Lido Advisors LLC lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,372 shares of the aerospace company’s stock after selling 515 shares during the quarter. Northrop Grumman accounts for about 0.7% of Lido Advisors LLC’s portfolio, making the stock its 21st largest position. Lido Advisors LLC’s holdings in Northrop Grumman were worth $4,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of NOC. Shell Asset Management Co. increased its holdings in Northrop Grumman by 9.0% in the second quarter. Shell Asset Management Co. now owns 38,526 shares of the aerospace company’s stock valued at $9,890,000 after buying an additional 3,165 shares during the last quarter. 1ST Source Bank increased its holdings in Northrop Grumman by 1.6% in the second quarter. 1ST Source Bank now owns 1,024 shares of the aerospace company’s stock valued at $263,000 after buying an additional 16 shares during the last quarter. Congress Asset Management Co. MA purchased a new position in Northrop Grumman in the second quarter valued at $43,286,000. Valicenti Advisory Services Inc. increased its holdings in Northrop Grumman by 5.0% in the second quarter. Valicenti Advisory Services Inc. now owns 10,276 shares of the aerospace company’s stock valued at $2,638,000 after buying an additional 491 shares during the last quarter. Finally, FineMark National Bank & Trust increased its holdings in Northrop Grumman by 0.8% in the second quarter. FineMark National Bank & Trust now owns 4,015 shares of the aerospace company’s stock valued at $1,031,000 after buying an additional 33 shares during the last quarter. 81.33% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Denise M. Peppard sold 5,037 shares of the 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 $17,203,854.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Sid Ashworth sold 6,311 shares of the stock in a transaction dated 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 sale, the vice president now owns 63,147 shares of the company’s stock, valued at approximately $18,817,806. The disclosure for this sale can be found here. Insiders sold 21,417 shares of company stock valued at $6,365,189 in the last 90 days. 0.70% of the stock is currently owned by insiders.

NOC has been the topic of several recent analyst reports. Zacks Investment Research lowered Northrop Grumman from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Royal Bank Of Canada set a $294.00 target price on Northrop Grumman and gave the company a “buy” rating in a report on Tuesday, August 29th. Bank of America set a $350.00 target price on Northrop Grumman and gave the company a “buy” rating in a report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and issued a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman in a report on Monday, October 2nd. Finally, Goldman Sachs Group set a $320.00 target price on Northrop Grumman and gave the company a “buy” rating in a report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $294.65.

Northrop Grumman Corporation (NYSE:NOC) traded up $0.93 during midday trading on Tuesday, reaching $300.56. 1,181,000 shares of the company’s stock traded hands, compared to its average volume of 783,164. 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 Corporation has a one year low of $220.72 and a one year high of $309.76. The firm has a market capitalization of $52,159.14, a P/E ratio of 22.84, a PEG ratio of 3.01 and a beta of 0.69.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.76. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the prior year, the firm posted $3.35 earnings per share. Northrop Grumman’s revenue for the quarter was up 6.0% on a year-over-year basis. sell-side analysts anticipate that Northrop Grumman Corporation will post 13.18 earnings per share for the current year.

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

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About Northrop Grumman

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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