Fifth Third Bancorp lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,070 shares of the aerospace company’s stock after selling 734 shares during the period. Fifth Third Bancorp’s holdings in Northrop Grumman Corporation were worth $1,682,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Northrop Grumman Corporation by 0.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the aerospace company’s stock worth $199,000 after buying an additional 3 shares in the last quarter. Concert Wealth Management Inc. raised its position in shares of Northrop Grumman Corporation by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock worth $252,000 after buying an additional 8 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Northrop Grumman Corporation by 1.8% in the first quarter. Dubuque Bank & Trust Co. now owns 501 shares of the aerospace company’s stock worth $119,000 after buying an additional 9 shares in the last quarter. Argent Trust Co raised its position in shares of Northrop Grumman Corporation by 0.7% in the first quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock worth $401,000 after buying an additional 11 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of Northrop Grumman Corporation by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the aerospace company’s stock worth $739,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 81.75% of the company’s stock.

Shares of Northrop Grumman Corporation (NYSE NOC) traded up 0.73% during midday trading on Thursday, hitting $268.78. 602,112 shares of the company were exchanged. Northrop Grumman Corporation has a one year low of $206.69 and a one year high of $268.90. The stock has a market cap of $46.81 billion, a PE ratio of 20.53 and a beta of 0.66. The stock’s 50-day moving average is $261.05 and its 200-day moving average is $247.53.

Northrop Grumman Corporation (NYSE:NOC) last issued its 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. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 EPS. Equities research analysts anticipate that Northrop Grumman Corporation will post $12.46 EPS for the current year.

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A number of equities analysts have commented on NOC shares. Stifel Nicolaus reiterated a “hold” rating and issued a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and issued a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a $243.00 target price on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a research report on Thursday, April 13th. Finally, Cowen and Company reissued a “hold” rating and issued a $275.00 target price on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Northrop Grumman Corporation currently has a consensus rating of “Buy” and an average price target of $255.42.

In other news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total value of $96,612.75. Following the transaction, the vice president now owns 961 shares of the company’s stock, valued at approximately $252,983.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas E. Vice sold 29,740 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $250.00, for a total transaction of $7,435,000.00. Following the completion of the transaction, the vice president now directly owns 72,453 shares in the company, valued at approximately $18,113,250. The disclosure for this sale can be found here. Insiders sold a total of 33,954 shares of company stock worth $8,531,833 in the last ninety days. Insiders own 0.70% of the company’s stock.

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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