Northrop Grumman Co. (NOC) Holdings Increased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV raised its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 5.7% during the 1st quarter, Holdings Channel reports. The firm owned 12,536 shares of the aerospace company’s stock after acquiring an additional 675 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Northrop Grumman were worth $3,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NOC. Millennium Management LLC boosted its stake in Northrop Grumman by 198.8% during the 4th quarter. Millennium Management LLC now owns 568,441 shares of the aerospace company’s stock valued at $139,211,000 after purchasing an additional 378,176 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Northrop Grumman by 7.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,072,281 shares of the aerospace company’s stock valued at $1,242,203,000 after purchasing an additional 355,364 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Northrop Grumman by 5,821.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 263,566 shares of the aerospace company’s stock valued at $64,547,000 after purchasing an additional 259,115 shares during the last quarter. California Public Employees Retirement System boosted its stake in Northrop Grumman by 44.3% during the 4th quarter. California Public Employees Retirement System now owns 820,741 shares of the aerospace company’s stock valued at $200,999,000 after purchasing an additional 251,945 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in Northrop Grumman by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 13,591,668 shares of the aerospace company’s stock valued at $4,313,588,000 after purchasing an additional 176,809 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Shares of Northrop Grumman stock opened at $295.64 on Wednesday. The stock has a market cap of $50.17 billion, a PE ratio of 13.86, a PEG ratio of 1.19 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.59. Northrop Grumman Co. has a twelve month low of $223.63 and a twelve month high of $340.14.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $5.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.59 by $0.47. The firm had revenue of $8.19 billion during the quarter, compared to analyst estimates of $8.34 billion. Northrop Grumman had a return on equity of 41.42% and a net margin of 9.67%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.21 earnings per share. Analysts anticipate that Northrop Grumman Co. will post 19.39 earnings per share for the current fiscal year.

In other Northrop Grumman news, Chairman Wesley G. Bush sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $291.59, for a total value of $14,579,500.00. Following the completion of the sale, the chairman now owns 46,275 shares of the company’s stock, valued at $13,493,327.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Janis G. Pamiljans sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $285.12, for a total transaction of $712,800.00. Following the completion of the sale, the vice president now directly owns 6,732 shares of the company’s stock, valued at approximately $1,919,427.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,197 shares of company stock valued at $48,826,976. 0.45% of the stock is currently owned by company insiders.

Several analysts have commented on the company. Alembic Global Advisors upgraded Northrop Grumman from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 30th. Argus reissued a “buy” rating on shares of Northrop Grumman in a report on Friday, February 1st. UBS Group raised their target price on Northrop Grumman from $290.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Bank of America reaffirmed a “buy” rating and issued a $355.00 target price (down from $360.00) on shares of Northrop Grumman in a report on Friday, February 1st. Finally, Drexel Hamilton set a $335.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research note on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $337.06.

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

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