Northrop Grumman Corporation (NOC) Shares Sold by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,776 shares of the aerospace company’s stock after selling 4,040 shares during the quarter. Pictet Asset Management Ltd. owned 0.06% of Northrop Grumman Corporation worth $29,858,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Segment Wealth Management LLC purchased a new position in shares of Northrop Grumman Corporation in the third quarter valued at $210,000. First Manhattan Co. increased its position in shares of Northrop Grumman Corporation by 2.6% in the third quarter. First Manhattan Co. now owns 15,340 shares of the aerospace company’s stock valued at $4,413,000 after buying an additional 395 shares in the last quarter. Doyle Wealth Management purchased a new position in shares of Northrop Grumman Corporation in the third quarter valued at $283,000. Highstreet Asset Management Inc. increased its position in shares of Northrop Grumman Corporation by 101.2% in the third quarter. Highstreet Asset Management Inc. now owns 1,499 shares of the aerospace company’s stock valued at $431,000 after buying an additional 754 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Northrop Grumman Corporation by 38.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 90,000 shares of the aerospace company’s stock valued at $25,895,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 81.50% of the company’s stock.

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NOC has been the subject of a number of research analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $255.00 price target (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Cowen and Company restated a “hold” rating and issued a $300.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, October 26th. Bank of America Corporation set a $350.00 price objective on Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Friday, October 27th. Deutsche Bank AG reiterated a “buy” rating and set a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) set a $320.00 price objective on Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Thursday, October 26th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $290.54.

In other Northrop Grumman Corporation news, VP Sid Ashworth sold 6,311 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $298.00, for a total value of $1,880,678.00. Following the sale, the vice president now directly owns 63,147 shares of the company’s stock, valued at approximately $18,817,806. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Denise M. Peppard sold 5,037 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was 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 directly owns 58,186 shares in the company, valued at $17,203,854.62. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at $301.66 on Friday. 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 company has a market capitalization of $52.46 billion, a PE ratio of 22.97, a PEG ratio of 3.03 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last issued 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. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the company earned $3.35 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts anticipate 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.

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

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