First Quadrant L P CA boosted its position in Northrop Grumman Co. (NYSE:NOC) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 622 shares of the aerospace company’s stock after acquiring an additional 100 shares during the quarter. First Quadrant L P CA’s holdings in Northrop Grumman were worth $191,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Capital International Investors increased its stake in Northrop Grumman by 1.3% in the first quarter. Capital International Investors now owns 16,408,969 shares of the aerospace company’s stock valued at $4,964,548,000 after acquiring an additional 205,399 shares during the last quarter. Capital World Investors increased its stake in Northrop Grumman by 1.4% in the first quarter. Capital World Investors now owns 6,971,362 shares of the aerospace company’s stock valued at $2,109,196,000 after acquiring an additional 97,597 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Northrop Grumman by 12.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,818,653 shares of the aerospace company’s stock valued at $1,760,434,000 after acquiring an additional 629,137 shares during the last quarter. Wellington Management Group LLP increased its stake in Northrop Grumman by 87.6% in the first quarter. Wellington Management Group LLP now owns 5,709,638 shares of the aerospace company’s stock valued at $1,727,450,000 after acquiring an additional 2,666,917 shares during the last quarter. Finally, Morgan Stanley increased its stake in Northrop Grumman by 8.1% in the first quarter. Morgan Stanley now owns 941,414 shares of the aerospace company’s stock valued at $284,825,000 after acquiring an additional 70,424 shares during the last quarter. 83.97% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $375.00 target price on shares of Northrop Grumman in a research note on Thursday, June 25th. UBS Group decreased their target price on shares of Northrop Grumman from $410.00 to $373.00 and set a “neutral” rating on the stock in a research note on Thursday, June 11th. Morgan Stanley boosted their target price on shares of Northrop Grumman from $380.00 to $412.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. TheStreet cut shares of Northrop Grumman from a “b-” rating to a “c” rating in a research note on Monday, July 13th. Finally, Seaport Global Securities assumed coverage on shares of Northrop Grumman in a research note on Tuesday, May 19th. They set a “buy” rating and a $398.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $385.00.
Shares of NYSE:NOC opened at $325.01 on Friday. The firm has a market cap of $54.18 billion, a PE ratio of 22.86 and a beta of 0.79. The firm’s fifty day moving average is $308.15 and its 200-day moving average is $332.27. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.21 and a current ratio of 1.35. Northrop Grumman Co. has a 52 week low of $263.31 and a 52 week high of $385.01.
Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $6.01 EPS for the quarter, topping analysts’ consensus estimates of $5.32 by $0.69. The company had revenue of $8.88 billion for the quarter, compared to analyst estimates of $8.66 billion. Northrop Grumman had a net margin of 6.91% and a return on equity of 40.24%. Northrop Grumman’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.06 earnings per share. Sell-side analysts forecast that Northrop Grumman Co. will post 22.2 EPS for the current year.
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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