Schroder Investment Management Group Acquires 3,106 Shares of Northrop Grumman Co. (NOC)

Schroder Investment Management Group grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 56.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,602 shares of the aerospace company’s stock after buying an additional 3,106 shares during the period. Schroder Investment Management Group’s holdings in Northrop Grumman were worth $2,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NOC. Element Capital Management LLC purchased a new position in shares of Northrop Grumman in the 1st quarter worth $278,000. Atlantic Trust Group LLC grew its stake in shares of Northrop Grumman by 3.3% in the 1st quarter. Atlantic Trust Group LLC now owns 16,788 shares of the aerospace company’s stock worth $5,861,000 after buying an additional 539 shares in the last quarter. Summit Trail Advisors LLC grew its stake in shares of Northrop Grumman by 31,127.3% in the 1st quarter. Summit Trail Advisors LLC now owns 211,721 shares of the aerospace company’s stock worth $212,000 after buying an additional 211,043 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Northrop Grumman by 7.7% in the 1st quarter. Principal Financial Group Inc. now owns 434,842 shares of the aerospace company’s stock worth $151,813,000 after buying an additional 31,029 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in shares of Northrop Grumman by 16.1% during the 1st quarter. Suntrust Banks Inc. now owns 20,915 shares of the aerospace company’s stock worth $7,300,000 after purchasing an additional 2,896 shares during the period. 81.51% of the stock is owned by institutional investors and hedge funds.

In related news, VP Lesley A. Kalan sold 1,065 shares of Northrop Grumman stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $300.02, for a total transaction of $319,521.30. Following the completion of the sale, the vice president now owns 13,656 shares in the company, valued at approximately $4,097,073.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David T. Perry sold 4,425 shares of Northrop Grumman stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $300.27, for a total transaction of $1,328,694.75. Following the sale, the vice president now owns 28,112 shares of the company’s stock, valued at approximately $8,441,190.24. The disclosure for this sale can be found here. Insiders have sold a total of 47,052 shares of company stock valued at $14,323,601 in the last quarter. 0.62% of the stock is currently owned by company insiders.

A number of equities analysts recently commented on NOC shares. Goldman Sachs Group dropped their price target on shares of Northrop Grumman to $414.00 and set a “conviction-buy” rating for the company in a research note on Thursday, July 26th. UBS Group started coverage on shares of Northrop Grumman in a research note on Wednesday, August 15th. They set a “neutral” rating and a $315.00 price target for the company. Credit Suisse Group dropped their price target on shares of Northrop Grumman from $341.00 to $326.00 and set a “neutral” rating for the company in a research note on Friday, July 27th. Buckingham Research raised shares of Northrop Grumman from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $246.00 to $371.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $352.00 price target for the company in a research note on Thursday, October 11th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $366.65.

Shares of NOC opened at $307.67 on Friday. Northrop Grumman Co. has a 1-year low of $287.09 and a 1-year high of $360.88. The stock has a market cap of $53.66 billion, a P/E ratio of 23.17, a P/E/G ratio of 1.63 and a beta of 0.67. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.24 and a quick ratio of 1.15.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 25th. The aerospace company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $3.84 by $0.09. Northrop Grumman had a net margin of 8.33% and a return on equity of 34.88%. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the business posted $3.16 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Research analysts forecast that Northrop Grumman Co. will post 16.88 EPS for the current fiscal year.

Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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

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