Flinton Capital Management LLC reduced its stake in Northrop Grumman Corporation (NYSE:NOC) by 28.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,616 shares of the aerospace company’s stock after selling 16,884 shares during the quarter. Flinton Capital Management LLC’s holdings in Northrop Grumman Corporation were worth $10,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital International Investors lifted its position in Northrop Grumman Corporation by 7.6% during the second quarter. Capital International Investors now owns 1,758,501 shares of the aerospace company’s stock valued at $451,425,000 after purchasing an additional 124,500 shares during the last quarter. AHL Partners LLP increased its holdings in shares of Northrop Grumman Corporation by 4.0% in the 2nd quarter. AHL Partners LLP now owns 22,111 shares of the aerospace company’s stock worth $5,676,000 after buying an additional 844 shares during the last quarter. L & S Advisors Inc increased its holdings in shares of Northrop Grumman Corporation by 78.6% in the 2nd quarter. L & S Advisors Inc now owns 23,176 shares of the aerospace company’s stock worth $5,950,000 after buying an additional 10,196 shares during the last quarter. Zurich Insurance Group Ltd FI increased its holdings in shares of Northrop Grumman Corporation by 16.9% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 27,768 shares of the aerospace company’s stock worth $7,128,000 after buying an additional 4,009 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its holdings in shares of Northrop Grumman Corporation by 1.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after buying an additional 10 shares during the last quarter. 81.37% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the sale, the vice president now directly owns 961 shares in the company, valued at $252,983.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

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A number of equities research analysts have weighed in on NOC shares. Morgan Stanley began coverage on Northrop Grumman Corporation in a research report on Tuesday, August 8th. They set an “equal weight” rating and a $279.00 price target on the stock. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC restated a “hold” rating and issued a $269.00 target price on shares of Northrop Grumman Corporation in a research report on Friday. Argus lifted their price target on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $325.00 price objective (up previously from $285.00) on shares of Northrop Grumman Corporation in a research note on Monday. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $276.72.

Shares of Northrop Grumman Corporation (NOC) traded up 0.30% during trading on Tuesday, reaching $290.76. The company’s stock had a trading volume of 207,377 shares. The stock has a market cap of $50.62 billion, a price-to-earnings ratio of 22.21 and a beta of 0.68. Northrop Grumman Corporation has a one year low of $212.02 and a one year high of $292.32. The company has a 50-day moving average price of $273.26 and a 200-day moving average price of $258.24.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, topping the consensus estimate of $2.84 by $0.31. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. Northrop Grumman Corporation’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $2.85 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 1.38%. Northrop Grumman Corporation’s dividend payout ratio is currently 30.56%.

Northrop Grumman Corporation 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 Corporation (NYSE:NOC)

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