Exxonmobil Investment Management Inc. TX lowered its stake in Northrop Grumman Corp. (NYSE:NOC) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,597 shares of the company’s stock after selling 1,113 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Northrop Grumman Corp. were worth $9,755,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Dubuque Bank & Trust Co. increased its position in Northrop Grumman Corp. by 446.7% in the second quarter. Dubuque Bank & Trust Co. now owns 492 shares of the company’s stock worth $109,000 after buying an additional 402 shares during the last quarter. Quadrant Capital Group LLC increased its position in Northrop Grumman Corp. by 13.9% in the second quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $106,000 after buying an additional 61 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in Northrop Grumman Corp. by 1.5% in the second quarter. Thompson Davis & CO. Inc. now owns 533 shares of the company’s stock worth $118,000 after buying an additional 8 shares during the last quarter. Oakworth Capital Inc. increased its position in Northrop Grumman Corp. by 8.6% in the second quarter. Oakworth Capital Inc. now owns 632 shares of the company’s stock worth $134,000 after buying an additional 50 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC acquired a new position in Northrop Grumman Corp. during the second quarter worth approximately $142,000. Institutional investors own 82.11% of the company’s stock.

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

Northrop Grumman Corp. (NYSE:NOC) traded up 0.34% during mid-day trading on Monday, hitting $246.29. The stock had a trading volume of 978,780 shares. The company has a 50-day moving average of $227.11 and a 200-day moving average of $218.92. The stock has a market cap of $43.41 billion, a price-to-earnings ratio of 21.02 and a beta of 0.66. Northrop Grumman Corp. has a 12-month low of $175.00 and a 12-month high of $253.09.

Northrop Grumman Corp. (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $3.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.81 by $0.54. The firm earned $6.20 billion during the quarter, compared to analyst estimates of $6.01 billion. Northrop Grumman Corp. had a return on equity of 34.10% and a net margin of 8.96%. Northrop Grumman Corp.’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.75 earnings per share. On average, analysts anticipate that Northrop Grumman Corp. will post $11.72 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Monday, December 5th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, December 1st. Northrop Grumman Corp.’s dividend payout ratio is currently 30.72%.

A number of research analysts have recently commented on NOC shares. Citigroup Inc. increased their price objective on Northrop Grumman Corp. from $235.00 to $243.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Argus reiterated a “buy” rating on shares of Northrop Grumman Corp. in a report on Tuesday, August 2nd. Zacks Investment Research upgraded Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $252.00 price objective on the stock in a report on Friday, October 28th. Jefferies Group reiterated a “buy” rating and issued a $260.00 price objective (up previously from $250.00) on shares of Northrop Grumman Corp. in a report on Friday, October 28th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Northrop Grumman Corp. in a report on Monday, November 14th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $236.16.

In related news, CEO Wesley G. Bush sold 35,000 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $228.37, for a total value of $7,992,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth L. Bedingfield sold 125 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $212.20, for a total value of $26,525.00. Following the completion of the sale, the chief financial officer now directly owns 18,626 shares of the company’s stock, valued at $3,952,437.20. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Northrop Grumman Corp. Company Profile

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

5 Day Chart for NYSE:NOC

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