First Eagle Investment Management LLC bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 688,608 shares of the aerospace company’s stock, valued at approximately $198,126,000. First Eagle Investment Management LLC owned 0.40% of Northrop Grumman Corporation at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Northrop Grumman Corporation by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock worth $3,326,168,000 after acquiring an additional 192,667 shares during the period. BlackRock Inc. boosted its stake in shares of Northrop Grumman Corporation by 0.9% during the 2nd quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock worth $3,307,687,000 after acquiring an additional 109,532 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Northrop Grumman Corporation by 4.8% during the 2nd quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock worth $847,357,000 after acquiring an additional 151,154 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Northrop Grumman Corporation by 41,518.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after acquiring an additional 2,912,953 shares during the period. Finally, Capital International Investors boosted its stake in shares of Northrop Grumman Corporation by 7.6% during the 2nd quarter. Capital International Investors now owns 1,758,501 shares of the aerospace company’s stock worth $451,425,000 after acquiring an additional 124,500 shares during the period. Institutional investors own 81.93% of the company’s stock.

In other news, VP Denise M. Peppard sold 2,328 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the sale, the vice president now directly owns 28,553 shares in the company, valued at approximately $8,590,455.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $298.00, for a total value of $1,880,678.00. Following the sale, the vice president now owns 63,147 shares of the company’s stock, valued at $18,817,806. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,676 shares of company stock valued at $4,070,370. Corporate insiders own 0.70% of the company’s stock.

Several brokerages have recently commented on NOC. Zacks Investment Research downgraded Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Bank of America Corporation set a $350.00 price target on Northrop Grumman Corporation and gave the company a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus boosted their price target on Northrop Grumman Corporation from $255.00 to $300.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Cowen and Company restated a “hold” rating and issued a $300.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, October 26th. Finally, Goldman Sachs Group, Inc. (The) set a $320.00 price target on Northrop Grumman Corporation and gave the company a “buy” rating in a research note on Thursday, October 26th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Northrop Grumman Corporation presently has an average rating of “Buy” and an average price target of $292.01.

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Shares of Northrop Grumman Corporation (NOC) opened at $297.73 on Tuesday. The firm has a market capitalization of $51,898.02, a price-to-earnings ratio of 22.72, a PEG ratio of 3.00 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. Northrop Grumman Corporation has a 1 year low of $220.72 and a 1 year high of $306.61.

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

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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