Pacer Advisors Inc. increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,516 shares of the aerospace company’s stock after purchasing an additional 429 shares during the period. Pacer Advisors Inc.’s holdings in Northrop Grumman Corporation were worth $1,299,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in Northrop Grumman Corporation during the third quarter worth about $30,405,000. Caxton Associates LP acquired a new stake in Northrop Grumman Corporation during the second quarter worth about $5,134,000. Gerber Kawasaki Wealth & Investment Management increased its position in Northrop Grumman Corporation by 4.4% during the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,847 shares of the aerospace company’s stock worth $7,289,000 after purchasing an additional 1,180 shares during the last quarter. Toronto Dominion Bank increased its position in Northrop Grumman Corporation by 25.2% during the second quarter. Toronto Dominion Bank now owns 59,532 shares of the aerospace company’s stock worth $15,280,000 after purchasing an additional 11,991 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in Northrop Grumman Corporation during the second quarter worth about $241,000. Hedge funds and other institutional investors own 81.68% of the company’s stock.

In other Northrop Grumman Corporation news, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the transaction, the vice president now directly owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gloria A. Flach sold 7,741 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the completion of the transaction, the chief operating officer now directly owns 77,200 shares in the company, valued at $22,885,940. The disclosure for this sale can be found here. Insiders sold a total of 21,417 shares of company stock worth $6,365,189 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

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Northrop Grumman Corporation (NYSE:NOC) traded down $3.65 during mid-day trading on Wednesday, reaching $300.66. 109,555 shares of the company’s stock were exchanged, compared to its average volume of 774,314. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. Northrop Grumman Corporation has a 12 month low of $220.72 and a 12 month high of $306.61. The firm has a market capitalization of $52,387.18, a PE ratio of 22.94, a P/E/G ratio of 3.03 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.76. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.35 EPS. equities analysts predict that Northrop Grumman Corporation will post 13.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.33%. Northrop Grumman Corporation’s payout ratio is 29.81%.

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada set a $374.00 price target on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Bank of America Corporation set a $350.00 price target on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus lifted their price target on shares of Northrop Grumman Corporation from $255.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Cowen and Company reiterated a “hold” rating and set a $300.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $293.93.

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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