Sullivan Bruyette Speros & Blaney LLC Increases Holdings in Northrop Grumman Co. (NYSE:NOC)

Sullivan Bruyette Speros & Blaney LLC lifted its position in Northrop Grumman Co. (NYSE:NOC) by 4.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,495 shares of the aerospace company’s stock after purchasing an additional 69 shares during the period. Sullivan Bruyette Speros & Blaney LLC’s holdings in Northrop Grumman were worth $483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NOC. Thoroughbred Financial Services LLC lifted its holdings 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 during the period. Rothschild & Co. Asset Management US Inc. purchased a new stake in Northrop Grumman during the second quarter worth $65,331,000. DekaBank Deutsche Girozentrale lifted its holdings in Northrop Grumman by 55.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 480,331 shares of the aerospace company’s stock worth $153,054,000 after buying an additional 171,117 shares during the period. SG Americas Securities LLC lifted its holdings in Northrop Grumman by 354.2% during the first quarter. SG Americas Securities LLC now owns 158,112 shares of the aerospace company’s stock worth $42,627,000 after buying an additional 123,300 shares during the period. Finally, Ellis Investment Partners LLC purchased a new stake in Northrop Grumman during the first quarter worth $111,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Shares of NOC traded up $0.34 during midday trading on Wednesday, hitting $369.35. 211,511 shares of the company’s stock traded hands, compared to its average volume of 1,035,325. Northrop Grumman Co. has a 1 year low of $223.63 and a 1 year high of $377.34. The firm’s fifty day moving average is $343.39 and its 200-day moving average is $304.08. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $62.49 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 EPS for the quarter, beating the consensus estimate of $4.64 by $0.42. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.41 billion. During the same quarter in the prior year, the business posted $4.50 EPS. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, equities research analysts anticipate that Northrop Grumman Co. will post 19.63 EPS for the current year.

In related news, CEO Kathy J. Warden sold 6,837 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $353.46, for a total value of $2,416,606.02. Following the transaction, the chief executive officer now directly owns 99,002 shares of the company’s stock, valued at approximately $34,993,246.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher T. Jones sold 5,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $353.19, for a total value of $1,765,950.00. Following the completion of the transaction, the vice president now directly owns 67,422 shares in the company, valued at $23,812,776.18. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

A number of research firms have weighed in on NOC. Morgan Stanley upgraded Northrop Grumman from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $335.00 to $418.00 in a report on Tuesday, August 6th. Bank of America restated a “buy” rating and set a $405.00 target price (up previously from $355.00) on shares of Northrop Grumman in a report on Thursday, July 25th. Credit Suisse Group upped their target price on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Barclays upped their target price on Northrop Grumman from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Finally, Robert W. Baird increased 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. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $345.93.

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.

Further Reading: Holder of Record

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

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