262 Shares in Northrop Grumman Co. (NYSE:NOC) Purchased by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC acquired a new stake in shares of Northrop Grumman Co. (NYSE:NOC) during the second quarter, Holdings Channel reports. The firm acquired 262 shares of the aerospace company’s stock, valued at approximately $114,000.

A number of other institutional investors also recently added to or reduced their stakes in NOC. Capital International Investors boosted its holdings in shares of Northrop Grumman by 5.6% in the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after acquiring an additional 621,636 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Northrop Grumman by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock worth $2,218,132,000 after acquiring an additional 211,459 shares in the last quarter. Capital World Investors boosted its holdings in shares of Northrop Grumman by 0.6% in the 1st quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock worth $1,765,543,000 after acquiring an additional 23,398 shares in the last quarter. Sanders Capital LLC boosted its holdings in shares of Northrop Grumman by 3.7% in the 4th quarter. Sanders Capital LLC now owns 2,271,466 shares of the aerospace company’s stock worth $1,063,364,000 after acquiring an additional 80,887 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Northrop Grumman by 1.3% in the 4th quarter. Northern Trust Corp now owns 1,260,599 shares of the aerospace company’s stock worth $590,137,000 after acquiring an additional 16,275 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NOC shares. Deutsche Bank Aktiengesellschaft raised Northrop Grumman from a “hold” rating to a “buy” rating and boosted their target price for the stock from $474.00 to $575.00 in a report on Monday, July 29th. Jefferies Financial Group dropped their price objective on shares of Northrop Grumman from $530.00 to $500.00 and set a “hold” rating for the company in a research report on Tuesday, June 18th. StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. BTIG Research began coverage on shares of Northrop Grumman in a research report on Wednesday, June 26th. They issued a “buy” rating and a $565.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Northrop Grumman from $475.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $521.33.

Northrop Grumman Trading Up 0.6 %

Northrop Grumman stock traded up $3.17 during mid-day trading on Tuesday, hitting $508.04. 452,790 shares of the company’s stock were exchanged, compared to its average volume of 953,511. The firm has a market capitalization of $75.18 billion, a P/E ratio of 35.31, a PEG ratio of 2.26 and a beta of 0.32. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $508.47. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. The company’s 50 day simple moving average is $454.27 and its 200-day simple moving average is $459.05.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, topping the consensus estimate of $5.93 by $0.43. The business had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.34 EPS. On average, equities analysts anticipate that Northrop Grumman Co. will post 25.18 earnings per share for the current year.

Insiders Place Their Bets

In other Northrop Grumman news, VP Thomas H. Jones sold 1,390 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Thomas H. Jones sold 1,389 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the transaction, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.