Arete Wealth Advisors LLC bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 951 shares of the aerospace company’s stock, valued at approximately $244,000.

Other hedge funds also recently bought and sold shares of the company. Harbour Capital Advisors LLC bought a new stake in Northrop Grumman Corporation in the first quarter valued at $108,000. Hanseatic Management Services Inc. lifted its stake in Northrop Grumman Corporation by 12.8% in the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after buying an additional 48 shares during the last quarter. First Personal Financial Services lifted its stake in Northrop Grumman Corporation by 39.0% in the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after buying an additional 121 shares during the last quarter. Pittenger & Anderson Inc. lifted its stake in Northrop Grumman Corporation by 28.6% in the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after buying an additional 100 shares during the last quarter. Finally, Global X Management Co. LLC lifted its stake in Northrop Grumman Corporation by 63.3% in the first quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock valued at $130,000 after buying an additional 212 shares during the last quarter. Institutional investors own 81.37% of the company’s stock.

In related news, VP Lisa R. Davis sold 367 shares of the stock in a transaction dated Tuesday, August 1st. The stock was 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 in the company, valued at $252,983.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Shares of Northrop Grumman Corporation (NYSE NOC) traded up 1.09% during midday trading on Friday, reaching $287.72. 618,558 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $269.39 and its 200 day moving average price is $255.59. Northrop Grumman Corporation has a 52-week low of $210.60 and a 52-week high of $287.81. The firm has a market capitalization of $50.09 billion, a P/E ratio of 21.98 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last released 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. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research 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 was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio is currently 30.56%.

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NOC has been the topic of a number of recent analyst reports. Argus lifted their price objective 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. Stifel Nicolaus restated a “hold” rating and set a $255.00 price objective (up from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and set a $243.00 price objective on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Vertical Research restated a “buy” rating and set a $296.00 price objective (up from $280.00) on shares of Northrop Grumman Corporation in a research note on Wednesday, September 20th. Finally, Zacks Investment Research cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Seven 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $272.01.

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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