Cambria Investment Management L.P. reduced its holdings in Northrop Grumman Co. (NYSE:NOC) by 4.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,797 shares of the aerospace company’s stock after selling 384 shares during the period. Cambria Investment Management L.P.’s holdings in Northrop Grumman were worth $2,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NOC. Hanseatic Management Services Inc. grew its stake in shares of Northrop Grumman by 12.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after buying an additional 48 shares in the last quarter. First Personal Financial Services grew its stake in shares of Northrop Grumman by 39.0% in the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after buying an additional 121 shares in the last quarter. Pittenger & Anderson Inc. grew its stake in shares of Northrop Grumman by 28.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after buying an additional 100 shares in the last quarter. People s United Financial Inc. grew its stake in shares of Northrop Grumman by 9.2% in the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after buying an additional 40 shares in the last quarter. Finally, Ropes Wealth Advisors LLC purchased a new position in shares of Northrop Grumman in the 3rd quarter worth $144,000. 81.33% of the stock is owned by institutional investors and hedge funds.

In related news, VP Denise M. Peppard sold 5,037 shares of Northrop Grumman stock in a transaction dated Wednesday, November 1st. The shares were 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Denise M. Peppard sold 2,328 shares of Northrop Grumman 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 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 have sold a total of 21,417 shares of company stock valued at $6,365,189 in the last quarter. 0.70% of the stock is currently owned by company insiders.

A number of brokerages have commented on NOC. Royal Bank Of Canada lifted their price objective on shares of Northrop Grumman from $324.00 to $347.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Goldman Sachs Group set a $320.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Thursday, October 26th. Cowen restated a “hold” rating and issued a $300.00 target price (up previously from $275.00) on shares of Northrop Grumman in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus raised their target price on shares of Northrop Grumman 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 company. Northrop Grumman has a consensus rating of “Buy” and a consensus price target of $294.65.

Northrop Grumman Co. (NYSE NOC) traded up $2.99 during trading on Monday, hitting $305.67. 684,300 shares of the stock traded hands, compared to its average volume of 780,721. The company has a market cap of $53,210.57, a price-to-earnings ratio of 23.30, a PEG ratio of 3.08 and a beta of 0.69. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. Northrop Grumman Co. has a 12-month low of $220.72 and a 12-month high of $309.76.

Northrop Grumman (NYSE:NOC) last released its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion during 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%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $3.35 EPS. equities analysts forecast that Northrop Grumman Co. will post 13.18 EPS for the current year.

The business 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 of this dividend is Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 1.31%. Northrop Grumman’s payout ratio is 29.81%.

ILLEGAL ACTIVITY NOTICE: “Cambria Investment Management L.P. Sells 384 Shares of Northrop Grumman Co. (NOC)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/cambria-investment-management-l-p-sells-384-shares-of-northrop-grumman-co-noc/1757892.html.

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)

Receive News & Ratings for Northrop Grumman Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.