Capital International Investors grew its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,758,501 shares of the aerospace company’s stock after buying an additional 124,500 shares during the period. Capital International Investors owned approximately 1.01% of Northrop Grumman Corporation worth $451,425,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Concert Wealth Management Inc. increased its stake in shares of Northrop Grumman Corporation by 0.7% in the 1st quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock valued at $252,000 after acquiring an additional 8 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of Northrop Grumman Corporation by 1.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock valued at $208,000 after acquiring an additional 10 shares during the period. Argent Trust Co lifted its position in shares of Northrop Grumman Corporation by 0.7% during the 1st quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock valued at $401,000 after acquiring an additional 11 shares during the period. Bank of Stockton lifted its position in shares of Northrop Grumman Corporation by 0.9% during the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock valued at $332,000 after acquiring an additional 12 shares during the period. Finally, Eqis Capital Management Inc. lifted its position in shares of Northrop Grumman Corporation by 1.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock valued at $338,000 after acquiring an additional 13 shares during the period. Hedge funds and other institutional investors own 81.37% of the company’s stock.

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Northrop Grumman Corporation (NYSE:NOC) traded down 0.050% on Monday, hitting $287.575. The stock had a trading volume of 153,135 shares. The company has a market cap of $50.07 billion, a P/E ratio of 21.967 and a beta of 0.68. The stock has a 50 day moving average price of $269.39 and a 200 day moving average price of $255.59. Northrop Grumman Corporation has a 1-year low of $210.60 and a 1-year high of $288.76.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $6.21 billion. During the same quarter in the prior year, the company earned $2.85 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 28th were paid a $1.00 dividend. The ex-dividend date was Thursday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 1.39%. Northrop Grumman Corporation’s payout ratio is currently 30.56%.

A number of equities research analysts have commented on the stock. Morgan Stanley started coverage on shares of Northrop Grumman Corporation in a report on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 price target for the company. 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 set a $269.00 price objective on shares of Northrop Grumman Corporation in a report on Friday. Argus increased their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Vertical Research reissued a “buy” rating and set a $296.00 price objective (up previously from $280.00) on shares of Northrop Grumman Corporation in a research report on Wednesday, September 20th. 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 a consensus rating of “Buy” and a consensus price target of $273.86.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction 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 completion of the transaction, the vice president now owns 961 shares in the company, valued at $252,983.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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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