TT International continued to hold its position in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,096 shares of the aerospace company’s stock at the end of the second quarter. TT International’s holdings in Northrop Grumman Corporation were worth $1,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concert Wealth Management Inc. increased its holdings in Northrop Grumman Corporation by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock valued at $252,000 after buying an additional 8 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in Northrop Grumman Corporation by 1.2% in the second quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock valued at $208,000 after buying an additional 10 shares in the last quarter. Argent Trust Co increased its holdings in Northrop Grumman Corporation by 0.7% in the first quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock valued at $401,000 after buying an additional 11 shares in the last quarter. Bank of Stockton increased its holdings in Northrop Grumman Corporation by 0.9% in the second quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock valued at $332,000 after buying an additional 12 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in Northrop Grumman Corporation by 1.0% in the second quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock valued at $338,000 after buying an additional 13 shares in the last quarter. 81.37% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Corporation (NOC) traded up 0.22% during mid-day trading on Friday, hitting $293.33. 381,961 shares of the stock traded hands. Northrop Grumman Corporation has a 12-month low of $214.59 and a 12-month high of $293.38. The stock has a 50 day moving average price of $275.79 and a 200 day moving average price of $259.43. The firm has a market cap of $51.07 billion, a PE ratio of 22.41 and a beta of 0.68.

Northrop Grumman Corporation (NYSE:NOC) last released its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.31. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $2.85 earnings per share. On average, analysts expect that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio (DPR) is currently 30.56%.

A number of research analysts have issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $325.00 target price (up from $285.00) on shares of Northrop Grumman Corporation in a report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $269.00 target price on shares of Northrop Grumman Corporation in a report on Friday, September 29th. Zacks Investment Research cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $255.00 target price on shares of Northrop Grumman Corporation in a report on Thursday, September 21st. Finally, Vertical Research reaffirmed a “buy” rating and issued a $296.00 target price (up from $280.00) on shares of Northrop Grumman Corporation in a report on Wednesday, September 20th. Seven investment 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. The stock currently has an average rating of “Buy” and a consensus price target of $276.72.

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

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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