Northrop Grumman Co. (NYSE:NOC) Stock Holdings Increased by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in Northrop Grumman Co. (NYSE:NOC) by 9.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,846 shares of the aerospace company’s stock after purchasing an additional 160 shares during the quarter. Cetera Investment Advisers’ holdings in Northrop Grumman were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of NOC. Krane Funds Advisors LLC acquired a new position in Northrop Grumman in the second quarter worth approximately $26,000. Harvest Group Wealth Management LLC increased its holdings in Northrop Grumman by 250.0% in the third quarter. Harvest Group Wealth Management LLC now owns 70 shares of the aerospace company’s stock worth $26,000 after buying an additional 50 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in Northrop Grumman in the second quarter worth approximately $27,000. Venturi Wealth Management LLC acquired a new position in Northrop Grumman in the third quarter worth approximately $28,000. Finally, Virtus ETF Advisers LLC acquired a new position in Northrop Grumman in the second quarter worth approximately $30,000. 83.62% of the stock is owned by institutional investors and hedge funds.

Shares of NOC stock opened at $356.66 on Friday. Northrop Grumman Co. has a 12 month low of $223.63 and a 12 month high of $383.89. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 1.55. The business’s 50 day moving average is $357.55 and its two-hundred day moving average is $339.33. The company has a market cap of $59.61 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.33 and a beta of 0.78.

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

A number of research firms recently commented on NOC. Morgan Stanley increased their price objective on Northrop Grumman from $418.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. ValuEngine upgraded Northrop Grumman from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Zacks Investment Research upgraded Northrop Grumman from a “hold” rating to a “buy” rating and set a $377.00 price objective on the stock in a report on Tuesday, September 10th. Bank of America restated a “buy” rating and issued a $405.00 price objective (up previously from $355.00) on shares of Northrop Grumman in a report on Thursday, July 25th. Finally, Credit Suisse Group increased their price objective on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $365.08.

About Northrop Grumman

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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