Sigma Planning Corp boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 17.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,890 shares of the aerospace company’s stock after buying an additional 283 shares during the period. Sigma Planning Corp’s holdings in Northrop Grumman Corporation were worth $544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in Northrop Grumman Corporation in the 3rd quarter valued at about $30,405,000. Caxton Associates LP purchased a new stake in Northrop Grumman Corporation in the 2nd quarter valued at about $5,134,000. Gerber Kawasaki Wealth & Investment Management raised its holdings in Northrop Grumman Corporation by 4.4% in the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,847 shares of the aerospace company’s stock valued at $7,289,000 after buying an additional 1,180 shares during the period. Toronto Dominion Bank raised its holdings in Northrop Grumman Corporation by 25.2% in the 2nd quarter. Toronto Dominion Bank now owns 59,532 shares of the aerospace company’s stock valued at $15,280,000 after buying an additional 11,991 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in Northrop Grumman Corporation in the 2nd quarter valued at about $241,000. Hedge funds and other institutional investors own 81.93% of the company’s stock.

Northrop Grumman Corporation (NYSE NOC) traded up $0.20 during mid-day trading on Thursday, hitting $300.14. 45,171 shares of the company were exchanged, compared to its average volume of 777,881. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. Northrop Grumman Corporation has a 12-month low of $220.72 and a 12-month high of $306.61. The stock has a market capitalization of $52,303.62, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 3.02 and a beta of 0.70.

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, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the firm earned $3.35 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. sell-side analysts forecast that Northrop Grumman Corporation will post 13.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Monday, December 4th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.33%. Northrop Grumman Corporation’s payout ratio is 29.81%.

In related news, COO Gloria A. Flach sold 7,741 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the transaction, the chief operating officer now directly owns 77,200 shares of the company’s stock, valued at $22,885,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sid Ashworth sold 6,311 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 63,147 shares of the company’s stock, valued at $18,817,806. The disclosure for this sale can be found here. Insiders have sold 21,417 shares of company stock worth $6,365,189 over the last 90 days. Insiders own 0.70% of the company’s stock.

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NOC has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. 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 research note on Tuesday, August 29th. Bank of America Corporation set a $350.00 price target on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $325.00 price target (up from $285.00) on shares of Northrop Grumman Corporation in a research note on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Northrop Grumman Corporation has an average rating of “Buy” and a consensus price target of $293.93.

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.

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

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