Ninepoint Partners LP purchased a new stake in Northrop Grumman Corporation (NYSE:NOC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 86,700 shares of the aerospace company’s stock, valued at approximately $24,945,000. Northrop Grumman Corporation accounts for approximately 1.8% of Ninepoint Partners LP’s holdings, making the stock its 10th largest holding.

A number of other hedge funds have also modified their holdings of the business. Hanseatic Management Services Inc. lifted its position in shares of Northrop Grumman Corporation by 12.8% during the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after purchasing an additional 48 shares during the last quarter. First Personal Financial Services lifted its position in shares of Northrop Grumman Corporation by 39.0% during the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 121 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Northrop Grumman Corporation by 28.6% during the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 100 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Northrop Grumman Corporation during the 1st quarter worth $108,000. Finally, People s United Financial Inc. lifted its position in shares of Northrop Grumman Corporation by 9.2% during the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 40 shares during the last quarter. 81.93% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on NOC shares. Bank of America Corporation set a $350.00 price objective on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Friday, October 27th. Cowen and Company reaffirmed a “hold” rating and set a $300.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, October 26th. Zacks Investment Research cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Stifel Nicolaus lifted their price objective on shares of Northrop Grumman Corporation from $255.00 to $300.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and issued a $309.00 price target on shares of Northrop Grumman Corporation in a research report on Wednesday, August 23rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Northrop Grumman Corporation has a consensus rating of “Buy” and an average price target of $293.93.

In other news, VP Denise M. Peppard sold 5,037 shares of the business’s 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 transaction, the vice president now directly owns 58,186 shares in the company, valued at $17,203,854.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Denise M. Peppard sold 2,328 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the transaction, the vice president now owns 28,553 shares in the company, valued at $8,590,455.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,417 shares of company stock worth $6,365,189. 0.70% of the stock is currently owned by company insiders.

Northrop Grumman Corporation (NYSE NOC) traded up $0.62 during midday trading on Thursday, reaching $300.56. 200,112 shares of the company’s stock were exchanged, compared to its average volume of 777,881. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $52,320.00, a price-to-earnings ratio of 22.90, a PEG ratio of 3.02 and a beta of 0.70. Northrop Grumman Corporation has a one year low of $220.72 and a one year high of $306.61.

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

The firm 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. This represents a $4.00 dividend on an annualized basis and a yield of 1.33%. Northrop Grumman Corporation’s dividend payout ratio is presently 29.81%.

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Northrop Grumman Corporation 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 Corporation (NYSE:NOC)

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