Northrop Grumman Corporation (NOC) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can boosted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 35.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,061 shares of the aerospace company’s stock after buying an additional 50,975 shares during the period. Great West Life Assurance Co. Can owned 0.11% of Northrop Grumman Corporation worth $50,027,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of NOC. Harbour Capital Advisors LLC purchased a new stake in shares of Northrop Grumman Corporation during the first quarter valued at approximately $108,000. Horan Capital Management purchased a new stake in shares of Northrop Grumman Corporation during the first quarter valued at approximately $115,000. Dubuque Bank & Trust Co. increased its position 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 during the period. Perigon Wealth Management LLC increased its position 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 during the period. Finally, Global X Management Co. LLC increased its position 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 during the period. Institutional investors own 81.80% of the company’s stock.

Northrop Grumman Corporation (NYSE NOC) traded down 0.19% during midday trading on Friday, hitting $267.61. 551,186 shares of the company were exchanged. The stock has a 50 day moving average of $265.37 and a 200-day moving average of $250.80. The stock has a market capitalization of $46.59 billion, a price-to-earnings ratio of 20.44 and a beta of 0.66. Northrop Grumman Corporation has a 1-year low of $206.69 and a 1-year high of $274.61.

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

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

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A number of equities analysts have issued reports on NOC shares. Vertical Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $254.00 to $270.00 in a research note on Wednesday, May 10th. Deutsche Bank AG reiterated a “buy” rating and set a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Argus lifted their price target on Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 4th. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Morgan Stanley started coverage on Northrop Grumman Corporation in a research note on Tuesday, August 8th. They set an “equal weight” rating and a $279.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Northrop Grumman Corporation presently has a consensus rating of “Buy” and a consensus price target of $259.93.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction 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 completion of the transaction, the vice president now directly owns 961 shares of the company’s stock, valued at approximately $252,983.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sid Ashworth sold 3,847 shares of Northrop Grumman Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the transaction, the vice president now directly owns 69,458 shares of the company’s stock, valued at $18,059,080. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

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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