Optimum Investment Advisors boosted its stake in Northrop Grumman Co. (NYSE:NOC) by 23.9% during the fourth quarter, HoldingsChannel reports. The firm owned 389 shares of the aerospace company’s stock after buying an additional 75 shares during the period. Optimum Investment Advisors’ holdings in Northrop Grumman were worth $134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Johanson Financial Advisors Inc. increased its holdings in shares of Northrop Grumman by 34,416.4% in the 4th quarter. Johanson Financial Advisors Inc. now owns 553,298 shares of the aerospace company’s stock worth $1,609,000 after buying an additional 551,695 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Northrop Grumman by 4,367.2% during the 3rd quarter. Millennium Management LLC now owns 132,944 shares of the aerospace company’s stock valued at $49,826,000 after buying an additional 129,968 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Northrop Grumman during the 3rd quarter valued at about $46,550,000. Natixis raised its holdings in shares of Northrop Grumman by 264.5% during the 2nd quarter. Natixis now owns 147,490 shares of the aerospace company’s stock valued at $47,655,000 after buying an additional 107,022 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Northrop Grumman by 27.6% in the 3rd quarter. California Public Employees Retirement System now owns 400,388 shares of the aerospace company’s stock worth $150,061,000 after buying an additional 86,716 shares during the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds.

NOC opened at $381.17 on Friday. The stock’s 50 day simple moving average is $358.72 and its 200 day simple moving average is $356.04. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.29 and a quick ratio of 1.19. Northrop Grumman Co. has a 1 year low of $263.29 and a 1 year high of $384.68. The firm has a market cap of $63.25 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.25 and a beta of 0.76.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, October 24th. The aerospace company reported $5.49 EPS for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.75. Northrop Grumman had a return on equity of 39.12% and a net margin of 9.05%. The business had revenue of $8.48 billion for the quarter, compared to analysts’ expectations of $8.56 billion. During the same period in the previous year, the firm earned $6.54 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Northrop Grumman Co. will post 20.39 EPS for the current year.

Several analysts have issued reports on the company. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $367.00 target price for the company in a research note on Monday, December 30th. TheStreet downgraded shares of Northrop Grumman from a “b-” rating to a “c+” rating in a research note on Tuesday, December 24th. Morgan Stanley boosted their price objective on shares of Northrop Grumman from $437.00 to $449.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Barclays restated a “buy” rating and issued a $455.00 price objective on shares of Northrop Grumman in a report on Thursday. Finally, ValuEngine raised shares of Northrop Grumman from a “strong sell” rating to a “sell” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $379.09.

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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