Cetera Advisors LLC increased its holdings in Northrop Grumman Co. (NYSE:NOC) by 22.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,547 shares of the aerospace company’s stock after acquiring an additional 286 shares during the quarter. Cetera Advisors LLC’s holdings in Northrop Grumman were worth $446,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. IFM Investors Pty Ltd acquired a new position in shares of Northrop Grumman in the third quarter worth about $1,341,000. TT International lifted its stake in shares of Northrop Grumman by 45.0% in the third quarter. TT International now owns 5,941 shares of the aerospace company’s stock worth $1,709,000 after acquiring an additional 1,845 shares in the last quarter. Alkeon Capital Management LLC lifted its stake in shares of Northrop Grumman by 12.4% in the third quarter. Alkeon Capital Management LLC now owns 357,074 shares of the aerospace company’s stock worth $102,737,000 after acquiring an additional 39,500 shares in the last quarter. Piedmont Investment Advisors LLC lifted its stake in shares of Northrop Grumman by 0.9% in the third quarter. Piedmont Investment Advisors LLC now owns 34,845 shares of the aerospace company’s stock worth $10,026,000 after acquiring an additional 320 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Northrop Grumman by 3.5% during the third quarter. California Public Employees Retirement System now owns 475,777 shares of the aerospace company’s stock valued at $136,891,000 after buying an additional 15,876 shares in the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.

Northrop Grumman Co. (NOC) opened at $310.47 on Friday. Northrop Grumman Co. has a fifty-two week low of $223.88 and a fifty-two week high of $311.15. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $53,426.43, a P/E ratio of 23.39, a PEG ratio of 3.09 and a beta of 0.69.

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

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is presently 29.81%.

NOC has been the topic of several research reports. Cowen restated a “hold” rating and set a $300.00 price objective (up previously from $275.00) on shares of Northrop Grumman in a research note on Thursday, October 26th. Royal Bank of Canada set a $374.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research note on Thursday, November 16th. Bank of America set a $350.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research note on Friday, October 27th. Goldman Sachs Group set a $320.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research cut Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Northrop Grumman presently has a consensus rating of “Buy” and an average price target of $298.67.

In other Northrop Grumman news, VP Sid Ashworth sold 6,311 shares of the 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 transaction, the vice president now directly owns 63,147 shares of the company’s stock, valued at $18,817,806. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Gloria A. Flach sold 7,741 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following 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 21,417 shares of company stock worth $6,365,189 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

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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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