Caxton Associates LP purchased a new stake in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the aerospace company’s stock, valued at approximately $5,134,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOC. Waldron LP grew its stake in Northrop Grumman Corporation by 17.1% in the 1st quarter. Waldron LP now owns 2,005 shares of the aerospace company’s stock valued at $476,000 after buying an additional 293 shares during the last quarter. Palladium Partners LLC grew its stake in Northrop Grumman Corporation by 25.0% in the 1st quarter. Palladium Partners LLC now owns 6,024 shares of the aerospace company’s stock valued at $1,433,000 after buying an additional 1,204 shares during the last quarter. Trexquant Investment LP grew its stake in Northrop Grumman Corporation by 74.7% in the 1st quarter. Trexquant Investment LP now owns 14,500 shares of the aerospace company’s stock valued at $3,449,000 after buying an additional 6,200 shares during the last quarter. Milestone Group Inc. grew its stake in Northrop Grumman Corporation by 2.3% in the 1st quarter. Milestone Group Inc. now owns 1,510 shares of the aerospace company’s stock valued at $359,000 after buying an additional 34 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its stake in Northrop Grumman Corporation by 1.9% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 3,228 shares of the aerospace company’s stock valued at $768,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 81.37% of the company’s stock.

Shares of Northrop Grumman Corporation (NOC) traded up 0.22% on Friday, hitting $293.33. 381,961 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $275.79 and its 200 day moving average is $259.43. The firm has a market cap of $51.07 billion, a P/E ratio of 22.41 and a beta of 0.68. Northrop Grumman Corporation has a 12 month low of $214.59 and a 12 month high of $293.38.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.31. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $2.85 earnings per share. On average, equities analysts predict that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 1.36%. Northrop Grumman Corporation’s payout ratio is 30.56%.

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A number of research analysts recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $269.00 price target on shares of Northrop Grumman Corporation in a research note on Friday, September 29th. Deutsche Bank AG reiterated a “buy” rating and issued a $325.00 price target (up previously from $285.00) on shares of Northrop Grumman Corporation in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $255.00 price target on shares of Northrop Grumman Corporation in a research note on Thursday, September 21st. Finally, Vertical Research reiterated a “buy” rating and issued a $296.00 price target (up previously from $280.00) on shares of Northrop Grumman Corporation in a research note on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Northrop Grumman Corporation currently has a consensus rating of “Buy” and an average target price of $276.72.

In related news, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total transaction of $96,612.75. Following the completion of the transaction, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

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.

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

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