American Century Companies Inc. now owns 12,099 shares of the aerospace company’s stock worth $2,878,000 after buying an additional 2,258 shares in the last quarter. Pictet Asset Management Ltd. grew its position in shares of Northrop Grumman Corporation by 17.5% during the first quarter. Pictet Asset Management Ltd. now owns 110,706 shares of the aerospace company’s stock worth $26,330,000 after buying an additional 16,520 shares in the last quarter. MUFG Americas Holdings Corp grew its position in shares of Northrop Grumman Corporation by 18.8% during the first quarter. MUFG Americas Holdings Corp now owns 58,368 shares of the aerospace company’s stock worth $13,883,000 after buying an additional 9,232 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in shares of Northrop Grumman Corporation by 1.4% during the first quarter. LS Investment Advisors LLC now owns 8,899 shares of the aerospace company’s stock worth $2,117,000 after buying an additional 125 shares in the last quarter. 81.37% of the stock is owned by institutional investors and hedge funds.

Shares of Northrop Grumman Corporation (NOC) opened at 281.55 on Friday. The firm has a 50-day moving average price of $269.39 and a 200-day moving average price of $255.59. Northrop Grumman Corporation has a 1-year low of $210.60 and a 1-year high of $282.93. The company has a market capitalization of $49.02 billion, a PE ratio of 21.51 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings results 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. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The firm had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the prior year, the business posted $2.85 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s payout ratio is presently 30.56%.

In other news, VP Lisa R. Davis sold 367 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total transaction of $96,612.75. Following the sale, the vice president now owns 961 shares in the company, valued at $252,983.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

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A number of analysts have recently weighed in on NOC shares. Jefferies Group LLC reissued a “hold” rating and set a $243.00 price target on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Cowen and Company reissued a “hold” rating and set a $275.00 price target on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. Stifel Nicolaus reissued a “hold” rating and set a $255.00 price target (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Finally, BidaskClub downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Northrop Grumman Corporation has an average rating of “Buy” and a consensus target price of $272.01.

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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