Alps Advisors Inc. raised its position in Northrop Grumman Co. (NYSE:NOC) by 200.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,643 shares of the aerospace company’s stock after purchasing an additional 1,764 shares during the quarter. Alps Advisors Inc.’s holdings in Northrop Grumman were worth $811,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Northrop Grumman by 4.5% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,181 shares of the aerospace company’s stock valued at $3,748,000 after purchasing an additional 522 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Northrop Grumman by 38.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 90,000 shares of the aerospace company’s stock valued at $27,693,000 after purchasing an additional 25,000 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in Northrop Grumman by 560.7% in the 2nd quarter. Dupont Capital Management Corp now owns 9,990 shares of the aerospace company’s stock valued at $3,074,000 after purchasing an additional 8,478 shares during the last quarter. BP PLC boosted its holdings in Northrop Grumman by 10.8% in the 2nd quarter. BP PLC now owns 20,500 shares of the aerospace company’s stock valued at $6,309,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Northrop Grumman by 0.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,102,561 shares of the aerospace company’s stock valued at $1,262,358,000 after purchasing an additional 14,085 shares during the last quarter. Institutional investors own 82.16% of the company’s stock.

In related news, CFO Kenneth L. Bedingfield sold 1,442 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $300.00, for a total transaction of $432,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David T. Perry sold 4,425 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $300.27, for a total transaction of $1,328,694.75. Following the sale, the vice president now directly owns 28,112 shares in the company, valued at $8,441,190.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,867 shares of company stock worth $7,719,495. 0.62% of the stock is owned by insiders.

Several equities analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Northrop Grumman to $431.00 and gave the company an “outperform” rating in a report on Friday, May 18th. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $379.00 target price on the stock in a report on Monday, June 11th. Credit Suisse Group boosted their target price on shares of Northrop Grumman from $326.00 to $341.00 and gave the company a “neutral” rating in a report on Wednesday, June 27th. Stifel Nicolaus restated a “hold” rating and issued a $300.00 price objective on shares of Northrop Grumman in a report on Thursday, July 26th. Finally, Goldman Sachs Group decreased their price objective on shares of Northrop Grumman to $414.00 and set a “conviction-buy” rating on the stock in a report on Thursday, July 26th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $362.16.

Shares of NOC stock opened at $294.39 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 1.75. Northrop Grumman Co. has a one year low of $264.35 and a one year high of $360.88. The company has a market capitalization of $50.73 billion, a PE ratio of 22.17, a P/E/G ratio of 1.54 and a beta of 0.68.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 25th. The aerospace company reported $3.93 EPS for the quarter, topping the consensus estimate of $3.84 by $0.09. Northrop Grumman had a net margin of 8.33% and a return on equity of 34.88%. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the prior year, the business posted $3.16 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities analysts expect that Northrop Grumman Co. will post 16.82 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Monday, August 27th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, August 24th. This represents a $4.80 annualized dividend and a dividend yield of 1.63%. Northrop Grumman’s dividend payout ratio is currently 36.14%.

Northrop Grumman Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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

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