TD Asset Management Inc Has $39.67 Million Stock Position in Northrop Grumman Corporation (NYSE:NOC)

TD Asset Management Inc raised its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 35.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,484 shares of the aerospace company's stock after purchasing an additional 20,082 shares during the quarter. TD Asset Management Inc owned approximately 0.05% of Northrop Grumman worth $39,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. HB Wealth Management LLC grew its stake in Northrop Grumman by 11.3% in the first quarter. HB Wealth Management LLC now owns 6,535 shares of the aerospace company's stock valued at $3,346,000 after purchasing an additional 666 shares in the last quarter. Applied Finance Capital Management LLC purchased a new position in Northrop Grumman in the first quarter valued at about $1,136,000. Angeles Wealth Management LLC grew its stake in Northrop Grumman by 15.1% in the first quarter. Angeles Wealth Management LLC now owns 648 shares of the aerospace company's stock valued at $332,000 after purchasing an additional 85 shares in the last quarter. First Heartland Consultants Inc. purchased a new position in Northrop Grumman in the first quarter valued at about $392,000. Finally, Stevens Capital Management LP purchased a new position in Northrop Grumman in the first quarter valued at about $439,000. Hedge funds and other institutional investors own 83.40% of the company's stock.

Insider Transactions at Northrop Grumman

In related news, CEO Kathy J. Warden sold 7,500 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $3,793,275.00. Following the transaction, the chief executive officer directly owned 201,602 shares in the company, valued at $101,964,243.54. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert J. Fleming sold 3,500 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $505.77, for a total value of $1,770,195.00. Following the transaction, the vice president owned 1,827 shares in the company, valued at $924,041.79. This represents a 65.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,569 shares of company stock valued at $8,323,150. 0.23% of the stock is currently owned by insiders.

Northrop Grumman Trading Down 0.2%

Northrop Grumman stock opened at $568.74 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The business's 50-day simple moving average is $503.30 and its 200-day simple moving average is $491.71. The firm has a market capitalization of $81.43 billion, a PE ratio of 20.96, a PEG ratio of 5.40 and a beta of 0.15. Northrop Grumman Corporation has a 52 week low of $426.24 and a 52 week high of $576.86.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.11 EPS for the quarter, topping analysts' consensus estimates of $6.84 by $0.27. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.15 billion. Northrop Grumman had a return on equity of 25.52% and a net margin of 9.74%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.36 earnings per share. Equities research analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.62%. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.06. The ex-dividend date was Monday, June 2nd. Northrop Grumman's payout ratio is currently 34.06%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NOC shares. Royal Bank Of Canada upped their price objective on shares of Northrop Grumman from $600.00 to $625.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on Northrop Grumman from $480.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America boosted their price target on Northrop Grumman from $550.00 to $650.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen cut Northrop Grumman from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, UBS Group reduced their price target on Northrop Grumman from $583.00 to $571.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $569.33.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

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