Rational Advisors LLC purchased a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,000 shares of the aerospace company’s stock, valued at approximately $288,000.

Several other institutional investors have also added to or reduced their stakes in NOC. Piedmont Investment Advisors LLC raised its holdings in Northrop Grumman Corporation by 4.9% in the 1st quarter. Piedmont Investment Advisors LLC now owns 36,772 shares of the aerospace company’s stock worth $8,746,000 after acquiring an additional 1,728 shares during the period. Perigon Wealth Management LLC raised its holdings in Northrop Grumman Corporation by 2.8% in the 1st quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after acquiring an additional 15 shares during the period. Park National Corp OH raised its holdings in Northrop Grumman Corporation by 3.3% in the 2nd quarter. Park National Corp OH now owns 2,404 shares of the aerospace company’s stock worth $617,000 after acquiring an additional 77 shares during the period. Independent Portfolio Consultants Inc. raised its holdings in Northrop Grumman Corporation by 94.0% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 708 shares of the aerospace company’s stock worth $182,000 after acquiring an additional 343 shares during the period. Finally, Catawba Capital Management VA raised its holdings in Northrop Grumman Corporation by 10.9% in the 2nd quarter. Catawba Capital Management VA now owns 5,945 shares of the aerospace company’s stock worth $1,526,000 after acquiring an additional 585 shares during the period. Institutional investors and hedge funds own 81.68% of the company’s stock.

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NOC has been the topic of several recent analyst reports. Bank of America Corporation set a $350.00 target price on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank Of Canada set a $374.00 target price on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Thursday, November 16th. Cowen and Company reiterated a “hold” rating and issued a $300.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Finally, Stifel Nicolaus lifted their target price on shares of Northrop Grumman Corporation from $255.00 to $300.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $293.93.

In other news, VP Denise M. Peppard sold 2,328 shares of Northrop Grumman Corporation stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $300.86, for a total transaction of $700,402.08. Following the sale, the vice president now directly owns 28,553 shares in the company, valued at approximately $8,590,455.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of Northrop Grumman Corporation stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the sale, the vice president now owns 63,147 shares in the company, valued at $18,817,806. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,417 shares of company stock worth $6,365,189. 0.70% of the stock is owned by company insiders.

Shares of Northrop Grumman Corporation (NOC) traded up $4.09 during trading on Tuesday, hitting $300.94. 703,400 shares of the stock traded hands, compared to its average volume of 774,615. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21. Northrop Grumman Corporation has a 1-year low of $220.72 and a 1-year high of $306.61. The firm has a market cap of $52,390.00, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.99 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the 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 business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the previous year, the business earned $3.35 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. sell-side analysts predict that Northrop Grumman Corporation will post 13.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.33%. Northrop Grumman Corporation’s dividend payout ratio (DPR) is currently 29.81%.

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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