Norinchukin Bank The lifted its stake in Northrop Grumman Corporation (NYSE:NOC) by 7.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,962 shares of the aerospace company’s stock after acquiring an additional 847 shares during the quarter. Norinchukin Bank The’s holdings in Northrop Grumman Corporation were worth $3,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. ING Groep NV grew its position in Northrop Grumman Corporation by 68.6% during the third quarter. ING Groep NV now owns 15,050 shares of the aerospace company’s stock valued at $4,330,000 after buying an additional 6,125 shares during the period. D.A. Davidson & CO. grew its position in Northrop Grumman Corporation by 5.6% during the third quarter. D.A. Davidson & CO. now owns 9,685 shares of the aerospace company’s stock valued at $2,786,000 after buying an additional 510 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Northrop Grumman Corporation by 1.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,818 shares of the aerospace company’s stock valued at $8,867,000 after buying an additional 541 shares during the period. Pacer Advisors Inc. grew its position in Northrop Grumman Corporation by 10.5% during the third quarter. Pacer Advisors Inc. now owns 4,516 shares of the aerospace company’s stock valued at $1,299,000 after buying an additional 429 shares during the period. Finally, Dowling & Yahnke LLC grew its position in Northrop Grumman Corporation by 6.5% during the third quarter. Dowling & Yahnke LLC now owns 9,901 shares of the aerospace company’s stock valued at $2,849,000 after buying an additional 604 shares during the period. Hedge funds and other institutional investors own 81.68% of the company’s stock.

NOC has been the subject of several recent research reports. Zacks Investment Research lowered shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Royal Bank Of Canada set a $294.00 target price on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Bank of America Corporation set a $350.00 target price on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Friday, October 27th. Deutsche Bank AG restated a “buy” rating and set a $325.00 target price (up from $285.00) on shares of Northrop Grumman Corporation in a research report on Monday, October 2nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $255.00 target price (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $294.65.

Shares of Northrop Grumman Corporation (NOC) traded down $2.29 during trading hours on Thursday, reaching $302.02. 463,771 shares of the company’s stock traded hands, compared to its average volume of 772,940. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. Northrop Grumman Corporation has a twelve month low of $220.72 and a twelve month high of $306.61. The stock has a market capitalization of $52,973.82, a P/E ratio of 23.19, a P/E/G ratio of 3.06 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the 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 business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the firm earned $3.35 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. research analysts expect that Northrop Grumman Corporation will post 13.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, December 1st. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 29.81%.

In other news, VP Denise M. Peppard sold 2,328 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $300.86, for a total value of $700,402.08. Following the transaction, the vice president now owns 28,553 shares of the company’s stock, valued at $8,590,455.58. The transaction 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 business’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 63,147 shares in the company, valued at approximately $18,817,806. The disclosure for this sale can be found here. Insiders sold 21,417 shares of company stock worth $6,365,189 in the last three months. Insiders own 0.70% of the company’s stock.

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About Northrop Grumman Corporation

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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