Robeco Institutional Asset Management B.V. reduced its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,204 shares of the aerospace company’s stock after selling 8,005 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.19% of Northrop Grumman Corporation worth $95,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NOC. Waldron LP raised its position in Northrop Grumman Corporation by 17.1% during the first quarter. Waldron LP now owns 2,005 shares of the aerospace company’s stock valued at $476,000 after purchasing an additional 293 shares in the last quarter. Blair William & Co. IL raised its position in Northrop Grumman Corporation by 3.0% during the first quarter. Blair William & Co. IL now owns 12,936 shares of the aerospace company’s stock valued at $3,148,000 after purchasing an additional 377 shares in the last quarter. Concert Wealth Management Inc. raised its position in Northrop Grumman Corporation by 0.7% during the first quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock valued at $252,000 after purchasing an additional 8 shares in the last quarter. Kwmg LLC raised its position in Northrop Grumman Corporation by 6.1% during the first quarter. Kwmg LLC now owns 6,673 shares of the aerospace company’s stock valued at $1,587,000 after purchasing an additional 384 shares in the last quarter. Finally, Cibc World Markets Corp raised its position in Northrop Grumman Corporation by 40.1% during the first quarter. Cibc World Markets Corp now owns 367,238 shares of the aerospace company’s stock valued at $87,344,000 after purchasing an additional 105,135 shares in the last quarter. Institutional investors and hedge funds own 81.25% of the company’s stock.

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Northrop Grumman Corporation (NYSE:NOC) traded up 0.71% during mid-day trading on Monday, reaching $296.69. The company had a trading volume of 94,750 shares. The firm has a 50-day moving average price of $282.88 and a 200 day moving average price of $263.46. Northrop Grumman Corporation has a 12-month low of $214.59 and a 12-month high of $299.33. The firm has a market capitalization of $51.65 billion, a price-to-earnings ratio of 22.66 and a beta of 0.68.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the previous year, the firm posted $2.85 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Northrop Grumman Corporation will post $12.55 EPS for the current year.

Several research analysts have commented on NOC shares. Deutsche Bank AG restated a “buy” rating and set a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Argus boosted their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $294.00 price objective on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price objective for the company in a research report on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $276.72.

In related news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation 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 transaction, the vice president now owns 961 shares in the company, valued at approximately $252,983.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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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