NS Partners Ltd Buys 583 Shares of Northrop Grumman Co. (NYSE:NOC)

NS Partners Ltd boosted its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,667 shares of the aerospace company’s stock after acquiring an additional 583 shares during the period. NS Partners Ltd’s holdings in Northrop Grumman were worth $17,779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optimum Investment Advisors grew 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 worth $25,000 after purchasing an additional 41 shares in the last quarter. Bank & Trust Co bought a new stake in Northrop Grumman during the second quarter worth about $28,000. Meeder Asset Management Inc. grew its stake in Northrop Grumman by 245.5% during the second quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company’s stock worth $33,000 after buying an additional 54 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Northrop Grumman in the 3rd quarter valued at about $40,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Northrop Grumman in the 2nd quarter valued at approximately $47,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Citigroup raised their target price on Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Susquehanna boosted their price target on Northrop Grumman from $560.00 to $625.00 and gave the stock a “positive” rating in a report on Friday, October 25th. TD Cowen raised Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their target price on Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $550.56.

Insider Transactions at Northrop Grumman

In related news, VP Benjamin R. Davies sold 1,156 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 537 shares in the company, valued at $286,183.41. This represents a 68.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 1,289 shares of company stock worth $685,273 over the last ninety days. 0.22% of the stock is owned by insiders.

Northrop Grumman Trading Up 0.4 %

Shares of NYSE NOC opened at $490.86 on Wednesday. The stock has a market cap of $71.52 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.00 and a beta of 0.35. The firm has a 50 day moving average price of $521.97 and a two-hundred day moving average price of $486.44. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 1.09. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, beating analysts’ consensus estimates of $6.07 by $0.93. The business had revenue of $10 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $6.18 earnings per share. As a group, equities analysts forecast that Northrop Grumman Co. will post 25.93 EPS for the current year.

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.