Vident Investment Advisory LLC lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 74.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,910 shares of the aerospace company’s stock after buying an additional 22,201 shares during the quarter. Northrop Grumman makes up 0.8% of Vident Investment Advisory LLC’s holdings, making the stock its 17th largest holding. Vident Investment Advisory LLC’s holdings in Northrop Grumman were worth $14,936,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in shares of Northrop Grumman 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 during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Northrop Grumman during the 3rd quarter worth $198,126,000. HPM Partners LLC lifted its stake in shares of Northrop Grumman by 23,412.0% during the 2nd quarter. HPM Partners LLC now owns 292,019 shares of the aerospace company’s stock worth $28,387,000 after purchasing an additional 290,777 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Northrop Grumman by 25.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock worth $319,707,000 after purchasing an additional 256,200 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Northrop Grumman during the 2nd quarter worth $59,566,000. 81.33% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, COO Gloria A. Flach sold 7,741 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 77,200 shares in the company, valued at $22,885,940. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Denise M. Peppard sold 5,037 shares of the firm’s 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 completion of the transaction, the vice president now owns 58,186 shares of the company’s stock, valued at $17,203,854.62. The disclosure for this sale can be found here. Over 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.

Shares of Northrop Grumman Corporation (NYSE:NOC) traded up $2.48 during trading hours on Friday, hitting $302.68. The stock had a trading volume of 655,000 shares, compared to its average volume of 781,130. Northrop Grumman Corporation has a 1 year low of $220.72 and a 1 year high of $309.76. The stock has a market capitalization of $52,258.36, a PE ratio of 22.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.69. 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 (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.76. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the business posted $3.35 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts expect that Northrop Grumman Corporation will post 13.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, December 1st. Northrop Grumman’s payout ratio is 29.81%.

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Northrop Grumman Company 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 (NYSE:NOC)

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