Royal London Asset Management Ltd. acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 68,454 shares of the aerospace company’s stock, valued at approximately $21,066,000.

A number of other institutional investors have also recently added to or reduced their stakes in NOC. Federated Investors Inc. PA increased its position in Northrop Grumman by 7.0% during the first quarter. Federated Investors Inc. PA now owns 2,889 shares of the aerospace company’s stock worth $1,009,000 after purchasing an additional 189 shares during the last quarter. IFP Advisors Inc increased its position in shares of Northrop Grumman by 7.4% during the first quarter. IFP Advisors Inc now owns 9,062 shares of the aerospace company’s stock valued at $3,164,000 after acquiring an additional 622 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Northrop Grumman during the first quarter valued at about $5,848,000. Toronto Dominion Bank increased its position in shares of Northrop Grumman by 45.0% during the first quarter. Toronto Dominion Bank now owns 108,742 shares of the aerospace company’s stock valued at $37,955,000 after acquiring an additional 33,765 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of Northrop Grumman by 31.6% during the first quarter. Stratos Wealth Partners LTD. now owns 4,974 shares of the aerospace company’s stock valued at $1,737,000 after acquiring an additional 1,195 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

A number of equities research analysts have weighed in on NOC shares. Buckingham Research upgraded shares of Northrop Grumman from a “neutral” rating to a “buy” rating and lifted their price target for the company from $246.00 to $371.00 in a research report on Tuesday, July 31st. They noted that the move was a valuation call. UBS Group started coverage on shares of Northrop Grumman in a research report on Wednesday, August 15th. They set a “neutral” rating and a $315.00 price target for the company. Zacks Investment Research cut shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. dropped their price target on shares of Northrop Grumman from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Friday, July 27th. Finally, Goldman Sachs Group dropped their price target on shares of Northrop Grumman to $414.00 and set a “conviction-buy” rating for the company in a research report on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Northrop Grumman has a consensus rating of “Buy” and a consensus target price of $366.65.

Northrop Grumman stock traded up $4.75 during trading on Friday, reaching $302.37. The stock had a trading volume of 1,362,865 shares, compared to its average volume of 1,121,533. Northrop Grumman Co. has a 52-week low of $287.09 and a 52-week high of $360.88. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $55.26 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.68 and a beta of 0.67.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Wednesday, July 25th. The aerospace company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.84 by $0.09. Northrop Grumman had a net margin of 8.33% and a return on equity of 34.88%. The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the firm earned $3.16 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, research analysts anticipate that Northrop Grumman Co. will post 16.84 earnings per share for the current fiscal year.

In other news, VP Sheila C. Cheston sold 10,440 shares of the business’s stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $320.00, for a total transaction of $3,340,800.00. Following the completion of the sale, the vice president now owns 43,696 shares in the company, valued at approximately $13,982,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David T. Perry sold 4,425 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $300.27, for a total transaction of $1,328,694.75. Following the sale, the vice president now owns 28,112 shares of the company’s stock, valued at approximately $8,441,190.24. The disclosure for this sale can be found here. Insiders sold 47,052 shares of company stock valued at $14,323,601 in the last quarter. 0.62% of the stock is owned by insiders.

About Northrop Grumman

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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

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