Northrop Grumman Co. (NYSE:NOC) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,223 shares of the aerospace company’s stock after acquiring an additional 149 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Northrop Grumman were worth $991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ZWJ Investment Counsel Inc. raised its stake in Northrop Grumman by 595.2% during the second quarter. ZWJ Investment Counsel Inc. now owns 25,888 shares of the aerospace company’s stock worth $7,959,000 after acquiring an additional 22,164 shares during the period. Pitcairn Co. raised its stake in Northrop Grumman by 4.4% during the second quarter. Pitcairn Co. now owns 4,559 shares of the aerospace company’s stock worth $1,401,000 after acquiring an additional 194 shares during the period. Beacon Investment Advisory Services Inc. raised its stake in Northrop Grumman by 0.7% during the second quarter. Beacon Investment Advisory Services Inc. now owns 34,834 shares of the aerospace company’s stock worth $10,709,000 after acquiring an additional 254 shares during the period. CIBC Asset Management Inc raised its stake in Northrop Grumman by 1.6% during the second quarter. CIBC Asset Management Inc now owns 16,789 shares of the aerospace company’s stock worth $5,162,000 after acquiring an additional 257 shares during the period. Finally, Vident Investment Advisory LLC raised its stake in Northrop Grumman by 4.4% during the second quarter. Vident Investment Advisory LLC now owns 4,174 shares of the aerospace company’s stock worth $1,283,000 after acquiring an additional 174 shares during the period. Hedge funds and other institutional investors own 83.97% of the company’s stock.

Several research analysts have commented on NOC shares. Cowen upgraded shares of Northrop Grumman from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $360.00 to $370.00 in a research report on Friday, May 15th. UBS Group decreased their target price on shares of Northrop Grumman from $410.00 to $373.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Zacks Investment Research upgraded shares of Northrop Grumman from a “sell” rating to a “hold” rating and set a $320.00 target price for the company in a research report on Thursday, June 25th. TheStreet cut shares of Northrop Grumman from a “b-” rating to a “c” rating in a research report on Monday, July 13th. Finally, ValuEngine upgraded shares of Northrop Grumman from a “sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $385.00.

Northrop Grumman stock opened at $325.01 on Friday. The firm has a 50 day simple moving average of $308.15 and a 200-day simple moving average of $332.27. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market capitalization of $54.18 billion, a PE ratio of 14.60 and a beta of 0.79. Northrop Grumman Co. has a 12-month low of $263.31 and a 12-month high of $385.01.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, July 30th. The aerospace company reported $6.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.32 by $0.69. The business had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.66 billion. Northrop Grumman had a net margin of 6.91% and a return on equity of 40.24%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $5.06 earnings per share. On average, analysts forecast that Northrop Grumman Co. will post 22.2 earnings per share for the current fiscal year.

Northrop Grumman Company 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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