SG Americas Securities LLC Has $12.68 Million Position in Northrop Grumman Co. (NYSE:NOC)

SG Americas Securities LLC cut its position in shares of Northrop Grumman Co. (NYSE:NOC) by 75.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,253 shares of the aerospace company’s stock after selling 118,859 shares during the quarter. SG Americas Securities LLC’s holdings in Northrop Grumman were worth $12,683,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Northrop Grumman by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 2,002,473 shares of the aerospace company’s stock worth $489,450,000 after buying an additional 56,098 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in Northrop Grumman by 30,736.5% during the second quarter. Thoroughbred Financial Services LLC now owns 785,405 shares of the aerospace company’s stock worth $78,540,000 after buying an additional 782,858 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Northrop Grumman by 0.4% during the first quarter. Parametric Portfolio Associates LLC now owns 610,718 shares of the aerospace company’s stock worth $164,650,000 after buying an additional 2,698 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Northrop Grumman by 0.3% during the first quarter. PNC Financial Services Group Inc. now owns 577,273 shares of the aerospace company’s stock worth $155,632,000 after buying an additional 1,833 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Northrop Grumman by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 541,267 shares of the aerospace company’s stock worth $132,552,000 after buying an additional 33,098 shares in the last quarter. 83.89% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Kathy J. Warden sold 6,837 shares of Northrop Grumman stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $353.46, for a total value of $2,416,606.02. Following the completion of the transaction, the chief executive officer now owns 99,002 shares in the company, valued at $34,993,246.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Patrick M. Antkowiak sold 1,932 shares of Northrop Grumman stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $310.00, for a total transaction of $598,920.00. Following the completion of the transaction, the vice president now owns 5,208 shares of the company’s stock, valued at approximately $1,614,480. The disclosure for this sale can be found here. Insiders sold 14,740 shares of company stock valued at $5,087,496 in the last quarter. 0.45% of the stock is currently owned by corporate insiders.

NYSE NOC traded up $3.53 during trading on Friday, reaching $372.49. 396,501 shares of the company traded hands, compared to its average volume of 885,032. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.15 and a current ratio of 1.25. The stock has a 50 day moving average price of $331.98. The firm has a market capitalization of $62.43 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.45 and a beta of 0.81. Northrop Grumman Co. has a 1-year low of $223.63 and a 1-year high of $372.41.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share for the quarter, beating analysts’ consensus estimates of $4.64 by $0.42. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the previous year, the business earned $4.50 earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. Equities research analysts forecast that Northrop Grumman Co. will post 19.63 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on NOC shares. Credit Suisse Group lifted their target price on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Sanford C. Bernstein lifted their target price on Northrop Grumman from $344.00 to $368.00 in a research report on Thursday, July 25th. Robert W. Baird lifted their price objective on Northrop Grumman from $300.00 to $364.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. ValuEngine downgraded Northrop Grumman from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. Northrop Grumman presently has a consensus rating of “Buy” and a consensus price target of $345.93.

About Northrop Grumman

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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