San Francisco Sentry Investment Group CA Boosts Stake in Northrop Grumman Co. (NYSE:NOC)

San Francisco Sentry Investment Group CA lifted its position in shares of Northrop Grumman Co. (NYSE:NOC) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,521 shares of the aerospace company’s stock after purchasing an additional 34 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Northrop Grumman were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cohen Klingenstein LLC acquired a new position in Northrop Grumman in the third quarter valued at approximately $607,000. NEXT Financial Group Inc lifted its stake in Northrop Grumman by 8.3% in the third quarter. NEXT Financial Group Inc now owns 2,952 shares of the aerospace company’s stock valued at $1,106,000 after buying an additional 225 shares during the period. Fulton Breakefield Broenniman LLC acquired a new position in Northrop Grumman in the third quarter valued at approximately $849,000. Envestnet Asset Management Inc. lifted its stake in Northrop Grumman by 1.7% in the third quarter. Envestnet Asset Management Inc. now owns 52,057 shares of the aerospace company’s stock valued at $19,511,000 after buying an additional 857 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in Northrop Grumman in the third quarter valued at approximately $206,000. Institutional investors own 83.34% of the company’s stock.

NYSE:NOC traded up $6.68 during trading on Friday, reaching $350.11. The company’s stock had a trading volume of 798,913 shares, compared to its average volume of 964,663. The firm has a market cap of $56.94 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.27 and a beta of 0.78. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.19 and a current ratio of 1.29. The firm has a 50 day moving average of $359.47 and a 200-day moving average of $337.22. Northrop Grumman Co. has a 12 month low of $223.63 and a 12 month high of $383.89.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $5.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.75. The firm had revenue of $8.48 billion during the quarter, compared to the consensus estimate of $8.56 billion. Northrop Grumman had a return on equity of 39.12% and a net margin of 9.05%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.54 EPS. Equities research analysts forecast that Northrop Grumman Co. will post 20.38 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on NOC. Credit Suisse Group upped their target price on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Morgan Stanley upped their target price on Northrop Grumman from $418.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. ValuEngine raised Northrop Grumman from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Sanford C. Bernstein upped their target price on Northrop Grumman from $374.00 to $385.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Finally, Bank of America reaffirmed a “buy” rating and set a $405.00 target price (up from $355.00) on shares of Northrop Grumman in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $365.08.

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

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