DAVENPORT & Co LLC grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 3.9% during the third quarter, Holdings Channel.com reports. The firm owned 3,335 shares of the aerospace company’s stock after acquiring an additional 126 shares during the period. DAVENPORT & Co LLC’s holdings in Northrop Grumman were worth $1,052,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Profund Advisors LLC boosted its stake in Northrop Grumman by 1.4% in the second quarter. Profund Advisors LLC now owns 2,406 shares of the aerospace company’s stock worth $740,000 after purchasing an additional 34 shares in the last quarter. Cambridge Trust Co. boosted its stake in Northrop Grumman by 3.7% in the second quarter. Cambridge Trust Co. now owns 997 shares of the aerospace company’s stock worth $324,000 after purchasing an additional 36 shares in the last quarter. Telemus Capital LLC boosted its stake in Northrop Grumman by 0.6% in the first quarter. Telemus Capital LLC now owns 6,077 shares of the aerospace company’s stock worth $2,037,000 after purchasing an additional 37 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in Northrop Grumman by 1.2% in the second quarter. Douglass Winthrop Advisors LLC now owns 3,106 shares of the aerospace company’s stock worth $955,000 after purchasing an additional 38 shares in the last quarter. Finally, Symmetry Partners LLC boosted its stake in Northrop Grumman by 1.4% in the second quarter. Symmetry Partners LLC now owns 2,881 shares of the aerospace company’s stock worth $886,000 after purchasing an additional 39 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

In related news, VP David T. Perry sold 5,091 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $326.83, for a total value of $1,663,891.53. Following the completion of the sale, the vice president now owns 9,508 shares in the company, valued at $3,107,499.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.27% of the company’s stock.

NOC has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $375.00 price objective on shares of Northrop Grumman in a research note on Thursday, June 25th. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $334.00 price target on the stock in a research note on Thursday, October 1st. Morgan Stanley started coverage on Northrop Grumman in a research note on Tuesday, September 8th. They set an “overweight” rating and a $470.00 price target on the stock. ValuEngine lowered Northrop Grumman from a “hold” rating to a “sell” rating in a research note on Thursday, October 1st. Finally, Royal Bank of Canada raised Northrop Grumman from a “sector perform” rating to an “outperform” rating and set a $391.00 price target on the stock in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $392.00.

NYSE NOC opened at $316.24 on Friday. The stock has a 50-day simple moving average of $330.01 and a 200 day simple moving average of $325.79. The company has a market capitalization of $52.72 billion, a PE ratio of 22.24 and a beta of 0.81. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 1.47. Northrop Grumman Co. has a 12 month low of $263.31 and a 12 month high of $385.01.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, July 30th. The aerospace company reported $6.01 EPS for the quarter, beating analysts’ consensus estimates of $5.32 by $0.69. The business had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.66 billion. Northrop Grumman had a return on equity of 40.24% and a net margin of 6.91%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.06 earnings per share. As a group, sell-side analysts predict that Northrop Grumman Co. will post 22.46 earnings per share for the current fiscal year.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company. It provides various systems, products, and solutions in autonomous systems, cyber, space, strike, and logistics and modernization, as well as in command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR) to customers in the United States and internationally.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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