Meeder Asset Management Inc. Buys Shares of 1,925 Northrop Grumman Corporation (NOC)

Meeder Asset Management Inc. bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,925 shares of the aerospace company’s stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Salem Investment Counselors Inc. increased its holdings in shares of Northrop Grumman Corporation by 1.2% in the second quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock valued at $208,000 after purchasing an additional 10 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Northrop Grumman Corporation by 0.8% in the second quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 10 shares during the last quarter. Bank of Stockton increased its holdings in shares of Northrop Grumman Corporation by 0.9% in the second quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock valued at $332,000 after purchasing an additional 12 shares during the last quarter. Eqis Capital Management Inc. increased its holdings in shares of Northrop Grumman Corporation by 1.0% in the second quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock valued at $338,000 after purchasing an additional 13 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in shares of Northrop Grumman Corporation by 2.8% in the first quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock valued at $130,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 81.51% of the company’s stock.

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In other news, VP Denise M. Peppard sold 2,328 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $300.86, for a total value of $700,402.08. Following the completion of the transaction, the vice president now owns 28,553 shares of the company’s stock, valued at $8,590,455.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Denise M. Peppard sold 5,037 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the completion of the transaction, the vice president now directly owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. Insiders sold 13,676 shares of company stock valued at $4,070,370 in the last three months. Company insiders own 0.70% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $309.00 price objective on the stock in a report on Wednesday, September 20th. Deutsche Bank AG reissued a “buy” rating and issued a $325.00 target price (up previously from $285.00) on shares of Northrop Grumman Corporation in a research report on Monday, October 2nd. Argus boosted their target price on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Morgan Stanley started coverage on shares of Northrop Grumman Corporation in a research report on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 target price for the company. Finally, Royal Bank of Canada boosted their target price on shares of Northrop Grumman Corporation from $324.00 to $347.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $292.01.

Northrop Grumman Corporation (NYSE:NOC) traded down $1.01 on Friday, reaching $298.13. 391,800 shares of the company traded hands, compared to its average volume of 779,492. Northrop Grumman Corporation has a 1-year low of $220.72 and a 1-year high of $306.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. The company has a market capitalization of $52,073.84, a PE ratio of 22.80, a price-to-earnings-growth ratio of 3.01 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. Northrop Grumman Corporation’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.35 earnings per share. sell-side analysts anticipate that Northrop Grumman Corporation will post 13.2 EPS for the current fiscal year.

Northrop Grumman Corporation Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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

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