Boston Advisors LLC Sells 1,922 Shares of Northrop Grumman Corporation (NYSE:NOC)

Boston Advisors LLC reduced its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 48,385 shares of the aerospace company’s stock after selling 1,922 shares during the period. Boston Advisors LLC’s holdings in Northrop Grumman Corporation were worth $13,921,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Shelton Capital Management grew its position in Northrop Grumman Corporation by 70.5% during the 1st quarter. Shelton Capital Management now owns 17,200 shares of the aerospace company’s stock worth $4,091,000 after purchasing an additional 7,112 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Northrop Grumman Corporation in the third quarter valued at about $30,405,000. Caxton Associates LP purchased a new stake in shares of Northrop Grumman Corporation in the second quarter valued at about $5,134,000. Renaissance Technologies LLC boosted its holdings in shares of Northrop Grumman Corporation by 331.4% in the first quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock valued at $235,271,000 after acquiring an additional 759,900 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Northrop Grumman Corporation by 4.4% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,847 shares of the aerospace company’s stock valued at $7,289,000 after acquiring an additional 1,180 shares in the last quarter. 81.51% of the stock is currently owned by institutional investors.

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Several analysts have recently weighed in on NOC shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Argus lifted their target price on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 4th. Royal Bank of Canada set a $294.00 target price on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. BidaskClub raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 target price on the stock in a report on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $292.01.

In other Northrop Grumman Corporation news, VP Denise M. Peppard sold 5,037 shares of Northrop Grumman Corporation stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the completion of the transaction, the vice president now owns 58,186 shares in the company, valued at $17,203,854.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Denise M. Peppard sold 2,328 shares of Northrop Grumman Corporation 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 sale, the vice president now owns 28,553 shares of the company’s stock, valued at $8,590,455.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,676 shares of company stock valued at $4,070,370. 0.70% of the stock is currently owned by company insiders.

Northrop Grumman Corporation (NYSE:NOC) opened at $298.13 on Friday. 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 stock has a market cap of $52,073.84, a PE ratio of 22.80, a price-to-earnings-growth ratio of 3.01 and a beta of 0.70. Northrop Grumman Corporation has a 52-week low of $220.72 and a 52-week high of $306.61.

Northrop Grumman Corporation (NYSE:NOC) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.76. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.35 earnings per share. equities analysts expect that Northrop Grumman Corporation will post 13.2 EPS for the current year.

Northrop Grumman Corporation 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 Corporation (NYSE:NOC)

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