TD Asset Management Inc. boosted its position in shares of Northrop Grumman Corp. (NYSE:NOC) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,302 shares of the company’s stock after buying an additional 7,999 shares during the period. TD Asset Management Inc.’s holdings in Northrop Grumman Corp. were worth $28,948,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its position in shares of Northrop Grumman Corp. by 0.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 827 shares of the company’s stock worth $184,000 after buying an additional 4 shares during the last quarter. Trust Co raised its position in shares of Northrop Grumman Corp. by 9.4% in the first quarter. Trust Co now owns 7,849 shares of the company’s stock worth $1,554,000 after buying an additional 672 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Northrop Grumman Corp. by 0.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 157,586 shares of the company’s stock worth $35,028,000 after buying an additional 1,226 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of Northrop Grumman Corp. by 6.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 46,710 shares of the company’s stock worth $10,383,000 after buying an additional 2,655 shares during the last quarter. Finally, CHICAGO TRUST Co NA raised its position in shares of Northrop Grumman Corp. by 15.8% in the second quarter. CHICAGO TRUST Co NA now owns 5,556 shares of the company’s stock worth $1,235,000 after buying an additional 756 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

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

Shares of Northrop Grumman Corp. (NYSE:NOC) traded up 0.82% during trading on Tuesday, reaching $250.99. 111,387 shares of the company traded hands. The company has a market capitalization of $44.24 billion, a price-to-earnings ratio of 21.42 and a beta of 0.66. Northrop Grumman Corp. has a 52 week low of $175.00 and a 52 week high of $253.09. The firm’s 50 day moving average price is $231.40 and its 200-day moving average price is $219.89.

Northrop Grumman Corp. (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.54. Northrop Grumman Corp. had a net margin of 8.96% and a return on equity of 34.10%. The company earned $6.20 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same quarter in the prior year, the company earned $2.75 EPS. Northrop Grumman Corp.’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Northrop Grumman Corp. will post $11.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $3.60 annualized dividend and a dividend yield of 1.45%. Northrop Grumman Corp.’s dividend payout ratio (DPR) is 30.72%.

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A number of research analysts have recently weighed in on the company. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Northrop Grumman Corp. in a report on Monday, November 14th. Vetr raised shares of Northrop Grumman Corp. from a “sell” rating to a “hold” rating and set a $251.18 price target for the company in a report on Thursday, November 10th. Barclays PLC raised shares of Northrop Grumman Corp. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $230.00 to $270.00 in a report on Thursday, November 10th. Jefferies Group reaffirmed a “buy” rating and issued a $260.00 price target (up previously from $250.00) on shares of Northrop Grumman Corp. in a report on Friday, October 28th. Finally, Vertical Research assumed coverage on shares of Northrop Grumman Corp. in a report on Friday, October 28th. They issued a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $236.16.

In other news, CFO Kenneth L. Bedingfield sold 125 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $212.20, for a total value of $26,525.00. Following the completion of the sale, the chief financial officer now owns 18,626 shares of the company’s stock, valued at approximately $3,952,437.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Wesley G. Bush sold 35,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $228.37, for a total transaction of $7,992,950.00. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Northrop Grumman Corp. Company Profile

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

5 Day Chart for NYSE:NOC

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