UMB Bank N A MO purchased a new stake in shares of Northrop Grumman Co. (NYSE:NOC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 821 shares of the aerospace company’s stock, valued at approximately $265,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Northrop Grumman in the 2nd quarter valued at approximately $9,784,000. Trust Co. of Toledo NA OH bought a new stake in shares of Northrop Grumman in the 1st quarter valued at approximately $231,000. First Personal Financial Services grew its stake in shares of Northrop Grumman by 6.5% in the 1st quarter. First Personal Financial Services now owns 658 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 40 shares during the period. Brinker Capital Inc. grew its stake in shares of Northrop Grumman by 40.1% in the 1st quarter. Brinker Capital Inc. now owns 33,347 shares of the aerospace company’s stock valued at $8,990,000 after purchasing an additional 9,544 shares during the period. Finally, Westwood Holdings Group Inc. grew its stake in shares of Northrop Grumman by 1.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 245,284 shares of the aerospace company’s stock valued at $66,128,000 after purchasing an additional 2,777 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.
In other Northrop Grumman news, VP Patrick M. Antkowiak sold 1,932 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $310.00, for a total transaction of $598,920.00. Following the transaction, the vice president now owns 5,208 shares of the company’s stock, valued at approximately $1,614,480. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Madeleine Kleiner sold 971 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $315.16, for a total value of $306,020.36. Following the transaction, the director now directly owns 16,675 shares in the company, valued at approximately $5,255,293. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,740 shares of company stock worth $5,087,496. Company insiders own 0.45% of the company’s stock.
NYSE:NOC traded down $5.39 during trading hours on Wednesday, hitting $365.27. 12,669 shares of the stock were exchanged, compared to its average volume of 933,022. The company’s 50 day moving average is $336.94. Northrop Grumman Co. has a twelve month low of $223.63 and a twelve month high of $377.34. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.25 and a quick ratio of 1.15. The firm has a market capitalization of $62.69 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.52 and a beta of 0.81.
Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.64 by $0.42. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. The firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter in the prior year, the business earned $4.50 EPS. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, research analysts anticipate that Northrop Grumman Co. will post 19.63 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on NOC shares. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 30th. Credit Suisse Group increased their price target on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Barclays increased their price target on Northrop Grumman from $325.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Robert W. Baird increased their price target on Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Finally, UBS Group increased their price target on Northrop Grumman from $300.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $345.93.
Northrop Grumman Profile
Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.
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