Northrop Grumman Corporation (NOC) Shares Bought by Gratus Capital LLC

Gratus Capital LLC increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 59.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,316 shares of the aerospace company’s stock after buying an additional 1,232 shares during the quarter. Gratus Capital LLC’s holdings in Northrop Grumman Corporation were worth $954,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Hanseatic Management Services Inc. increased its holdings in Northrop Grumman Corporation by 12.8% during the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after purchasing an additional 48 shares in the last quarter. First Personal Financial Services increased its holdings in Northrop Grumman Corporation by 39.0% during the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 121 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in Northrop Grumman Corporation by 28.6% during the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 100 shares in the last quarter. People s United Financial Inc. increased its holdings in Northrop Grumman Corporation by 9.2% during the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 40 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Northrop Grumman Corporation by 7.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 636 shares of the aerospace company’s stock worth $147,000 after purchasing an additional 46 shares in the last quarter. 81.68% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Cowen and Company reiterated a “hold” rating and set a $310.00 target price on shares of Northrop Grumman Corporation in a report on Wednesday. Royal Bank Of Canada set a $374.00 target price on Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Thursday, November 16th. Zacks Investment Research cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Bank of America Corporation set a $350.00 target price on Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus increased their target price on Northrop Grumman Corporation from $255.00 to $300.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Northrop Grumman Corporation presently has a consensus rating of “Buy” and an average target price of $294.65.

In related news, VP Denise M. Peppard sold 2,328 shares of Northrop Grumman Corporation stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the transaction, the vice president now owns 28,553 shares in the company, valued at $8,590,455.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman Corporation 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 owns 77,200 shares of the company’s stock, valued at approximately $22,885,940. The disclosure for this sale can be found here. Insiders sold a total of 21,417 shares of company stock valued at $6,365,189 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

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Shares of Northrop Grumman Corporation (NYSE:NOC) traded down $2.29 during midday trading on Thursday, hitting $302.02. The stock had a trading volume of 463,771 shares, compared to its average volume of 772,940. The company has a market cap of $52,973.82, a PE ratio of 23.19, a price-to-earnings-growth ratio of 3.06 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 12 month low of $220.72 and a 12 month high of $306.61.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. Northrop Grumman Corporation’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.35 EPS. sell-side analysts anticipate that Northrop Grumman Corporation will post 13.18 earnings per share for the current fiscal year.

The business also recently disclosed 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 of this dividend is Friday, December 1st. Northrop Grumman Corporation’s payout ratio is 29.81%.

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.

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

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