Grandview Asset Management LLC purchased a new stake in shares of Northrop Grumman Co. (NYSE:NOC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,329 shares of the aerospace company’s stock, valued at approximately $2,530,000. Northrop Grumman accounts for about 2.7% of Grandview Asset Management LLC’s holdings, making the stock its 9th largest holding.

A number of other large investors also recently added to or reduced their stakes in NOC. Paradigm Asset Management Co. LLC grew its position in shares of Northrop Grumman by 15.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 8,050 shares of the aerospace company’s stock worth $2,555,000 after buying an additional 1,050 shares in the last quarter. Highwater Wealth Management LLC bought a new position in shares of Northrop Grumman during the 4th quarter worth $168,000. Richard Bernstein Advisors LLC grew its position in shares of Northrop Grumman by 97.0% during the 3rd quarter. Richard Bernstein Advisors LLC now owns 25,591 shares of the aerospace company’s stock worth $8,122,000 after buying an additional 12,603 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Northrop Grumman during the 4th quarter worth $789,000. Finally, Virtu Financial LLC grew its position in shares of Northrop Grumman by 165.1% during the 3rd quarter. Virtu Financial LLC now owns 2,471 shares of the aerospace company’s stock worth $784,000 after buying an additional 1,539 shares in the last quarter. Institutional investors own 87.31% of the company’s stock.

Shares of NOC stock opened at $280.62 on Monday. Northrop Grumman Co. has a 1-year low of $223.63 and a 1-year high of $360.88. The stock has a market cap of $47.63 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.24 and a beta of 0.89. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.09 and a current ratio of 1.17.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, January 31st. The aerospace company reported $4.93 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.48. Northrop Grumman had a return on equity of 41.24% and a net margin of 9.73%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the company earned $2.82 earnings per share. On average, equities analysts anticipate that Northrop Grumman Co. will post 18.98 earnings per share for the current fiscal year.

Northrop Grumman announced that its board has approved a share repurchase plan on Tuesday, December 4th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the aerospace company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

A number of equities analysts have recently issued reports on NOC shares. Credit Suisse Group reissued a “buy” rating on shares of Northrop Grumman in a research report on Thursday, January 31st. Morgan Stanley dropped their price target on Northrop Grumman from $346.00 to $318.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 14th. Jefferies Financial Group dropped their price target on Northrop Grumman from $400.00 to $324.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Zacks Investment Research downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Drexel Hamilton reissued a “buy” rating and set a $335.00 price target on shares of Northrop Grumman in a research report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $336.94.

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Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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

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