Marshwinds Advisory Co. lowered its stake in shares of Northrop Grumman Corp. (NYSE:NOC) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,215 shares of the company’s stock after selling 63 shares during the period. Northrop Grumman Corp. accounts for approximately 1.6% of Marshwinds Advisory Co.’s investment portfolio, making the stock its 21st largest position. Marshwinds Advisory Co.’s holdings in Northrop Grumman Corp. were worth $3,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOC. Benjamin F. Edwards & Company Inc. boosted its position in shares of Northrop Grumman Corp. by 0.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 827 shares of the company’s stock valued at $184,000 after buying an additional 4 shares in the last quarter. Johanson Financial Advisors Inc. boosted its position in shares of Northrop Grumman Corp. by 0.4% in the second quarter. Johanson Financial Advisors Inc. now owns 1,465 shares of the company’s stock valued at $328,000 after buying an additional 6 shares in the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of Northrop Grumman Corp. by 1.5% in the second quarter. Thompson Davis & CO. Inc. now owns 533 shares of the company’s stock valued at $118,000 after buying an additional 8 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in shares of Northrop Grumman Corp. by 0.4% in the second quarter. Gilman Hill Asset Management LLC now owns 2,380 shares of the company’s stock valued at $529,000 after buying an additional 10 shares in the last quarter. Finally, Central Bank & Trust Co. boosted its position in shares of Northrop Grumman Corp. by 2.7% in the third quarter. Central Bank & Trust Co. now owns 843 shares of the company’s stock valued at $180,000 after buying an additional 22 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

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

Northrop Grumman Corp. (NYSE:NOC) traded up 0.15% during trading on Monday, reaching $248.96. The company’s stock had a trading volume of 893,944 shares. The company has a market capitalization of $43.88 billion, a PE ratio of 21.25 and a beta of 0.66. Northrop Grumman Corp. has a 52 week low of $175.00 and a 52 week high of $253.09. The company has a 50 day moving average price of $231.40 and a 200-day moving average price of $219.89.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, December 1st. Northrop Grumman Corp.’s dividend payout ratio (DPR) is 30.72%.

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Several research analysts recently weighed in on the company. Zacks Investment Research cut Northrop Grumman Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Argus restated a “buy” rating on shares of Northrop Grumman Corp. in a research report on Tuesday, August 2nd. Jefferies Group restated a “buy” rating and issued a $260.00 price objective (up from $250.00) on shares of Northrop Grumman Corp. in a research report on Friday, October 28th. Vertical Research assumed coverage on Northrop Grumman Corp. in a research report on Friday, October 28th. They issued a “hold” rating for the company. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Northrop Grumman Corp. in a research report on Monday, November 14th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $236.16.

In other news, VP Christopher T. Jones sold 240 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $212.20, for a total transaction of $50,928.00. Following the completion of the transaction, the vice president now directly owns 47,780 shares of the company’s stock, valued at approximately $10,138,916. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Wesley G. Bush sold 35,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $228.37, for a total value of $7,992,950.00. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

About Northrop Grumman Corp.

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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