Comerica Securities Inc. Has $262,000 Holdings in Northrop Grumman Corporation (NOC)

Comerica Securities Inc. lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,019 shares of the aerospace company’s stock after selling 30 shares during the quarter. Comerica Securities Inc.’s holdings in Northrop Grumman Corporation were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Harbour Capital Advisors LLC acquired a new stake in shares of Northrop Grumman Corporation in the first quarter valued at approximately $108,000. First Personal Financial Services increased its stake in shares of Northrop Grumman Corporation by 39.0% in the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 121 shares during the period. Pittenger & Anderson Inc. increased its stake in shares of Northrop Grumman Corporation by 28.6% in the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 100 shares during the period. Global X Management Co. LLC increased its stake in shares of 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 valued at $130,000 after purchasing an additional 212 shares during the period. Finally, Perigon Wealth Management LLC increased its stake in shares of Northrop Grumman Corporation by 2.8% in the first quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock valued at $130,000 after purchasing an additional 15 shares during the period. Institutional investors own 81.52% of the company’s stock.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the business’s 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 directly owns 961 shares of the company’s stock, valued at $252,983.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

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Shares of Northrop Grumman Corporation (NYSE:NOC) opened at 267.03 on Friday. The company’s 50-day moving average is $268.61 and its 200-day moving average is $254.97. Northrop Grumman Corporation has a one year low of $210.60 and a one year high of $274.61. The company has a market capitalization of $46.49 billion, a PE ratio of 20.40 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the previous year, the firm posted $2.85 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio is presently 30.56%.

Several equities research analysts have commented on NOC shares. Stifel Nicolaus restated a “hold” rating and issued a $255.00 price target (up previously from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and issued a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Jefferies Group LLC restated a “hold” rating and issued a $243.00 price target on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Finally, 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 note on Tuesday, August 29th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Northrop Grumman Corporation has a consensus rating of “Buy” and a consensus target price of $269.43.

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.

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

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