Northern Trust Corp Has $478.05 Million Position in Northrop Grumman Corporation (NOC)

Northern Trust Corp lessened its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,862,223 shares of the aerospace company’s stock after selling 20,397 shares during the period. Northern Trust Corp owned approximately 1.07% of Northrop Grumman Corporation worth $478,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Public Sector Pension investment Board increased its holdings in Northrop Grumman Corporation by 9.5% during the 2nd quarter. Public Sector Pension investment Board now owns 82,954 shares of the aerospace company’s stock worth $21,295,000 after acquiring an additional 7,200 shares during the period. D.A. Davidson & CO. increased its holdings in Northrop Grumman Corporation by 507.2% during the 2nd quarter. D.A. Davidson & CO. now owns 9,175 shares of the aerospace company’s stock worth $2,355,000 after acquiring an additional 7,664 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Northrop Grumman Corporation by 13.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 588,008 shares of the aerospace company’s stock worth $150,948,000 after acquiring an additional 68,605 shares during the period. Quantitative Investment Management LLC increased its holdings in Northrop Grumman Corporation by 115.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 80,900 shares of the aerospace company’s stock worth $20,767,000 after acquiring an additional 43,400 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in Northrop Grumman Corporation by 36.6% during the 2nd quarter. Lazard Asset Management LLC now owns 127,251 shares of the aerospace company’s stock worth $32,666,000 after acquiring an additional 34,070 shares during the period. 81.37% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Royal Bank Of Canada set a $294.00 price target on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Jefferies Group LLC reissued a “hold” rating and issued a $243.00 price target on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Stifel Nicolaus reissued a “hold” rating and issued a $255.00 price target (up previously from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Northrop Grumman Corporation has an average rating of “Buy” and an average price target of $272.01.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total transaction of $96,612.75. Following the completion of the transaction, the vice president now directly owns 961 shares of the company’s stock, valued at $252,983.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Shares of Northrop Grumman Corporation (NOC) traded up 0.94% during midday trading on Wednesday, reaching $280.94. 311,230 shares of the company’s stock traded hands. The company has a market capitalization of $48.91 billion, a price-to-earnings ratio of 21.46 and a beta of 0.66. The company has a 50-day moving average of $269.39 and a 200-day moving average of $255.59. Northrop Grumman Corporation has a one year low of $210.60 and a one year high of $281.19.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, topping the consensus estimate of $2.84 by $0.31. The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. Northrop Grumman Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.85 earnings per share. Equities research analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, August 24th. Northrop Grumman Corporation’s payout ratio is 30.56%.

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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