Bessemer Group Inc. cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,385 shares of the aerospace company’s stock after selling 3,274 shares during the quarter. Bessemer Group Inc.’s holdings in Northrop Grumman Corporation were worth $12,483,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NOC. Harbour Capital Advisors LLC bought a new position in shares of Northrop Grumman Corporation during the first quarter valued at approximately $108,000. Hanseatic Management Services Inc. grew its holdings in shares of Northrop Grumman Corporation by 12.8% during the second 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 grew its holdings in shares of Northrop Grumman Corporation by 39.0% during the second 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. grew its holdings in shares of Northrop Grumman Corporation by 28.6% during the second 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. Finally, People s United Financial Inc. grew its holdings in shares of Northrop Grumman Corporation by 9.2% during the second 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. 81.51% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Argus boosted their price objective on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus reiterated a “hold” rating and set a $255.00 price objective (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Vertical Research reiterated a “buy” rating and set a $296.00 price objective (up from $280.00) on shares of Northrop Grumman Corporation in a research report on Wednesday, September 20th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $325.00 price objective (up from $285.00) on shares of Northrop Grumman Corporation in a research report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $292.01.

Northrop Grumman Corporation (NYSE NOC) traded down $1.01 on Friday, reaching $298.13. The company’s stock had a trading volume of 340,512 shares, compared to its average volume of 681,865. The firm has a market capitalization of $52,073.84, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 3.01 and a beta of 0.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. Northrop Grumman Corporation has a 12-month low of $220.72 and a 12-month high of $306.61.

Northrop Grumman Corporation (NYSE:NOC) last released its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.76. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.35 earnings per share. research analysts predict that Northrop Grumman Corporation will post 13.2 earnings per share for the current fiscal year.

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In other news, VP Denise M. Peppard sold 5,037 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the completion of the sale, the vice president now owns 58,186 shares in the company, valued at approximately $17,203,854.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Denise M. Peppard sold 2,328 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $300.86, for a total value of $700,402.08. Following the sale, the vice president now owns 28,553 shares of the company’s stock, valued at approximately $8,590,455.58. The disclosure for this sale can be found here. Insiders sold 13,676 shares of company stock valued at $4,070,370 over the last 90 days. 0.70% of the stock is currently owned by 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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