Quest Partners LLC Has $1.25 Million Holdings in Northrop Grumman Co. (NYSE:NOC)

Quest Partners LLC reduced its position in Northrop Grumman Co. (NYSE:NOC) by 66.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,371 shares of the aerospace company’s stock after selling 4,643 shares during the period. Quest Partners LLC’s holdings in Northrop Grumman were worth $1,252,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Optimum Investment Advisors increased its holdings in shares of Northrop Grumman by 241.2% during the 2nd quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 41 shares during the last quarter. Bank & Trust Co acquired a new position in shares of Northrop Grumman during the 2nd quarter valued at about $28,000. Meeder Asset Management Inc. increased its holdings in shares of Northrop Grumman by 245.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 54 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Northrop Grumman during the 3rd quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Northrop Grumman during the 2nd quarter valued at about $52,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NOC has been the topic of a number of analyst reports. Susquehanna increased their price objective on Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a report on Friday, October 25th. TD Cowen raised Northrop Grumman to a “hold” rating in a report on Tuesday, October 8th. StockNews.com lowered Northrop Grumman from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada increased their target price on Northrop Grumman from $500.00 to $540.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, Citigroup lifted their price target on Northrop Grumman from $521.00 to $587.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Hold” and an average price target of $550.56.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, VP Benjamin R. Davies sold 1,156 shares of Northrop Grumman stock in a transaction on Monday, November 11th. The stock was sold at an average price of $532.93, for a total value of $616,067.08. Following the completion of the transaction, the vice president now owns 537 shares in the company, valued at approximately $286,183.41. The trade was a 68.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 1,289 shares of company stock valued at $685,273 in the last 90 days. 0.22% of the stock is owned by corporate insiders.

Northrop Grumman Price Performance

Shares of NOC stock opened at $490.86 on Wednesday. The stock’s fifty day simple moving average is $521.97 and its 200 day simple moving average is $486.44. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market cap of $71.52 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 1.00 and a beta of 0.35. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.07 by $0.93. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.18 billion. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. Northrop Grumman’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.18 EPS. On average, analysts expect that Northrop Grumman Co. will post 25.93 earnings per share for the current fiscal year.

Northrop Grumman Profile

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.