Municipal Employees Retirement System of Michigan lowered its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 11.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,250 shares of the aerospace company’s stock after selling 1,240 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Northrop Grumman Corporation were worth $2,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Northrop Grumman Corporation by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock valued at $3,326,168,000 after acquiring an additional 192,667 shares during the last quarter. BlackRock Inc. boosted its position in Northrop Grumman Corporation by 0.9% during the second quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock valued at $3,307,687,000 after acquiring an additional 109,532 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Northrop Grumman Corporation by 4.8% during the 2nd quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock worth $847,357,000 after purchasing an additional 151,154 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Northrop Grumman Corporation by 41,518.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after purchasing an additional 2,912,953 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of Northrop Grumman Corporation by 7.6% during the 2nd quarter. Capital International Investors now owns 1,758,501 shares of the aerospace company’s stock worth $451,425,000 after purchasing an additional 124,500 shares in the last quarter. 81.93% of the stock is currently owned by institutional investors and hedge funds.

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Northrop Grumman Corporation (NOC) traded up $0.35 on Tuesday, reaching $298.48. 656,100 shares of the company traded hands, compared to its average volume of 778,929. The company has a market cap of $51,898.02, a P/E ratio of 22.72, a PEG ratio of 3.00 and a beta of 0.70. Northrop Grumman Corporation has a 52 week low of $220.72 and a 52 week high of $306.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the firm earned $3.35 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts anticipate that Northrop Grumman Corporation will post 13.2 earnings per share for the current year.

NOC has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Royal Bank Of Canada set a $294.00 target price on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Bank of America Corporation set a $350.00 target price on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and issued a $255.00 target price (up previously from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman Corporation in a report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $292.01.

In other news, VP Sid Ashworth sold 6,311 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the sale, the vice president now owns 63,147 shares in the company, valued at approximately $18,817,806. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Denise M. Peppard sold 5,037 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the sale, the vice president now owns 58,186 shares in the company, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,676 shares of company stock valued at $4,070,370. Insiders own 0.70% of the company’s stock.

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.

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

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