Todays Report: Today: Ngam Advisors L.P. Sold shares of Northrop Grumman Corp. (NOC)

Today: Ngam Advisors L.P. Sold shares of Northrop Grumman Corp. (NOC)

Ngam Advisors L.P. decreased its stake in Northrop Grumman Corp. (NYSE:NOC) by 5.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,127 shares of the company’s stock after selling 4,117 shares during the period. Ngam Advisors L.P.’s holdings in Northrop Grumman Corp. were worth $14,577,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in Northrop Grumman Corp. by 13.9% in the second quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $106,000 after buying an additional 61 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in Northrop Grumman Corp. by 446.7% in the second quarter. Dubuque Bank & Trust Co. now owns 492 shares of the company’s stock valued at $109,000 after buying an additional 402 shares in the last quarter. Community Bank N.A. boosted its stake in Northrop Grumman Corp. by 4.0% in the third quarter. Community Bank N.A. now owns 520 shares of the company’s stock valued at $111,000 after buying an additional 20 shares in the last quarter. Integrated Wealth Management boosted its stake in Northrop Grumman Corp. by 148.3% in the third quarter. Integrated Wealth Management now owns 524 shares of the company’s stock valued at $112,000 after buying an additional 313 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Northrop Grumman Corp. by 140.4% in the third quarter. Penserra Capital Management LLC now owns 541 shares of the company’s stock valued at $115,000 after buying an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Northrop Grumman Corp. (NYSE:NOC) traded down 0.13% on Monday, reaching $248.25. The company’s stock had a trading volume of 163,283 shares. The company has a 50 day moving average of $230.44 and a 200 day moving average of $219.61. Northrop Grumman Corp. has a 52 week low of $175.00 and a 52 week high of $253.09. The firm has a market capitalization of $43.76 billion, a price-to-earnings ratio of 21.19 and a beta of 0.66.

Northrop Grumman Corp. (NYSE:NOC) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $3.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.81 by $0.54. Northrop Grumman Corp. had a return on equity of 34.10% and a net margin of 8.96%. The company earned $6.20 billion during the quarter, compared to analyst estimates of $6.01 billion. During the same period in the previous year, the business earned $2.75 EPS. Northrop Grumman Corp.’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Northrop Grumman Corp. will post $11.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Monday, December 5th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, December 1st. Northrop Grumman Corp.’s dividend payout ratio is currently 30.72%.

NOC has been the subject of several research analyst reports. Citigroup Inc. increased their target price on Northrop Grumman Corp. from $235.00 to $243.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Argus reissued a “buy” rating on shares of Northrop Grumman Corp. in a research note on Tuesday, August 2nd. Zacks Investment Research raised Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $252.00 price target for the company in a research note on Friday, October 28th. Jefferies Group reissued a “buy” rating and set a $260.00 price target (up from $250.00) on shares of Northrop Grumman Corp. in a research note on Friday, October 28th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Northrop Grumman Corp. in a research note on Monday, November 14th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Northrop Grumman Corp. presently has a consensus rating of “Buy” and a consensus price target of $236.16.

In other news, CFO Kenneth L. Bedingfield sold 125 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $213.00, for a total transaction of $26,625.00. Following the transaction, the chief financial officer now directly owns 18,501 shares in the company, valued at approximately $3,940,713. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Christopher T. Jones sold 240 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $212.20, for a total value of $50,928.00. Following the transaction, the vice president now owns 47,780 shares in the company, valued at $10,138,916. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Northrop Grumman Corp. Company Profile

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