Raymond James Trust N.A. lifted its stake in Northrop Grumman Co. (NYSE:NOC) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,022 shares of the aerospace company’s stock after purchasing an additional 259 shares during the quarter. Raymond James Trust N.A.’s holdings in Northrop Grumman were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trustcore Financial Services LLC bought a new position in Northrop Grumman during the first quarter valued at approximately $27,000. Glassman Wealth Services raised its position in Northrop Grumman by 203.0% during the first quarter. Glassman Wealth Services now owns 100 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 67 shares in the last quarter. Truvestments Capital LLC bought a new position in Northrop Grumman during the first quarter valued at approximately $28,000. Meridian Wealth Management LLC bought a new position in Northrop Grumman during the first quarter valued at approximately $29,000. Finally, Legacy Advisors LLC bought a new position in Northrop Grumman during the first quarter valued at approximately $30,000. 83.22% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Northrop Grumman from $300.00 to $364.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Sanford C. Bernstein raised their price objective on shares of Northrop Grumman from $344.00 to $368.00 in a research report on Thursday. Morgan Stanley set a $18.00 price objective on shares of PG&E and gave the company a “hold” rating in a research report on Friday, June 14th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a research report on Tuesday, April 30th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $425.00 price objective on shares of Boeing in a research report on Thursday. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $343.35.

Shares of NOC stock opened at $352.52 on Friday. Northrop Grumman Co. has a 12 month low of $223.63 and a 12 month high of $358.96. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.10 and a current ratio of 1.25. The company’s 50 day moving average is $321.49. The firm has a market capitalization of $60.02 billion, a P/E ratio of 16.53, a PEG ratio of 1.41 and a beta of 0.80.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $5.06 EPS for the quarter, beating the consensus estimate of $4.64 by $0.42. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter last year, the company posted $4.50 earnings per share. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, sell-side analysts expect that Northrop Grumman Co. will post 19.56 earnings per share for the current fiscal year.

In other news, VP Patrick M. Antkowiak sold 1,932 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $310.00, for a total value of $598,920.00. Following the sale, the vice president now owns 5,208 shares in the company, valued at $1,614,480. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Wesley G. Bush sold 50,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $291.59, for a total transaction of $14,579,500.00. Following the completion of the sale, the chairman now owns 46,275 shares in the company, valued at approximately $13,493,327.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,903 shares of company stock worth $15,484,440. Corporate insiders own 0.45% of the company’s stock.

Northrop Grumman Profile

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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