Northwestern Mutual Wealth Management Co. Has $1.92 Million Stake in Northrop Grumman Co. (NOC)

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Northwestern Mutual Wealth Management Co. lifted its position in Northrop Grumman Co. (NYSE:NOC) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,054 shares of the aerospace company’s stock after acquiring an additional 655 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Northrop Grumman were worth $1,921,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NOC. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Northrop Grumman in the 2nd quarter worth about $114,000. Meeder Asset Management Inc. purchased a new position in Northrop Grumman in the 2nd quarter worth about $115,000. Fort L.P. purchased a new position in Northrop Grumman in the 2nd quarter worth about $117,000. WESPAC Advisors SoCal LLC purchased a new position in Northrop Grumman in the 3rd quarter worth about $126,000. Finally, Kaizen Advisory LLC increased its stake in Northrop Grumman by 156.2% in the 2nd quarter. Kaizen Advisory LLC now owns 433 shares of the aerospace company’s stock worth $133,000 after buying an additional 264 shares during the period. Hedge funds and other institutional investors own 82.16% of the company’s stock.

NYSE NOC opened at $285.73 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.17 and a debt-to-equity ratio of 1.53. The stock has a market cap of $49.64 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. Northrop Grumman Co. has a one year low of $251.66 and a one year high of $360.88.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Wednesday, October 24th. The aerospace company reported $6.54 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $2.19. The business had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $7.99 billion. Northrop Grumman had a net margin of 9.62% and a return on equity of 38.27%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.67 EPS. On average, equities research analysts expect that Northrop Grumman Co. will post 19.06 EPS for the current year.

In other Northrop Grumman news, VP Sheila C. Cheston sold 10,440 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $320.00, for a total transaction of $3,340,800.00. Following the transaction, the vice president now owns 43,696 shares of the company’s stock, valued at approximately $13,982,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Patrick M. Antkowiak sold 5,137 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $310.00, for a total transaction of $1,592,470.00. Following the transaction, the vice president now directly owns 5,371 shares in the company, valued at approximately $1,665,010. The disclosure for this sale can be found here. Insiders have sold a total of 33,557 shares of company stock worth $10,005,222 in the last three months. Insiders own 0.62% of the company’s stock.

Several research firms recently commented on NOC. ValuEngine raised shares of Northrop Grumman from a “sell” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $300.00 price target on shares of Northrop Grumman in a research note on Thursday, July 26th. Goldman Sachs Group reduced their price target on shares of Northrop Grumman to $414.00 and set a “conviction-buy” rating on the stock in a research note on Thursday, July 26th. Credit Suisse Group reduced their price target on shares of Northrop Grumman from $341.00 to $326.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. Finally, Buckingham Research raised shares of Northrop Grumman from a “neutral” rating to a “buy” rating and raised their price target for the stock from $246.00 to $371.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Northrop Grumman has an average rating of “Buy” and a consensus target price of $357.18.

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Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

Further Reading: Fundamental Analysis and Individual Investors

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

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