Northrop Grumman Co. (NYSE:NOC) Stake Increased by LPL Financial LLC

LPL Financial LLC grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,116 shares of the aerospace company’s stock after purchasing an additional 6,101 shares during the period. LPL Financial LLC owned approximately 0.07% of Northrop Grumman worth $42,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new position in shares of Northrop Grumman in the third quarter worth $5,643,000. E Fund Management Co. Ltd. acquired a new position in Northrop Grumman during the first quarter worth $88,000. Advisors Capital Management LLC increased its position in Northrop Grumman by 58.3% during the first quarter. Advisors Capital Management LLC now owns 1,121 shares of the aerospace company’s stock worth $362,000 after buying an additional 413 shares during the last quarter. Quadrant Capital Group LLC increased its position in Northrop Grumman by 22.2% during the first quarter. Quadrant Capital Group LLC now owns 816 shares of the aerospace company’s stock worth $264,000 after buying an additional 148 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its position in Northrop Grumman by 49.1% during the first quarter. Ensign Peak Advisors Inc now owns 52,565 shares of the aerospace company’s stock worth $17,012,000 after buying an additional 17,308 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

A number of equities research analysts have issued reports on NOC shares. Wells Fargo & Company upped their price target on shares of Northrop Grumman from $330.00 to $335.00 and gave the company an “underweight” rating in a report on Monday, August 2nd. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $392.00 target price for the company in a research note on Wednesday, October 6th. Seaport Global Securities increased their target price on shares of Northrop Grumman from $398.00 to $419.00 and gave the company a “buy” rating in a research note on Monday, July 19th. Finally, The Goldman Sachs Group upgraded shares of Northrop Grumman from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research note on Thursday, September 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $395.10.

In related news, VP Thomas H. Jones sold 470 shares of the business’s stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $361.35, for a total value of $169,834.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mary D. Petryszyn sold 892 shares of Northrop Grumman stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $358.65, for a total transaction of $319,915.80. Following the completion of the sale, the vice president now owns 12,991 shares in the company, valued at $4,659,222.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,597 shares of company stock worth $576,700. Insiders own 0.25% of the company’s stock.

Shares of Northrop Grumman stock opened at $388.70 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.49 and a quick ratio of 1.39. The firm has a market cap of $62.23 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.59 and a beta of 0.84. The firm has a 50 day simple moving average of $363.59 and a 200 day simple moving average of $361.05. Northrop Grumman Co. has a fifty-two week low of $282.88 and a fifty-two week high of $396.58.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, July 29th. The aerospace company reported $6.42 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $0.67. Northrop Grumman had a net margin of 12.10% and a return on equity of 39.32%. The firm had revenue of $9.15 billion during the quarter, compared to analyst estimates of $8.71 billion. On average, sell-side analysts expect that Northrop Grumman Co. will post 24.83 EPS for the current year.

The company also recently declared a dividend, which was paid on Thursday, September 2nd. Stockholders of record on Monday, August 23rd were given a dividend of $0.14 per share. The ex-dividend date was Friday, August 20th. This represents a dividend yield of 0.15%. Northrop Grumman’s dividend payout ratio is 26.55%.

Northrop Grumman Company Profile

Northrop Grumman Corp. is an aerospace and defense company, which engages in the provision of security businesses. It creates and delivers platforms, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.

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

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