Northrop Grumman Corporation (NOC) Holdings Cut by Forsta AP Fonden

Forsta AP Fonden cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 35.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,617 shares of the aerospace company’s stock after selling 15,330 shares during the quarter. Forsta AP Fonden’s holdings in Northrop Grumman Corporation were worth $7,946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Northrop Grumman Corporation by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock worth $3,326,168,000 after purchasing an additional 192,667 shares during the period. BlackRock Inc. raised its position in shares of Northrop Grumman Corporation by 0.9% during the second quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock worth $3,307,687,000 after purchasing an additional 109,532 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Northrop Grumman Corporation by 5.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock worth $1,098,335,000 after purchasing an additional 239,260 shares during the period. Alliancebernstein L.P. raised its position in shares of Northrop Grumman Corporation by 4.8% during the second quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock worth $847,357,000 after purchasing an additional 151,154 shares during the period. Finally, Janus Henderson Group PLC raised 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 purchasing an additional 2,912,953 shares during the period. 81.51% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Denise M. Peppard sold 5,037 shares of the stock in a transaction on Wednesday, November 1st. The stock was 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 approximately $17,203,854.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of the stock in a transaction on 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 transaction, the vice president now owns 63,147 shares of the company’s stock, valued at approximately $18,817,806. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

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A number of equities analysts have recently weighed in on the company. Bank of America Corporation set a $350.00 target price on Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus upped their target price on Northrop Grumman Corporation from $255.00 to $300.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Cowen and Company reaffirmed a “hold” rating and set a $300.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) set a $320.00 target price on Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada upped their target price on Northrop Grumman Corporation from $324.00 to $347.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $290.54.

Northrop Grumman Corporation (NOC) opened at $301.66 on Monday. The stock has a market capitalization of $52,512.52, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. 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 data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (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 the consensus estimate of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.35 EPS. equities research analysts expect that Northrop Grumman Corporation will post 13.2 earnings per share for the current fiscal year.

Northrop Grumman Corporation 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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