Raymond James Financial Services Advisors Inc. lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 21.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,099 shares of the aerospace company’s stock after acquiring an additional 8,629 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Northrop Grumman Corporation were worth $13,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of NOC. Bank of Nova Scotia raised its position in shares of Northrop Grumman Corporation by 902.6% during the first quarter. Bank of Nova Scotia now owns 39,973 shares of the aerospace company’s stock worth $9,507,000 after acquiring an additional 35,986 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Northrop Grumman Corporation by 11.8% in the first quarter. Tower Research Capital LLC TRC now owns 2,072 shares of the aerospace company’s stock worth $493,000 after purchasing an additional 219 shares in the last quarter. Ibex Wealth Advisors increased its holdings in Northrop Grumman Corporation by 5.0% in the first quarter. Ibex Wealth Advisors now owns 5,405 shares of the aerospace company’s stock worth $1,276,000 after purchasing an additional 259 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Northrop Grumman Corporation by 1.1% in the first quarter. Public Employees Retirement System of Ohio now owns 120,974 shares of the aerospace company’s stock worth $28,772,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Pointe Capital Management LLC bought a new stake in Northrop Grumman Corporation in the first quarter worth approximately $258,000. Institutional investors own 81.93% of the company’s stock.

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In other Northrop Grumman Corporation news, COO Gloria A. Flach sold 7,741 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the transaction, the chief operating officer now directly owns 77,200 shares in the company, valued at approximately $22,885,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $298.00, for a total value of $1,880,678.00. Following the completion of the transaction, the vice president now owns 63,147 shares in the company, valued at $18,817,806. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,417 shares of company stock worth $6,365,189. 0.70% of the stock is currently owned by corporate insiders.

Shares of Northrop Grumman Corporation (NYSE:NOC) opened at $296.85 on Friday. The stock has a market capitalization of $51,675.05, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.99 and a beta of 0.70. 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 one year low of $220.72 and a one year high of $306.61.

Northrop Grumman Corporation (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 analysts’ consensus estimates of $2.92 by $0.76. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the previous year, the company posted $3.35 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities research analysts predict that Northrop Grumman Corporation will post 13.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Monday, December 4th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.35%. Northrop Grumman Corporation’s payout ratio is 29.81%.

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

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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