Hugh Johnson Advisors LLC boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 15.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,523 shares of the aerospace company’s stock after purchasing an additional 204 shares during the quarter. Hugh Johnson Advisors LLC’s holdings in Northrop Grumman Corporation were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Personal Financial Services lifted its stake in Northrop Grumman Corporation by 39.0% in the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 121 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in Northrop Grumman Corporation by 28.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 100 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Northrop Grumman Corporation in the 1st quarter worth approximately $108,000. Perigon Wealth Management LLC lifted its stake in Northrop Grumman Corporation by 2.8% in the 1st quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 15 shares in the last quarter. Finally, Global X Management Co. LLC lifted its stake in Northrop Grumman Corporation by 63.3% in the 1st quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 212 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

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Northrop Grumman Corporation (NYSE NOC) traded down 0.35% during trading on Wednesday, hitting $268.01. 127,586 shares of the company traded hands. Northrop Grumman Corporation has a 52 week low of $208.09 and a 52 week high of $274.61. The stock has a market capitalization of $46.66 billion, a PE ratio of 20.47 and a beta of 0.66. The company’s 50 day moving average is $268.20 and its 200-day moving average is $254.50.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.31. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. Northrop Grumman Corporation’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 earnings per share. Analysts predict that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

The firm also recently declared 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. This represents a $4.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, August 24th. Northrop Grumman Corporation’s payout ratio is 30.56%.

In related news, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were 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 of the company’s stock, valued at $252,983.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

NOC has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $309.00 target price on shares of Northrop Grumman Corporation in a research note on Wednesday, August 23rd. Zacks Investment Research lowered shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Deutsche Bank AG reissued a “buy” rating and issued a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. 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 report on Tuesday, August 29th. Finally, BidaskClub raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $269.86.

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.

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

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