Strategy Asset Managers LLC trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,940 shares of the aerospace company’s stock after selling 403 shares during the quarter. Strategy Asset Managers LLC’s holdings in Northrop Grumman Corporation were worth $4,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Salem Investment Counselors Inc. increased its position in shares of Northrop Grumman Corporation by 1.2% during the second quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after acquiring an additional 10 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Northrop Grumman Corporation by 0.8% during the second quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after acquiring an additional 10 shares in the last quarter. Bank of Stockton increased its position in shares of Northrop Grumman Corporation by 0.9% during the second quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock worth $332,000 after acquiring an additional 12 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Northrop Grumman Corporation by 1.0% during the second quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock worth $338,000 after acquiring an additional 13 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its position in shares of Northrop Grumman Corporation by 2.8% during the first quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after acquiring an additional 15 shares in the last quarter. 81.93% of the stock is currently owned by hedge funds and other institutional investors.

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Northrop Grumman Corporation (NYSE NOC) traded down $1.01 during midday trading on Monday, hitting $298.13. 391,800 shares of the stock traded hands, compared to its average volume of 779,492. Northrop Grumman Corporation has a 12-month low of $220.72 and a 12-month high of $306.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21. The company has a market cap of $51,960.00, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the business posted $3.35 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. equities analysts forecast that Northrop Grumman Corporation will post 13.2 EPS for the current fiscal year.

In other news, VP Denise M. Peppard sold 2,328 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $300.86, for a total value of $700,402.08. Following the completion of the sale, the vice president now owns 28,553 shares in the company, valued at approximately $8,590,455.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Denise M. Peppard sold 5,037 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the completion of the sale, the vice president now owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,676 shares of company stock valued at $4,070,370. Company insiders own 0.70% of the company’s stock.

Several brokerages have recently issued reports on NOC. Zacks Investment Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $309.00 price objective for the company in a research report on Wednesday, September 20th. Deutsche Bank AG reiterated a “buy” rating and set a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman Corporation in a research report on Monday, October 2nd. Argus boosted their target price on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Morgan Stanley began coverage on shares of Northrop Grumman Corporation in a research report on Tuesday, August 8th. They set an “equal weight” rating and a $279.00 target price on the stock. Finally, Royal Bank Of Canada boosted their target price on shares of Northrop Grumman Corporation from $324.00 to $347.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $292.01.

About Northrop Grumman Corporation

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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