Airain ltd lowered its stake in Northrop Grumman Corporation (NYSE:NOC) by 42.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,796 shares of the aerospace company’s stock after selling 12,167 shares during the period. Airain ltd’s holdings in Northrop Grumman Corporation were worth $4,312,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in 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 during the last quarter. Concert Wealth Management Inc. boosted its stake in shares of 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 during the period. Dubuque Bank & Trust Co. boosted its stake in shares of 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 during the period. Argent Trust Co boosted its stake in shares of 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 during the period. Finally, Wetherby Asset Management Inc. boosted its stake in shares of 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 during the period. Institutional investors own 81.52% of the company’s stock.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at 269.33 on Monday. Northrop Grumman Corporation has a 52-week low of $206.69 and a 52-week high of $274.61. The firm has a market cap of $46.89 billion, a PE ratio of 20.57 and a beta of 0.66. The stock has a 50 day moving average price of $266.76 and a 200-day moving average price of $252.21.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The business 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 business posted $2.85 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

The firm also recently declared 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 is Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.

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Several brokerages have issued reports on NOC. Argus increased their target price 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $255.00 target price (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $243.00 target price on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Vertical Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and increased their target price for the company from $254.00 to $270.00 in a research report on Wednesday, May 10th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $275.00 target price on shares of Northrop Grumman Corporation in a research report on Thursday. Six equities 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $265.51.

In other news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the transaction, the vice president now directly owns 961 shares of the company’s stock, valued at approximately $252,983.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sid Ashworth sold 3,847 shares of Northrop Grumman Corporation stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the completion of the transaction, the vice president now directly owns 69,458 shares of the company’s stock, valued at $18,059,080. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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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