Keybank National Association OH decreased its stake in Northrop Grumman Corporation (NYSE:NOC) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 61,719 shares of the aerospace company’s stock after selling 2,714 shares during the period. Keybank National Association OH’s holdings in Northrop Grumman Corporation were worth $15,844,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Northrop Grumman Corporation by 2,871.7% in the first quarter. BlackRock Inc. now owns 12,775,397 shares of the aerospace company’s stock valued at $3,038,501,000 after buying an additional 12,345,491 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Northrop Grumman Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 12,764,239 shares of the aerospace company’s stock valued at $3,035,847,000 after buying an additional 531,824 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Northrop Grumman Corporation by 5.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock valued at $1,098,335,000 after buying an additional 239,260 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Northrop Grumman Corporation by 64.6% in the first quarter. Alliancebernstein L.P. now owns 3,149,678 shares of the aerospace company’s stock valued at $749,119,000 after buying an additional 1,235,985 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Northrop Grumman Corporation by 4.8% in the first quarter. Wellington Management Group LLP now owns 2,878,724 shares of the aerospace company’s stock valued at $684,676,000 after buying an additional 131,008 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at 270.72 on Wednesday. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month high of $274.61. The company has a market cap of $47.13 billion, a PE ratio of 20.68 and a beta of 0.66. The stock’s 50 day moving average price is $266.76 and its 200-day moving average price is $252.21.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $6.21 billion. During the same period last year, the company earned $2.85 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Northrop Grumman Corporation will post $12.55 earnings per share for the current 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 given 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 1.48%. Northrop Grumman Corporation’s dividend payout ratio is presently 30.56%.

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NOC has been the topic of several research analyst reports. Stifel Nicolaus reaffirmed 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 reaffirmed 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. BidaskClub raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $243.00 price target on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 price target on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Tuesday. Six investment 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’s stock. The company presently has a consensus rating of “Buy” and an average target price of $267.36.

In related news, VP Sid Ashworth sold 3,847 shares of Northrop Grumman Corporation stock in a transaction that occurred on 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 sale, the vice president now directly owns 69,458 shares in the company, valued at approximately $18,059,080. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

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.

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

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