Hancock Holding Co. lowered its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,430 shares of the aerospace company’s stock after selling 995 shares during the quarter. Northrop Grumman Corporation makes up approximately 0.7% of Hancock Holding Co.’s holdings, making the stock its 20th biggest holding. Hancock Holding Co.’s holdings in Northrop Grumman Corporation were worth $15,513,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC increased its position in shares of Northrop Grumman Corporation by 25.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock worth $319,707,000 after purchasing an additional 256,200 shares in the last quarter. TLP Group LLC acquired a new stake in shares of Northrop Grumman Corporation during the 2nd quarter worth about $263,000. Baker Avenue Asset Management LP increased its position in shares of Northrop Grumman Corporation by 1.8% during the 2nd quarter. Baker Avenue Asset Management LP now owns 13,797 shares of the aerospace company’s stock worth $3,542,000 after purchasing an additional 240 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Northrop Grumman Corporation by 42.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 634,458 shares of the aerospace company’s stock worth $162,872,000 after purchasing an additional 188,471 shares in the last quarter. Finally, Marco Investment Management LLC increased its position in shares of Northrop Grumman Corporation by 70.0% during the 2nd quarter. Marco Investment Management LLC now owns 6,920 shares of the aerospace company’s stock worth $1,776,000 after purchasing an additional 2,850 shares in the last quarter. Institutional investors and hedge funds own 81.37% of the company’s stock.

Shares of Northrop Grumman Corporation (NOC) traded up 0.40% on Friday, hitting $281.55. 641,272 shares of the stock traded hands. The stock has a market cap of $49.02 billion, a PE ratio of 21.51 and a beta of 0.66. Northrop Grumman Corporation has a 1-year low of $210.60 and a 1-year high of $282.93. The stock has a 50 day moving average of $269.39 and a 200-day moving average of $255.59.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The firm’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 year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio is currently 30.56%.

A number of equities research analysts recently issued reports on NOC shares. Deutsche Bank AG reiterated a “buy” rating and set a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Argus increased their target price 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. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Royal Bank Of Canada set a $294.00 price objective on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price objective for the company in a research report on Tuesday, September 5th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $272.01.

In other news, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the transaction, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

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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.

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

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