OxFORD Asset Management LLP lessened its position in Northrop Grumman Corporation (NYSE:NOC) by 34.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,809 shares of the aerospace company’s stock after selling 12,385 shares during the quarter. OxFORD Asset Management LLP’s holdings in Northrop Grumman were worth $6,772,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. lifted its stake in shares of Northrop Grumman by 12.8% in the 2nd 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 during the period. First Personal Financial Services lifted its stake in shares of Northrop Grumman by 39.0% in the 2nd 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 during the period. Pittenger & Anderson Inc. lifted its stake in shares of Northrop Grumman by 28.6% in the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 100 shares during the period. People s United Financial Inc. lifted its stake in shares of Northrop Grumman by 9.2% in the 2nd 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 during the period. Finally, Ropes Wealth Advisors LLC purchased a new position in shares of Northrop Grumman in the 3rd quarter valued at approximately $144,000. Institutional investors own 81.33% of the company’s stock.

Northrop Grumman Corporation (NOC) traded down $7.77 during trading on Monday, hitting $299.63. The company’s stock had a trading volume of 1,097,200 shares, compared to its average volume of 781,450. The company has a market cap of $52,159.14, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 3.01 and a beta of 0.69. Northrop Grumman Corporation has a twelve month low of $220.72 and a twelve month high of $309.76. 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 (NYSE:NOC) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.35 EPS. research analysts expect that Northrop Grumman Corporation will post 13.18 earnings per share for the current fiscal year.

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

In other Northrop Grumman news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction on Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the sale, the chief operating officer now owns 77,200 shares of the company’s stock, valued at approximately $22,885,940. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Denise M. Peppard sold 2,328 shares of Northrop Grumman stock in a transaction on Monday, November 6th. The stock was sold at an average price of $300.86, for a total value of $700,402.08. Following the completion of the sale, the vice president now directly owns 28,553 shares of the company’s stock, valued at approximately $8,590,455.58. The disclosure for this sale can be found here. In the last three months, insiders sold 21,417 shares of company stock valued at $6,365,189. Corporate insiders own 0.70% of the company’s stock.

A number of brokerages have issued reports on NOC. Zacks Investment Research upgraded Northrop Grumman from a “hold” rating to a “buy” rating and set a $305.00 price objective for the company in a research note on Tuesday, September 5th. Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research note on Tuesday, August 29th. BidaskClub upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Vertical Research reiterated a “buy” rating and set a $296.00 price objective (up previously from $280.00) on shares of Northrop Grumman in a research note on Wednesday, September 20th. Finally, 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 note on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $294.65.

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About Northrop Grumman

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 (NYSE:NOC)

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