Marble Harbor Investment Counsel LLC maintained its stake in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,106 shares of the aerospace company’s stock at the end of the second quarter. Marble Harbor Investment Counsel LLC’s holdings in Northrop Grumman Corporation were worth $797,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in 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 worth $3,038,501,000 after buying an additional 12,345,491 shares during the period. Vanguard Group Inc. increased its stake in 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 worth $3,035,847,000 after buying an additional 531,824 shares during the period. Massachusetts Financial Services Co. MA increased its stake in 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 worth $1,098,335,000 after buying an additional 239,260 shares during the period. Alliancebernstein L.P. increased its stake in 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 worth $749,119,000 after buying an additional 1,235,985 shares during the period. Finally, Wellington Management Group LLP increased its stake in 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 worth $684,676,000 after buying an additional 131,008 shares during the period. Institutional investors own 81.52% of the company’s stock.

Northrop Grumman Corporation (NYSE:NOC) traded up 0.01% on Thursday, hitting $271.05. 31,179 shares of the stock traded hands. The stock has a market capitalization of $47.19 billion, a P/E ratio of 20.71 and a beta of 0.66. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month high of $274.61. The company’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 issued its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping 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 company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. Northrop Grumman Corporation’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts predict that Northrop Grumman Corporation will post $12.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 28th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.48%. 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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NOC has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $285.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $243.00 target price on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 target price on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Northrop Grumman Corporation currently has a consensus rating of “Buy” and a consensus price target of $267.36.

In related 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 value of $96,612.75. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Sid Ashworth sold 3,847 shares of the stock in a transaction on 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 completion of the sale, 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. Corporate insiders own 0.70% of the company’s stock.

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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