People s United Financial Inc. Sells 124 Shares of Northrop Grumman Co. (NYSE:NOC)

People s United Financial Inc. trimmed its holdings in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,568 shares of the aerospace company’s stock after selling 124 shares during the quarter. People s United Financial Inc.’s holdings in Northrop Grumman were worth $2,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sanders Capital LLC raised its position in shares of Northrop Grumman by 37.4% in the fourth quarter. Sanders Capital LLC now owns 2,728,700 shares of the aerospace company’s stock worth $1,079,988,000 after acquiring an additional 742,676 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Northrop Grumman by 23.6% during the fourth quarter. Nuveen Asset Management LLC now owns 1,191,705 shares of the aerospace company’s stock worth $461,274,000 after purchasing an additional 227,433 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Northrop Grumman during the fourth quarter worth about $60,124,000. Dimensional Fund Advisors LP increased its stake in shares of Northrop Grumman by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 750,415 shares of the aerospace company’s stock worth $290,463,000 after purchasing an additional 82,482 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Northrop Grumman by 59.2% during the fourth quarter. Victory Capital Management Inc. now owns 142,871 shares of the aerospace company’s stock worth $55,301,000 after purchasing an additional 53,156 shares in the last quarter. 84.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NOC has been the subject of several research reports. Robert W. Baird raised shares of Northrop Grumman from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $488.00 to $529.00 in a research note on Friday, July 29th. Seaport Res Ptn reiterated a “buy” rating on shares of Northrop Grumman in a report on Tuesday, April 19th. Argus boosted their target price on shares of Northrop Grumman from $420.00 to $495.00 in a report on Thursday, May 12th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. Finally, Susquehanna Bancshares upped their price objective on shares of Northrop Grumman from $520.00 to $530.00 and gave the stock a “positive” rating in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $468.18.

Northrop Grumman Trading Up 1.5 %

Shares of NYSE:NOC opened at $486.87 on Tuesday. Northrop Grumman Co. has a 52 week low of $344.89 and a 52 week high of $492.30. The company’s 50 day moving average is $466.35 and its two-hundred day moving average is $448.83. The company has a current ratio of 1.30, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. The company has a market cap of $75.32 billion, a PE ratio of 13.55, a P/E/G ratio of 8.85 and a beta of 0.62.

Insider Activity at Northrop Grumman

In other news, VP Thomas L. Wilson, Jr. sold 582 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $482.00, for a total value of $280,524.00. Following the completion of the sale, the vice president now owns 2,094 shares in the company, valued at approximately $1,009,308. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Sheila C. Cheston sold 4,025 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $473.99, for a total value of $1,907,809.75. Following the completion of the sale, the vice president now directly owns 25,350 shares in the company, valued at $12,015,646.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas L. Wilson, Jr. sold 582 shares of Northrop Grumman stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $482.00, for a total transaction of $280,524.00. Following the transaction, the vice president now directly owns 2,094 shares in the company, valued at $1,009,308. The disclosure for this sale can be found here. Insiders have sold 14,607 shares of company stock valued at $7,007,034 in the last ninety days. Insiders own 0.26% of the company’s stock.

Northrop Grumman Profile

(Get Rating)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

Read More

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

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.