Pathstone Family Office LLC Has $2,310,000 Stake in Northrop Grumman Corporation (NOC)
Pathstone Family Office LLC continued to hold its stake in Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9 shares of the aerospace company’s stock at the end of the 2nd quarter. Pathstone Family Office LLC’s holdings in Northrop Grumman Corporation were worth $2,310,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services grew its holdings 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 acquiring an additional 121 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in shares of Northrop Grumman Corporation by 28.6% during the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 100 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Northrop Grumman Corporation during the 1st quarter valued at about $108,000. Perigon Wealth Management LLC boosted its stake in shares of Northrop Grumman Corporation by 2.8% during the 1st quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock valued at $130,000 after purchasing an additional 15 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of Northrop Grumman Corporation by 63.3% during the 1st quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock valued at $130,000 after purchasing an additional 212 shares in the last quarter. 81.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Northrop Grumman Corporation (NYSE NOC) traded up 1.07% during mid-day trading on Tuesday, reaching $278.93. 462,500 shares of the company traded hands. The firm has a market capitalization of $48.56 billion, a price-to-earnings ratio of 21.31 and a beta of 0.66. The firm has a 50-day moving average price of $268.95 and a 200 day moving average price of $255.33. Northrop Grumman Corporation has a 52 week low of $210.60 and a 52 week high of $279.29.
Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.31. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.85 EPS. On average, analysts anticipate that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio (DPR) is 30.56%.
A number of brokerages have recently weighed in on NOC. Morgan Stanley began coverage on shares of Northrop Grumman Corporation in a research note on Tuesday, August 8th. They set an “equal weight” rating and a $279.00 target price on the stock. BidaskClub raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research lowered shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Argus lifted their target price on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $309.00 target price on shares of Northrop Grumman Corporation in a research note on Wednesday, August 23rd. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $269.43.
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In other news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction that occurred 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 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 legal filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by 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.
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