Northrop Grumman Co. (NYSE:NOC) Position Reduced by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. trimmed its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 5.7% during the third quarter, HoldingsChannel reports. The fund owned 1,765 shares of the aerospace company’s stock after selling 106 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Northrop Grumman were worth $662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp bought a new position in Northrop Grumman during the 2nd quarter valued at $9,784,000. Calamos Wealth Management LLC boosted its stake in Northrop Grumman by 46.2% during the 2nd quarter. Calamos Wealth Management LLC now owns 21,657 shares of the aerospace company’s stock valued at $6,998,000 after acquiring an additional 6,845 shares during the last quarter. Cozad Asset Management Inc. boosted its stake in Northrop Grumman by 1,176.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 9,838 shares of the aerospace company’s stock valued at $3,687,000 after acquiring an additional 9,067 shares during the last quarter. Capital Planning Advisors LLC boosted its stake in Northrop Grumman by 3.4% during the 2nd quarter. Capital Planning Advisors LLC now owns 10,191 shares of the aerospace company’s stock valued at $3,293,000 after acquiring an additional 338 shares during the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC boosted its stake in Northrop Grumman by 4.8% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,495 shares of the aerospace company’s stock valued at $483,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 83.62% of the company’s stock.

Northrop Grumman stock opened at $351.69 on Wednesday. The firm’s 50-day moving average is $358.41 and its 200-day moving average is $338.20. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.19 and a current ratio of 1.29. Northrop Grumman Co. has a 1 year low of $223.63 and a 1 year high of $383.89. The company has a market cap of $58.99 billion, a P/E ratio of 16.49, a PEG ratio of 1.31 and a beta of 0.78.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, October 24th. The aerospace company reported $5.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.75. Northrop Grumman had a net margin of 9.05% and a return on equity of 39.12%. The company had revenue of $8.48 billion for the quarter, compared to the consensus estimate of $8.56 billion. During the same period last year, the firm posted $6.54 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts predict that Northrop Grumman Co. will post 20.38 earnings per share for the current year.

A number of research analysts have commented on NOC shares. Bank of America reiterated a “buy” rating and set a $405.00 price objective (up from $355.00) on shares of Northrop Grumman in a research note on Thursday, July 25th. Sanford C. Bernstein raised their price target on shares of Northrop Grumman from $374.00 to $385.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $377.00 price target on the stock in a research report on Tuesday, September 10th. Morgan Stanley raised their price target on shares of Northrop Grumman from $418.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Barclays set a $415.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $365.08.

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.

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

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