Concert Wealth Management Inc. boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,083 shares of the aerospace company’s stock after buying an additional 8 shares during the period. Concert Wealth Management Inc.’s holdings in Northrop Grumman Corporation were worth $252,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NOC. Horan Capital Management purchased a new stake in shares of Northrop Grumman Corporation during the first quarter worth $115,000. Dubuque Bank & Trust Co. raised its stake in shares of Northrop Grumman Corporation by 1.8% in the first quarter. Dubuque Bank & Trust Co. now owns 501 shares of the aerospace company’s stock worth $119,000 after buying an additional 9 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of Northrop Grumman Corporation by 6.8% in the fourth quarter. Perigon Wealth Management LLC now owns 531 shares of the aerospace company’s stock worth $129,000 after buying an additional 34 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Northrop Grumman Corporation by 12.4% in the first quarter. Quadrant Capital Group LLC now owns 590 shares of the aerospace company’s stock worth $132,000 after buying an additional 65 shares during the last quarter. Finally, Portfolio Solutions LLC purchased a new stake in shares of Northrop Grumman Corporation during the first quarter worth $141,000. Institutional investors and hedge funds own 82.31% of the company’s stock.

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

Northrop Grumman Corporation (NYSE NOC) opened at 257.40 on Friday. The stock has a market capitalization of $44.93 billion, a P/E ratio of 20.14 and a beta of 0.69. The company has a 50 day moving average of $252.93 and a 200-day moving average of $241.98. Northrop Grumman Corporation has a 52-week low of $206.69 and a 52-week high of $262.59.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings results on Wednesday, April 26th. The aerospace company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.73. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 38.20%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.03 earnings per share. Equities research analysts anticipate that Northrop Grumman Corporation will post $12.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Monday, June 5th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This is a boost from Northrop Grumman Corporation’s previous quarterly dividend of $0.90. This represents a $4.00 annualized dividend and a yield of 1.55%. Northrop Grumman Corporation’s dividend payout ratio is currently 31.27%.

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NOC has been the topic of a number of analyst reports. Vertical Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and raised their price objective for the company from $254.00 to $270.00 in a report on Wednesday, May 10th. Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 price objective on the stock in a report on Thursday, April 13th. Vetr upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $253.00 price objective on the stock in a report on Thursday, March 2nd. Jefferies Group LLC restated a “hold” rating and issued a $243.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday. Finally, Citigroup Inc. lowered shares of Northrop Grumman Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $253.80 to $185.08 in a report on Wednesday, March 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $251.51.

In related news, VP Christopher T. Jones sold 240 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $237.58, for a total value of $57,019.20. Following the sale, the vice president now directly owns 61,686 shares of the company’s stock, valued at $14,655,359.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Wesley G. Bush sold 33,976 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $244.74, for a total transaction of $8,315,286.24. Following the completion of the sale, the chief executive officer now directly owns 1 shares in the company, valued at $244.74. The disclosure for this sale can be found here. Insiders sold 67,894 shares of company stock worth $16,830,275 over the last ninety days. 0.70% of the stock is currently owned by corporate 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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