Point View Wealth Management Inc. decreased its stake in Northrop Grumman Corporation (NYSE:NOC) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,203 shares of the aerospace company’s stock after selling 330 shares during the quarter. Northrop Grumman Corporation makes up about 1.5% of Point View Wealth Management Inc.’s investment portfolio, making the stock its 5th largest position. Point View Wealth Management Inc.’s holdings in Northrop Grumman Corporation were worth $3,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Hanseatic Management Services Inc. raised its position in Northrop Grumman Corporation by 12.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 48 shares during the last quarter. First Personal Financial Services raised its position in Northrop Grumman Corporation by 39.0% in the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 121 shares during the last quarter. Pittenger & Anderson Inc. raised its position in Northrop Grumman Corporation by 28.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 100 shares during the last quarter. People s United Financial Inc. raised its position in Northrop Grumman Corporation by 9.2% in the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 40 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in Northrop Grumman Corporation in the 3rd quarter valued at $154,000. 81.68% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on NOC shares. Zacks Investment Research downgraded Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Bank of America Corporation set a $350.00 price objective on Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Finally, Deutsche Bank AG restated 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. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Northrop Grumman Corporation presently has an average rating of “Buy” and an average target price of $293.93.

In related news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman Corporation stock in a transaction on Monday, November 13th. The stock was sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, VP Denise M. Peppard sold 2,328 shares of Northrop Grumman Corporation stock in a transaction on Monday, November 6th. The stock was sold at an average price of $300.86, for a total value of $700,402.08. Following the sale, the vice president now directly owns 28,553 shares of the company’s stock, valued at $8,590,455.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,417 shares of company stock valued at $6,365,189. 0.70% of the stock is owned by insiders.

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Shares of Northrop Grumman Corporation (NYSE:NOC) traded up $4.13 during trading on Monday, hitting $300.98. The company had a trading volume of 215,940 shares, compared to its average volume of 774,934. 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 twelve month low of $220.72 and a twelve month high of $306.61. The firm has a market capitalization of $51,680.00, a PE ratio of 22.63, a PEG ratio of 2.99 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.76. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the firm earned $3.35 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. research analysts predict that Northrop Grumman Corporation will post 13.18 earnings per share for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.33%. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 29.81%.

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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