Neuberger Berman Group LLC lessened its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 23.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,159 shares of the aerospace company’s stock after selling 2,732 shares during the period. Neuberger Berman Group LLC’s holdings in Northrop Grumman Corporation were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Northrop Grumman Corporation by 0.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the aerospace company’s stock worth $199,000 after buying an additional 3 shares during the last quarter. Concert Wealth Management Inc. increased its holdings in shares of Northrop Grumman Corporation by 0.7% in the 1st quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock worth $252,000 after buying an additional 8 shares during the last quarter. Argent Trust Co increased its holdings in shares of Northrop Grumman Corporation by 0.7% in the 1st quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock worth $401,000 after buying an additional 11 shares during the last quarter. Bank of Stockton increased its holdings in shares of Northrop Grumman Corporation by 0.9% in the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock worth $332,000 after buying an additional 12 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in shares of Northrop Grumman Corporation by 1.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock worth $338,000 after buying an additional 13 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Northrop Grumman Corporation (NYSE:NOC) opened at 265.82 on Friday. Northrop Grumman Corporation has a 52 week low of $210.60 and a 52 week high of $274.61. The stock has a 50 day moving average of $268.43 and a 200-day moving average of $254.84. The stock has a market cap of $46.28 billion, a PE ratio of 20.31 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping the 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 in the previous year, the business posted $2.85 earnings per share. Northrop Grumman Corporation’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.

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

NOC has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and issued a $309.00 price target on shares of Northrop Grumman Corporation in a report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Deutsche Bank AG reissued a “buy” rating and issued a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Royal Bank Of Canada set a $294.00 price target on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, BidaskClub raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Northrop Grumman Corporation presently has a consensus rating of “Buy” and an average price target of $269.43.

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In related news, VP Lisa R. Davis sold 367 shares of the business’s 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 sale, the vice president now owns 961 shares in the company, valued at $252,983.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

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.

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

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