Dowling & Yahnke LLC Raises Stake in Northrop Grumman Corporation (NOC)

Dowling & Yahnke LLC lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,901 shares of the aerospace company’s stock after acquiring an additional 604 shares during the period. Dowling & Yahnke LLC’s holdings in Northrop Grumman Corporation were worth $2,849,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NOC. Janus Henderson Group PLC increased its position in shares of Northrop Grumman Corporation by 41,518.7% during the second quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after acquiring an additional 2,912,953 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Northrop Grumman Corporation during the third quarter worth $198,126,000. HPM Partners LLC increased its position in shares of Northrop Grumman Corporation by 23,412.0% during the second quarter. HPM Partners LLC now owns 292,019 shares of the aerospace company’s stock worth $28,387,000 after acquiring an additional 290,777 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Northrop Grumman Corporation by 25.9% during the second quarter. Renaissance Technologies LLC now owns 1,245,400 shares of the aerospace company’s stock worth $319,707,000 after acquiring an additional 256,200 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Northrop Grumman Corporation during the second quarter worth $59,566,000. 81.68% of the stock is owned by institutional investors.

Shares of Northrop Grumman Corporation (NOC) traded up $3.25 during mid-day trading on Monday, reaching $300.10. 180,388 shares of the company’s stock were exchanged, compared to its average volume of 774,934. The firm has a market capitalization of $51,680.00, a PE ratio of 22.63, a P/E/G ratio of 2.99 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. Northrop Grumman Corporation has a 12-month low of $220.72 and a 12-month high of $306.61.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.76. The firm 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 company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.35 earnings per share. research analysts expect that Northrop Grumman Corporation will post 13.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders 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 yield of 1.33%. The ex-dividend date is Friday, December 1st. Northrop Grumman Corporation’s dividend payout ratio is currently 29.81%.

In other Northrop Grumman Corporation news, VP Denise M. Peppard sold 5,037 shares of the stock in a transaction on 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 completion of the sale, the vice president now owns 58,186 shares in the company, valued at $17,203,854.62. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Denise M. Peppard sold 2,328 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $8,590,455.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,417 shares of company stock valued at $6,365,189. Corporate insiders own 0.70% of the company’s stock.

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NOC has been the subject of several research reports. Bank of America Corporation set a $350.00 price objective on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Friday, October 27th. Royal Bank Of Canada set a $374.00 price objective on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Thursday. Cowen and Company reaffirmed a “hold” rating and issued a $300.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Stifel Nicolaus raised their target price on shares of Northrop Grumman Corporation from $255.00 to $300.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Northrop Grumman Corporation currently has a consensus rating of “Buy” and a consensus target price of $293.93.

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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