Asset Management One Co. Ltd. trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,005 shares of the aerospace company’s stock after selling 512 shares during the period. Asset Management One Co. Ltd. owned about 0.15% of Northrop Grumman worth $75,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NOC. Janus Henderson Group PLC increased its stake in shares of Northrop Grumman 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 purchasing an additional 2,912,953 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $198,126,000. HPM Partners LLC increased its stake in shares of Northrop Grumman by 23,412.0% during the 2nd quarter. HPM Partners LLC now owns 292,019 shares of the aerospace company’s stock worth $28,387,000 after purchasing an additional 290,777 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Northrop Grumman by 25.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock worth $319,707,000 after purchasing an additional 256,200 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $59,566,000. 81.33% of the stock is owned by institutional investors and hedge funds.

Shares of Northrop Grumman Corporation (NOC) traded up $2.45 on Thursday, hitting $300.20. 629,600 shares of the company’s stock were exchanged, compared to its average volume of 781,667. The firm has a market cap of $51,831.87, a price-to-earnings ratio of 22.69, a PEG ratio of 3.00 and a beta of 0.69. Northrop Grumman Corporation has a 52 week low of $220.72 and a 52 week high of $309.76. 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 (NYSE:NOC) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.76. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. Northrop Grumman’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $3.35 EPS. equities research analysts anticipate that Northrop Grumman Corporation will post 13.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th will be issued a $1.00 dividend. The ex-dividend date is Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.33%. Northrop Grumman’s dividend payout ratio (DPR) is presently 29.81%.

NOC has been the subject of a number of recent research reports. BidaskClub raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a $309.00 target price on shares of Northrop Grumman in a research note on Wednesday, August 23rd. Cowen reaffirmed a “hold” rating and issued a $275.00 target price on shares of Northrop Grumman in a research note on Thursday, August 24th. Royal Bank Of Canada set a $294.00 target price on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Finally, Zacks Investment Research cut shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $294.65.

In related news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction on Monday, November 13th. The shares were sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the transaction, the chief operating officer now owns 77,200 shares in the company, valued at approximately $22,885,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of Northrop Grumman stock in a transaction on 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 transaction, the vice president now owns 63,147 shares in the company, valued at approximately $18,817,806. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,417 shares of company stock worth $6,365,189. 0.70% of the stock is owned by company insiders.

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Northrop Grumman Company 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.

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

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