Northrop Grumman Corporation (NYSE:NOC) Shares Bought by Davis R M Inc.

Davis R M Inc. boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 34.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,377 shares of the aerospace company’s stock after acquiring an additional 11,094 shares during the period. Davis R M Inc.’s holdings in Northrop Grumman Corporation were worth $12,480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Capital Advisors LLC purchased a new position in Northrop Grumman Corporation in the first quarter worth about $108,000. Hanseatic Management Services Inc. grew its position in Northrop Grumman Corporation by 12.8% during the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after buying an additional 48 shares during the period. First Personal Financial Services grew its position in Northrop Grumman Corporation by 39.0% during the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after buying an additional 121 shares during the period. Pittenger & Anderson Inc. grew its position in Northrop Grumman Corporation by 28.6% during the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after buying an additional 100 shares during the period. Finally, People s United Financial Inc. grew its position in Northrop Grumman Corporation by 9.2% during the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after buying an additional 40 shares during the period. 81.51% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the sale, the vice president now directly owns 58,186 shares in the company, valued at approximately $17,203,854.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Denise M. Peppard sold 2,328 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the sale, the vice president now owns 28,553 shares in the company, valued at $8,590,455.58. The disclosure for this sale can be found here. Insiders have sold a total of 13,676 shares of company stock worth $4,070,370 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

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Northrop Grumman Corporation (NYSE:NOC) traded down $1.01 on Friday, reaching $298.13. 391,800 shares of the company’s stock were exchanged, compared to its average volume of 779,492. Northrop Grumman Corporation has a 12 month low of $220.72 and a 12 month high of $306.61. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. The stock has a market cap of $52,073.84, a price-to-earnings ratio of 22.80, a PEG ratio of 3.01 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly 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 analyst estimates of $6.33 billion. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. Northrop Grumman Corporation’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $3.35 EPS. equities research analysts anticipate that Northrop Grumman Corporation will post 13.2 EPS for the current fiscal year.

NOC has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Cowen and Company reissued a “hold” rating and issued a $300.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, October 26th. Bank of America Corporation set a $350.00 price target on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research note on Friday, October 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) set a $320.00 price target on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research note on Thursday, October 26th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $292.01.

About Northrop Grumman Corporation

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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