Signet Financial Management LLC cut its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,323 shares of the aerospace company’s stock after selling 50 shares during the quarter. Signet Financial Management LLC’s holdings in Northrop Grumman Corporation were worth $5,217,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Northrop Grumman Corporation by 2,871.7% in the 1st quarter. BlackRock Inc. now owns 12,775,397 shares of the aerospace company’s stock valued at $3,038,501,000 after buying an additional 12,345,491 shares during the period. Alliancebernstein L.P. raised its position in Northrop Grumman Corporation by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,149,678 shares of the aerospace company’s stock worth $749,119,000 after buying an additional 1,235,985 shares during the last quarter. Winslow Capital Management LLC purchased a new position in Northrop Grumman Corporation during the 1st quarter worth $198,691,000. Renaissance Technologies LLC raised its position in Northrop Grumman Corporation by 331.4% during the 1st quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock worth $235,271,000 after buying an additional 759,900 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Northrop Grumman Corporation by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 12,764,239 shares of the aerospace company’s stock worth $3,035,847,000 after buying an additional 531,824 shares during the last quarter. Hedge funds and other institutional investors own 81.37% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Argus boosted 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. Stifel Nicolaus reissued a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and issued a $243.00 price objective on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Vertical Research restated a “buy” rating and issued a $296.00 price objective (up previously from $280.00) on shares of Northrop Grumman Corporation in a research report on Wednesday, September 20th. Finally, Zacks Investment Research lowered Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $276.72.

In related news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total transaction of $96,612.75. Following the completion of the transaction, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

Northrop Grumman Corporation (NOC) traded up 0.30% during mid-day trading on Wednesday, reaching $291.96. The company’s stock had a trading volume of 181,758 shares. The firm has a market capitalization of $50.83 billion, a P/E ratio of 22.30 and a beta of 0.68. Northrop Grumman Corporation has a 52 week low of $212.02 and a 52 week high of $292.61. The firm’s 50 day moving average price is $273.82 and its 200 day moving average price is $258.58.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 1.37%. Northrop Grumman Corporation’s dividend payout ratio (DPR) is 30.56%.

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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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