AGF Investments America Inc. boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,821 shares of the aerospace company’s stock after purchasing an additional 209 shares during the quarter. Northrop Grumman makes up 1.8% of AGF Investments America Inc.’s investment portfolio, making the stock its 25th largest position. AGF Investments America Inc.’s holdings in Northrop Grumman were worth $4,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new stake in shares of Northrop Grumman in the 3rd quarter valued at about $30,405,000. Caxton Associates LP purchased a new stake in shares of Northrop Grumman in the 2nd quarter valued at about $5,134,000. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Northrop Grumman 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 acquiring an additional 1,180 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Northrop Grumman 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 acquiring an additional 11,991 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in shares of Northrop Grumman in the 2nd quarter valued at about $241,000. Institutional investors and hedge funds own 81.68% of the company’s stock.

Northrop Grumman Corporation (NYSE NOC) opened at $302.72 on Friday. The firm has a market capitalization of $52,696.89, a PE ratio of 23.07, a P/E/G ratio of 3.05 and a beta of 0.70. 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 1-year low of $220.72 and a 1-year high of $306.61.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data 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 analysts’ expectations of $6.33 billion. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. Northrop Grumman’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $3.35 EPS. research analysts anticipate that Northrop Grumman Corporation will post 13.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Monday, December 4th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.32%. Northrop Grumman’s dividend payout ratio is 29.81%.

In related news, VP Sid Ashworth sold 6,311 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the transaction, the vice president now directly owns 63,147 shares in the company, valued at approximately $18,817,806. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Gloria A. Flach sold 7,741 shares of the firm’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 transaction, the chief operating officer now owns 77,200 shares in the company, valued at $22,885,940. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,417 shares of company stock worth $6,365,189. 0.70% of the stock is currently owned by insiders.

Several analysts have weighed in on the company. Cowen Inc reaffirmed a “hold” rating and issued a $310.00 price target on shares of Northrop Grumman in a report on Wednesday. Royal Bank Of Canada set a $374.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research cut Northrop Grumman from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Bank of America Corporation set a $350.00 price target on Northrop Grumman and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus raised their price target on Northrop Grumman from $255.00 to $300.00 and gave the company 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 assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $294.65.

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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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