Bank of Nova Scotia boosted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 136.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,378 shares of the aerospace company’s stock after buying an additional 54,405 shares during the quarter. Bank of Nova Scotia owned 0.05% of Northrop Grumman Corporation worth $24,228,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Hanseatic Management Services Inc. raised its position in Northrop Grumman Corporation by 12.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after buying an additional 48 shares during the last quarter. First Personal Financial Services raised its position in Northrop Grumman Corporation by 39.0% in the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after buying an additional 121 shares during the last quarter. Pittenger & Anderson Inc. raised its position in Northrop Grumman Corporation by 28.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after buying an additional 100 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in Northrop Grumman Corporation in the 1st quarter worth about $108,000. Finally, People s United Financial Inc. raised its position in Northrop Grumman Corporation by 9.2% in the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after buying an additional 40 shares during the last quarter. 81.37% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on NOC shares. Zacks Investment Research lowered Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and issued a $309.00 target price on shares of Northrop Grumman Corporation in a research report on Wednesday, August 23rd. Deutsche Bank AG reaffirmed a “buy” rating and set a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Royal Bank Of Canada set a $294.00 price target on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $269.00 price target on shares of Northrop Grumman Corporation in a research report on Friday, September 29th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Northrop Grumman Corporation currently has an average rating of “Buy” and a consensus price target of $276.72.
Northrop Grumman Corporation (NYSE:NOC) remained flat at $293.33 during midday trading on Wednesday. The company had a trading volume of 83,332 shares. The company has a market cap of $51.08 billion, a PE ratio of 22.41 and a beta of 0.68. The firm’s 50-day moving average price is $277.27 and its 200-day moving average price is $260.51. Northrop Grumman Corporation has a 12 month low of $214.59 and a 12 month high of $294.98.
Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.31. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 earnings per share. Equities analysts predict that Northrop Grumman Corporation will post $12.55 EPS for the current year.
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.
In other news, VP Lisa R. Davis sold 367 shares of the business’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 sale, the vice president now directly owns 961 shares in the company, valued at $252,983.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by 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.
Receive News & Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.