Tower Research Capital LLC TRC purchased a new position in Northrop Grumman Corp. (NYSE:NOC) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,392 shares of the company’s stock, valued at approximately $309,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its position in Northrop Grumman Corp. by 2.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 23,316 shares of the company’s stock worth $4,403,000 after buying an additional 578 shares during the period. Woodley Farra Manion Portfolio Management Inc. increased its stake in Northrop Grumman Corp. by 18.6% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 15,494 shares of the company’s stock valued at $3,066,000 after buying an additional 2,432 shares during the last quarter. Laurel Grove Capital LLC bought a new stake in Northrop Grumman Corp. during the first quarter valued at approximately $425,000. Fox Run Management L.L.C. bought a new stake in Northrop Grumman Corp. during the first quarter valued at approximately $594,000. Finally, Private Trust Co. NA increased its stake in Northrop Grumman Corp. by 69.5% in the first quarter. Private Trust Co. NA now owns 40,199 shares of the company’s stock valued at $7,955,000 after buying an additional 16,485 shares during the last quarter. 82.61% of the stock is owned by hedge funds and other institutional investors.

Shares of Northrop Grumman Corp. (NYSE:NOC) opened at 211.16 on Tuesday. The firm has a market capitalization of $37.71 billion, a price-to-earnings ratio of 19.00 and a beta of 0.73. The company has a 50-day moving average price of $214.69 and a 200 day moving average price of $210.45. Northrop Grumman Corp. has a 1-year low of $161.81 and a 1-year high of $224.12.

Northrop Grumman Corp. (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.53 by $0.32. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $5.99 billion. Northrop Grumman Corp. had a return on equity of 32.59% and a net margin of 8.67%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.54 EPS. On average, equities research analysts predict that Northrop Grumman Corp. will post $11.04 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Monday, August 29th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.70%. The ex-dividend date was Thursday, August 25th. Northrop Grumman Corp.’s dividend payout ratio is presently 32.37%.

Several research firms have recently commented on NOC. Citigroup Inc. increased their price objective on Northrop Grumman Corp. from $235.00 to $243.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Vetr raised Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $224.44 price objective for the company in a report on Monday, June 20th. Wells Fargo & Co. reissued a “hold” rating on shares of Northrop Grumman Corp. in a report on Monday, May 23rd. Zacks Investment Research downgraded Northrop Grumman Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. downgraded Northrop Grumman Corp. from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $225.00 to $231.00 in a report on Thursday, August 25th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $221.72.

In other Northrop Grumman Corp. news, VP Christopher T. Jones sold 240 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $222.50, for a total value of $53,400.00. Following the completion of the sale, the vice president now owns 48,260 shares in the company, valued at approximately $10,737,850. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Wesley G. Bush sold 35,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $218.45, for a total value of $7,645,750.00. Following the completion of the sale, the chief executive officer now owns 35,000 shares of the company’s stock, valued at approximately $7,645,750. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

About Northrop Grumman Corp.

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

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