First Trust Advisors LP Boosts Position in Northrop Grumman Corporation (NOC)

First Trust Advisors LP lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,761 shares of the aerospace company’s stock after purchasing an additional 13,339 shares during the period. First Trust Advisors LP owned 0.07% of Northrop Grumman Corporation worth $35,896,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Northrop Grumman Corporation by 1.5% during the 2nd 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 last quarter. BlackRock Inc. increased its stake in shares of Northrop Grumman Corporation by 0.9% during the 2nd 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 last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Northrop Grumman Corporation by 5.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock worth $1,098,335,000 after buying an additional 239,260 shares during the period. Alliancebernstein L.P. boosted its holdings in Northrop Grumman Corporation by 4.8% in the 2nd quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock worth $847,357,000 after buying an additional 151,154 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Northrop Grumman Corporation by 41,518.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after buying an additional 2,912,953 shares during the period. Institutional investors own 81.93% of the company’s stock.

Several research firms recently commented on NOC. Zacks Investment Research downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. 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 report on Friday, October 27th. Stifel Nicolaus raised their price objective on shares of Northrop Grumman Corporation from $255.00 to $300.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Cowen and Company reaffirmed a “hold” rating and issued a $300.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, October 26th. Finally, Goldman Sachs Group, Inc. (The) set a $320.00 price objective on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Northrop Grumman Corporation currently has a consensus rating of “Buy” and an average price target of $292.01.

In other Northrop Grumman Corporation news, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 58,186 shares in the company, valued at $17,203,854.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Denise M. Peppard sold 2,328 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 28,553 shares in the company, valued at approximately $8,590,455.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,676 shares of company stock worth $4,070,370. 0.70% of the stock is owned by corporate insiders.

Northrop Grumman Corporation (NOC) traded up $0.35 during midday trading on Tuesday, hitting $298.48. 656,100 shares of the stock were exchanged, compared to its average volume of 778,929. Northrop Grumman Corporation has a 52 week low of $220.72 and a 52 week high of $306.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. The company has a market cap of $51,898.02, a P/E ratio of 22.72, a P/E/G ratio of 3.00 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data 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 net margin of 9.24% and a return on equity of 39.76%. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the firm posted $3.35 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. sell-side analysts predict that Northrop Grumman Corporation will post 13.2 earnings per share for the current fiscal year.

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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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