Northrop Grumman Co. (NYSE:NOC) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,192,900 shares, a growth of 8.3% from the June 15th total of 2,025,200 shares. Based on an average daily trading volume, of 904,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.3% of the shares of the company are sold short.

Several research firms have weighed in on NOC. Morgan Stanley set a $18.00 price target on PG&E and gave the stock a “hold” rating in a research report on Friday, June 14th. Sanford C. Bernstein lifted their target price on Northrop Grumman from $344.00 to $368.00 in a report on Thursday. Barclays restated a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. Bank of America cut TAL Education Group from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $425.00 price target on shares of Boeing in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $342.31.

Shares of Northrop Grumman stock traded down $2.20 during midday trading on Friday, reaching $352.52. The company had a trading volume of 896,497 shares, compared to its average volume of 740,611. The company has a quick ratio of 1.10, a current ratio of 1.25 and a debt-to-equity ratio of 1.62. The firm has a market cap of $59.65 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.40 and a beta of 0.80. The company’s fifty day moving average is $321.49. Northrop Grumman has a 1-year low of $223.63 and a 1-year high of $358.96.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.64 by $0.42. Northrop Grumman had a net margin of 9.80% and a return on equity of 42.21%. The firm had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same period last year, the firm earned $4.50 earnings per share. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. Equities research analysts expect that Northrop Grumman will post 19.59 earnings per share for the current year.

In other news, VP Patrick M. Antkowiak sold 1,932 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $310.00, for a total value of $598,920.00. Following the completion of the sale, the vice president now directly owns 5,208 shares of the company’s stock, valued at approximately $1,614,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Madeleine Kleiner sold 971 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $315.16, for a total value of $306,020.36. Following the completion of the transaction, the director now directly owns 16,675 shares of the company’s stock, valued at $5,255,293. The disclosure for this sale can be found here. Insiders have sold a total of 52,903 shares of company stock worth $15,484,440 in the last 90 days. 0.45% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NOC. Advisor Partners LLC grew its stake in Northrop Grumman by 5.3% in the 2nd quarter. Advisor Partners LLC now owns 5,964 shares of the aerospace company’s stock valued at $1,927,000 after buying an additional 299 shares during the last quarter. Osborn Williams & Donohoe LLC boosted its holdings in Northrop Grumman by 71.9% in the 2nd quarter. Osborn Williams & Donohoe LLC now owns 813 shares of the aerospace company’s stock valued at $263,000 after purchasing an additional 340 shares during the period. SFE Investment Counsel boosted its holdings in Northrop Grumman by 36.2% in the 2nd quarter. SFE Investment Counsel now owns 5,642 shares of the aerospace company’s stock valued at $1,823,000 after purchasing an additional 1,500 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Northrop Grumman by 8.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 5,239 shares of the aerospace company’s stock valued at $1,692,000 after purchasing an additional 394 shares during the period. Finally, Bridgeworth LLC bought a new stake in shares of Northrop Grumman during the 2nd quarter worth approximately $228,000. 83.22% of the stock is currently owned by institutional investors and hedge funds.

About Northrop Grumman

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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