Picton Mahoney Asset Management trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 12.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,150 shares of the aerospace company’s stock after selling 7,200 shares during the quarter. Picton Mahoney Asset Management’s holdings in Northrop Grumman Corporation were worth $12,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Waldron LP lifted its holdings in shares of Northrop Grumman Corporation by 17.1% during the 1st quarter. Waldron LP now owns 2,005 shares of the aerospace company’s stock valued at $476,000 after buying an additional 293 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Northrop Grumman Corporation by 12.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 519,403 shares of the aerospace company’s stock valued at $123,535,000 after buying an additional 58,984 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Northrop Grumman Corporation by 28.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,952 shares of the aerospace company’s stock valued at $3,081,000 after buying an additional 2,848 shares during the period. Caldwell & Orkin Inc. lifted its holdings in shares of Northrop Grumman Corporation by 22.3% during the 1st quarter. Caldwell & Orkin Inc. now owns 14,068 shares of the aerospace company’s stock valued at $3,346,000 after buying an additional 2,568 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Northrop Grumman Corporation by 15.7% during the 1st quarter. Ameriprise Financial Inc. now owns 504,523 shares of the aerospace company’s stock valued at $120,021,000 after buying an additional 68,569 shares during the period. 81.37% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on NOC. Zacks Investment Research cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $255.00 price target on shares of Northrop Grumman Corporation in a report on Thursday, September 21st. Vertical Research reissued a “buy” rating and set a $296.00 price target (up from $280.00) on shares of Northrop Grumman Corporation in a report on Wednesday, September 20th. Royal Bank Of Canada set a $294.00 price target on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Cowen and Company reissued a “hold” rating and set a $275.00 price target on shares of Northrop Grumman Corporation in a report on Thursday, August 24th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $272.01.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total value of $96,612.75. Following the sale, the vice president now directly owns 961 shares of the company’s stock, valued at $252,983.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

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Shares of Northrop Grumman Corporation (NYSE:NOC) traded up 1.09% during trading on Friday, reaching $287.72. The company had a trading volume of 618,558 shares. Northrop Grumman Corporation has a 1-year low of $210.60 and a 1-year high of $287.81. The company’s 50 day moving average is $269.39 and its 200-day moving average is $255.59. The stock has a market capitalization of $50.09 billion, a price-to-earnings ratio of 21.98 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same period in the prior year, the company earned $2.85 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s payout ratio is 30.56%.

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.

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

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