DekaBank Deutsche Girozentrale increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,661 shares of the aerospace company’s stock after acquiring an additional 1,959 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.17% of Northrop Grumman Corporation worth $81,360,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Harbour Capital Advisors LLC acquired a new position in Northrop Grumman Corporation during the first quarter worth $108,000. Hanseatic Management Services Inc. grew its holdings in Northrop Grumman Corporation by 12.8% during the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 48 shares during the period. First Personal Financial Services grew its holdings in Northrop Grumman Corporation by 39.0% during the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 121 shares during the period. Pittenger & Anderson Inc. grew its holdings in Northrop Grumman Corporation by 28.6% during the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 100 shares during the period. Finally, People s United Financial Inc. grew its holdings in Northrop Grumman Corporation by 9.2% during the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after acquiring an additional 40 shares during the period. 81.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Northrop Grumman Corporation (NYSE NOC) traded up $0.35 during trading hours on Tuesday, hitting $298.48. The stock had a trading volume of 656,100 shares, compared to its average volume of 778,929. 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 $51,898.02, a P/E ratio of 22.72, a P/E/G ratio of 3.00 and a beta of 0.70.
Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the business earned $3.35 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. sell-side analysts forecast that Northrop Grumman Corporation will post 13.2 EPS for the current year.
A number of research analysts recently weighed in on the company. Morgan Stanley assumed coverage on Northrop Grumman Corporation in a report on Tuesday, August 8th. They set an “equal weight” rating and a $279.00 price objective on the stock. BidaskClub raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $269.00 price objective on shares of Northrop Grumman Corporation in a report on Friday, September 29th. Zacks Investment Research lowered Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Argus upped their price objective on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $292.01.
In other news, VP Denise M. Peppard sold 2,328 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $300.86, for a total value of $700,402.08. Following the sale, the vice president now directly owns 28,553 shares in the company, valued at $8,590,455.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Denise M. Peppard sold 5,037 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the completion of the sale, the vice president now owns 58,186 shares in the company, valued at $17,203,854.62. The disclosure for this sale can be found here. Insiders sold 13,676 shares of company stock worth $4,070,370 over the last 90 days. Company insiders own 0.70% of the company’s stock.
Northrop Grumman Corporation 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.
Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOC).
Receive News & Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.