AE Wealth Management LLC raised its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 28.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,384 shares of the aerospace company’s stock after buying an additional 1,866 shares during the period. AE Wealth Management LLC’s holdings in Northrop Grumman were worth $2,536,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NOC. Cerebellum GP LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at $537,000. We Are One Seven LLC boosted its stake in shares of Northrop Grumman by 50.0% during the 4th quarter. We Are One Seven LLC now owns 1,287 shares of the aerospace company’s stock valued at $442,000 after buying an additional 429 shares during the period. Vigilant Capital Management LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at $52,000. Canandaigua National Bank & Trust Co. boosted its stake in shares of Northrop Grumman by 3.9% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 3,244 shares of the aerospace company’s stock valued at $1,116,000 after buying an additional 123 shares during the period. Finally, Manchester Financial Inc. acquired a new stake in shares of Northrop Grumman during the 4th quarter valued at $54,000. 83.18% of the stock is owned by institutional investors.

NYSE NOC opened at $321.63 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.29 and a quick ratio of 1.21. The firm has a market capitalization of $53.62 billion, a price-to-earnings ratio of 24.24 and a beta of 0.81. The company’s fifty day moving average is $328.53 and its two-hundred day moving average is $345.41. Northrop Grumman Co. has a 52-week low of $263.31 and a 52-week high of $385.01.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $5.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.51 by ($0.36). The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.54 billion. Northrop Grumman had a return on equity of 39.22% and a net margin of 6.57%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.06 earnings per share. As a group, sell-side analysts expect that Northrop Grumman Co. will post 22.1 earnings per share for the current fiscal year.

In other news, CAO Michael A. Hardesty sold 295 shares of Northrop Grumman stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $367.26, for a total transaction of $108,341.70. Following the sale, the chief accounting officer now directly owns 6,750 shares in the company, valued at approximately $2,479,005. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mary D. Petryszyn sold 1,200 shares of Northrop Grumman stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $370.95, for a total transaction of $445,140.00. Following the sale, the vice president now owns 8,901 shares in the company, valued at $3,301,825.95. The disclosure for this sale can be found here. Insiders sold a total of 12,455 shares of company stock worth $4,401,151 over the last 90 days. Company insiders own 0.27% of the company’s stock.

A number of research firms have recently weighed in on NOC. Cowen upgraded shares of Northrop Grumman from a “market perform” rating to an “outperform” rating and raised their price target for the company from $360.00 to $370.00 in a report on Friday. Morgan Stanley raised their price target on shares of Northrop Grumman from $380.00 to $412.00 and gave the company an “overweight” rating in a report on Tuesday, April 14th. ValuEngine downgraded shares of Northrop Grumman from a “hold” rating to a “sell” rating in a report on Wednesday, April 1st. Goldman Sachs Group downgraded shares of Northrop Grumman from a “buy” rating to a “sell” rating and cut their price target for the company from $409.00 to $337.00 in a report on Monday, February 3rd. Finally, Sanford C. Bernstein upgraded shares of Northrop Grumman from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $438.00 to $386.00 in a report on Monday, March 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $389.10.

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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