Northrop Grumman Corporation (NOC) Shares Bought by Creative Planning

Creative Planning raised its position in Northrop Grumman Corporation (NYSE:NOC) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,044 shares of the aerospace company’s stock after buying an additional 236 shares during the period. Creative Planning’s holdings in Northrop Grumman Corporation were worth $4,375,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Harbour Capital Advisors LLC acquired a new stake in Northrop Grumman Corporation during the first quarter worth $108,000. Horan Capital Management acquired a new stake in Northrop Grumman Corporation during the first quarter worth $115,000. Dubuque Bank & Trust Co. increased its stake in 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 in the last quarter. Global X Management Co. LLC increased its stake in Northrop Grumman Corporation by 63.3% in the first quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock worth $130,000 after buying an additional 212 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its stake in Northrop Grumman Corporation by 2.8% in the first quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 81.80% of the company’s stock.

Northrop Grumman Corporation (NOC) opened at 267.61 on Friday. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month high of $274.61. The company has a 50 day moving average price of $265.37 and a 200-day moving average price of $250.80. The company has a market capitalization of $46.59 billion, a PE ratio of 20.44 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.31. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. Northrop Grumman Corporation’s 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 anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 28th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.

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A number of equities research analysts have weighed in on the stock. Argus lifted their price target on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Morgan Stanley assumed coverage on Northrop Grumman Corporation in a report on Tuesday, August 8th. They set an “equal weight” rating and a $279.00 price objective for the company. BidaskClub cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Vertical Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $254.00 to $270.00 in a report on Wednesday, May 10th. Finally, Cowen and Company reissued a “hold” rating and set a $275.00 price objective on shares of Northrop Grumman Corporation in a report on Monday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $259.93.

In other Northrop Grumman Corporation news, VP Sid Ashworth sold 3,847 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total value of $1,000,220.00. Following the completion of the transaction, the vice president now directly owns 69,458 shares in the company, valued at $18,059,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lisa R. Davis sold 367 shares of the stock in a transaction dated Tuesday, August 1st. The shares were 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 disclosure for this sale can be found here. 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.

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

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