Schroder Investment Management Group trimmed its stake in Northrop Grumman Corporation (NYSE:NOC) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,256 shares of the aerospace company’s stock after selling 7,758 shares during the quarter. Schroder Investment Management Group owned 0.08% of Northrop Grumman worth $38,496,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Hanseatic Management Services Inc. lifted its holdings in shares of Northrop Grumman by 12.8% during the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 48 shares in the last quarter. First Personal Financial Services lifted its holdings in shares of Northrop Grumman by 39.0% during the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 121 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of Northrop Grumman by 28.6% during the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 100 shares in the last quarter. People s United Financial Inc. lifted its holdings in shares of Northrop Grumman by 9.2% during the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 40 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Northrop Grumman by 7.8% during the second quarter. Quadrant Capital Group LLC now owns 636 shares of the aerospace company’s stock valued at $147,000 after purchasing an additional 46 shares in the last quarter. 81.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at $299.63 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. The company has a market capitalization of $53,502.15, a PE ratio of 23.43, a price-to-earnings-growth ratio of 3.09 and a beta of 0.69. Northrop Grumman Corporation has a 1 year low of $220.72 and a 1 year high of $309.76.

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

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

In related news, VP Denise M. Peppard sold 2,328 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the sale, the vice president now owns 28,553 shares in the company, valued at $8,590,455.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Denise M. Peppard sold 5,037 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total value of $1,489,289.79. Following the sale, the vice president now owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,417 shares of company stock valued at $6,365,189. Company insiders own 0.70% of the company’s stock.

NOC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Northrop Grumman from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Tuesday, August 29th. Bank of America set a $350.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and set a $325.00 price objective (up previously from $285.00) on shares of Northrop Grumman in a research report on Monday, October 2nd. Finally, Goldman Sachs Group set a $320.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Northrop Grumman presently has an average rating of “Buy” and a consensus price target of $294.65.

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Northrop Grumman 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 (NYSE:NOC)

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