Douglass Winthrop Advisors LLC maintained its position in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the aerospace company’s stock at the end of the second quarter. Douglass Winthrop Advisors LLC’s holdings in Northrop Grumman Corporation were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NOC. Benjamin F. Edwards & Company Inc. increased its position in Northrop Grumman Corporation by 0.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the aerospace company’s stock valued at $199,000 after buying an additional 3 shares in the last quarter. Concert Wealth Management Inc. increased its position in Northrop Grumman Corporation by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock valued at $252,000 after buying an additional 8 shares in the last quarter. Dubuque Bank & Trust Co. increased its position in Northrop Grumman Corporation by 1.8% in the first quarter. Dubuque Bank & Trust Co. now owns 501 shares of the aerospace company’s stock valued at $119,000 after buying an additional 9 shares in the last quarter. Argent Trust Co increased its position in Northrop Grumman Corporation by 0.7% in the first quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock valued at $401,000 after buying an additional 11 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its position in Northrop Grumman Corporation by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the aerospace company’s stock valued at $739,000 after buying an additional 12 shares in the last quarter. 81.80% of the stock is currently owned by institutional investors.

Northrop Grumman Corporation (NYSE:NOC) opened at 267.61 on Monday. The firm’s 50-day moving average is $265.37 and its 200-day moving average is $250.80. The stock has a market cap of $46.59 billion, a P/E 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 posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. The business had revenue of $6.38 billion during 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 was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 earnings per share. Equities research analysts predict that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

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

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Several research firms recently commented on NOC. Argus raised their price target on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $255.00 price target (up previously from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $243.00 price target on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Vertical Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $254.00 to $270.00 in a research note on Wednesday, May 10th. Finally, Morgan Stanley began coverage on shares of Northrop Grumman Corporation in a research note on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Northrop Grumman Corporation currently has a consensus rating of “Buy” and an average price target of $259.93.

In related news, VP Sid Ashworth sold 3,847 shares of the 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 completion of the sale, the vice president now directly owns 69,458 shares of the company’s stock, valued at $18,059,080. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $96,612.75. Following the sale, the vice president now directly owns 961 shares of the company’s stock, valued at $252,983.25. The disclosure for this sale can be found here. 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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