Montag A & Associates Inc. held its stake in Northrop Grumman Co. (NYSE:NOC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,313 shares of the aerospace company’s stock at the end of the second quarter. Montag A & Associates Inc.’s holdings in Northrop Grumman were worth $594,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC bought a new stake in shares of Northrop Grumman during the first quarter valued at approximately $108,000. First Personal Financial Services increased its stake in shares of Northrop Grumman 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. Dubuque Bank & Trust Co. increased its stake in shares of Northrop Grumman 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 during the period. Global X Management Co. LLC increased its stake in shares of Northrop Grumman 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 increased its stake in shares of Northrop Grumman 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. 81.80% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Co. (NOC) opened at 272.82 on Wednesday. Northrop Grumman Co. has a 52 week low of $206.69 and a 52 week high of $274.61. The company has a market capitalization of $47.50 billion, a PE ratio of 20.84 and a beta of 0.66. The firm’s 50-day moving average price is $265.68 and its 200 day moving average price is $251.39.

Northrop Grumman (NYSE:NOC) last released 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. Northrop Grumman had a return on equity of 38.58% and a net margin of 8.66%. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the previous year, the company posted $2.85 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts expect that Northrop Grumman Co. will post $12.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 28th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $4.00 annualized dividend and a yield of 1.47%. Northrop Grumman’s dividend payout ratio (DPR) is 30.56%.

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

In other Northrop Grumman 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 sale, the vice president now owns 961 shares in the company, valued at approximately $252,983.25. The transaction 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 sale, 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 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.

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

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