Northrop Grumman Corporation (NOC) Shares Sold by Garcia Hamilton & Associates LP DE

Garcia Hamilton & Associates LP DE trimmed its holdings in Northrop Grumman Corporation (NYSE:NOC) by 40.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,799 shares of the aerospace company’s stock after selling 2,597 shares during the period. Northrop Grumman Corporation comprises about 1.3% of Garcia Hamilton & Associates LP DE’s investment portfolio, making the stock its 19th largest holding. Garcia Hamilton & Associates LP DE’s holdings in Northrop Grumman Corporation were worth $975,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Hanseatic Management Services Inc. boosted its position in shares of Northrop Grumman Corporation by 12.8% during the second 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 period. First Personal Financial Services boosted its position in shares of Northrop Grumman Corporation by 39.0% during the second 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 period. Pittenger & Anderson Inc. boosted its position in shares of Northrop Grumman Corporation by 28.6% during the second 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 period. Harbour Capital Advisors LLC acquired a new position in shares of Northrop Grumman Corporation during the first quarter worth about $108,000. Finally, People s United Financial Inc. boosted its position in shares of Northrop Grumman Corporation by 9.2% during the second 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 period. 81.37% of the stock is owned by hedge funds and other institutional investors.

In related 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 sale, the vice president now owns 961 shares of the company’s stock, valued at approximately $252,983.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

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Shares of Northrop Grumman Corporation (NYSE:NOC) traded up 0.84% during trading on Thursday, hitting $297.68. The stock had a trading volume of 265,999 shares. The company’s 50 day moving average price is $277.91 and its 200 day moving average price is $260.76. The company has a market capitalization of $51.82 billion, a price-to-earnings ratio of 22.74 and a beta of 0.68. Northrop Grumman Corporation has a 52 week low of $214.59 and a 52 week high of $297.88.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 28th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.36%. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.

Several research analysts have recently weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $325.00 price objective (up from $285.00) on shares of Northrop Grumman Corporation in a research report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $269.00 price objective on shares of Northrop Grumman Corporation in a research report on Friday, September 29th. Zacks Investment Research cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $255.00 price objective on shares of Northrop Grumman Corporation in a research report on Thursday, September 21st. Finally, Vertical Research reaffirmed a “buy” rating and set a $296.00 price objective (up from $280.00) on shares of Northrop Grumman Corporation in a research report on Wednesday, September 20th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Northrop Grumman Corporation currently has a consensus rating of “Buy” and a consensus price target of $276.72.

Northrop Grumman Corporation 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.

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

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