Gotham Asset Management LLC grew its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 844.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,413 shares of the aerospace company’s stock after buying an additional 20,039 shares during the quarter. Gotham Asset Management LLC’s holdings in Northrop Grumman Corporation were worth $5,754,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NOC. BlackRock Inc. grew its stake in shares of Northrop Grumman Corporation by 2,871.7% during the first quarter. BlackRock Inc. now owns 12,775,397 shares of the aerospace company’s stock valued at $3,038,501,000 after buying an additional 12,345,491 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Northrop Grumman Corporation by 41,518.7% during the second quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock valued at $749,585,000 after buying an additional 2,912,953 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Northrop Grumman Corporation by 64.6% during the first quarter. Alliancebernstein L.P. now owns 3,149,678 shares of the aerospace company’s stock valued at $749,119,000 after buying an additional 1,235,985 shares during the last quarter. Winslow Capital Management LLC bought a new position in shares of Northrop Grumman Corporation during the first quarter valued at about $198,691,000. Finally, Renaissance Technologies LLC grew its stake in shares of Northrop Grumman Corporation by 331.4% during the first quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock valued at $235,271,000 after buying an additional 759,900 shares during the last quarter. 81.37% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total transaction of $96,612.75. Following the transaction, the vice president now directly owns 961 shares in the company, valued at approximately $252,983.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

A number of research analysts have recently issued reports on NOC shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $255.00 price objective (up from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. BidaskClub raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $243.00 price objective on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman Corporation and gave the company a “buy” rating in a research note on Tuesday, August 29th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $276.72.

Shares of Northrop Grumman Corporation (NYSE:NOC) opened at 293.33 on Wednesday. Northrop Grumman Corporation has a 12-month low of $214.59 and a 12-month high of $294.98. The stock’s 50 day moving average is $277.27 and its 200-day moving average is $260.51. The stock has a market capitalization of $51.07 billion, a price-to-earnings ratio of 22.41 and a beta of 0.68.

Northrop Grumman Corporation (NYSE:NOC) last issued 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. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.85 EPS. On average, analysts expect that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Monday, August 28th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, August 24th. This represents a $4.00 annualized dividend and a yield of 1.36%. Northrop Grumman Corporation’s payout ratio is 30.56%.

Northrop Grumman Corporation Company 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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