Northrop Grumman Co. (NOC) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. raised its stake in Northrop Grumman Co. (NYSE:NOC) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 31,590 shares of the aerospace company’s stock after acquiring an additional 1,475 shares during the period. Financial Counselors Inc.’s holdings in Northrop Grumman were worth $10,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. St. Johns Investment Management Company LLC increased its holdings in shares of Northrop Grumman by 5.1% during the third quarter. St. Johns Investment Management Company LLC now owns 3,395 shares of the aerospace company’s stock worth $1,077,000 after purchasing an additional 166 shares during the period. Winfield Associates Inc. increased its holdings in shares of Northrop Grumman by 14.6% during the second quarter. Winfield Associates Inc. now owns 1,375 shares of the aerospace company’s stock worth $423,000 after purchasing an additional 175 shares during the period. Torch Wealth Management LLC increased its holdings in shares of Northrop Grumman by 3.7% during the second quarter. Torch Wealth Management LLC now owns 4,862 shares of the aerospace company’s stock worth $1,496,000 after purchasing an additional 175 shares during the period. Trust Co. of Vermont increased its holdings in shares of Northrop Grumman by 7.8% during the second quarter. Trust Co. of Vermont now owns 2,447 shares of the aerospace company’s stock worth $753,000 after purchasing an additional 177 shares during the period. Finally, CMH Wealth Management LLC increased its holdings in shares of Northrop Grumman by 2.7% during the second quarter. CMH Wealth Management LLC now owns 6,762 shares of the aerospace company’s stock worth $2,089,000 after purchasing an additional 180 shares during the period. 81.69% of the stock is currently owned by hedge funds and other institutional investors.

In other Northrop Grumman news, VP Sheila C. Cheston sold 10,440 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $320.00, for a total value of $3,340,800.00. Following the sale, the vice president now owns 43,696 shares in the company, valued at $13,982,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Wesley G. Bush sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $297.91, for a total transaction of $5,958,200.00. Following the completion of the sale, the chairman now owns 18,701 shares in the company, valued at approximately $5,571,214.91. The disclosure for this sale can be found here. Insiders sold 41,185 shares of company stock worth $12,562,307 over the last three months. 0.62% of the stock is currently owned by insiders.



Shares of NYSE:NOC opened at $261.10 on Wednesday. The company has a market capitalization of $46.85 billion, a P/E ratio of 19.66, a PEG ratio of 1.19 and a beta of 0.67. The company has a current ratio of 1.26, a quick ratio of 1.17 and a debt-to-equity ratio of 1.53. Northrop Grumman Co. has a 1 year low of $251.66 and a 1 year high of $360.88.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 24th. The aerospace company reported $6.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $2.19. The business had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $7.99 billion. Northrop Grumman had a net margin of 9.62% and a return on equity of 38.27%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $3.67 earnings per share. As a group, equities analysts predict that Northrop Grumman Co. will post 19.06 EPS for the current fiscal year.

NOC has been the topic of several recent research reports. Citigroup lowered their target price on shares of Northrop Grumman from $370.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $352.00 target price on the stock in a report on Thursday, October 11th. Buckingham Research raised shares of Northrop Grumman from a “neutral” rating to a “buy” rating and raised their target price for the stock from $246.00 to $371.00 in a report on Tuesday, July 31st. They noted that the move was a valuation call. Jefferies Financial Group set a $324.00 target price on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Tuesday. Finally, Goldman Sachs Group lowered their target price on shares of Northrop Grumman to $414.00 and set a “conviction-buy” rating on the stock in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Northrop Grumman presently has an average rating of “Buy” and a consensus price target of $357.18.

Northrop Grumman 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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