Seizert Capital Partners LLC cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 25.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,356 shares of the aerospace company’s stock after selling 29,987 shares during the period. Seizert Capital Partners LLC’s holdings in Northrop Grumman Corporation were worth $24,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Capital Advisors LLC acquired a new stake in shares of Northrop Grumman Corporation during the first quarter valued at about $108,000. Hanseatic Management Services Inc. increased its position 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 acquiring an additional 48 shares during the last quarter. First Personal Financial Services increased its position 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 acquiring an additional 121 shares during the last quarter. Pittenger & Anderson Inc. increased its position 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 acquiring an additional 100 shares during the last quarter. Finally, People s United Financial Inc. increased its position 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 acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 81.50% of the company’s stock.

In other Northrop Grumman Corporation news, VP Sid Ashworth sold 6,311 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $298.00, for a total value of $1,880,678.00. Following the completion of the sale, the vice president now owns 63,147 shares of the company’s stock, valued at $18,817,806. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

A number of equities research analysts have weighed in on NOC shares. Deutsche Bank AG reiterated a “buy” rating and set a $285.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Argus lifted their price target on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $294.00 price target on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price target for the company in a research report on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Northrop Grumman Corporation has an average rating of “Buy” and an average target price of $290.54.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation 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 last year, the company earned $3.35 earnings per share. Northrop Grumman Corporation’s revenue for the quarter was up 6.0% on a year-over-year basis.

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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.

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Institutional Ownership by Quarter for Northrop Grumman Corporation (NYSE:NOC)

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