Shulman DeMeo Asset Management LLC bought a new position in Northrop Grumman Co. (NYSE:NOC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 747 shares of the aerospace company’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trustcore Financial Services LLC acquired a new position in shares of Northrop Grumman during the first quarter valued at approximately $27,000. Glassman Wealth Services lifted its holdings in Northrop Grumman by 203.0% in the first quarter. Glassman Wealth Services now owns 100 shares of the aerospace company’s stock valued at $27,000 after buying an additional 67 shares during the period. Truvestments Capital LLC acquired a new position in Northrop Grumman in the first quarter valued at approximately $28,000. Meridian Wealth Management LLC acquired a new position in Northrop Grumman in the first quarter valued at approximately $29,000. Finally, Legacy Advisors LLC acquired a new position in Northrop Grumman in the first quarter valued at approximately $30,000. 83.61% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:NOC traded up $2.42 during trading hours on Monday, hitting $354.94. The stock had a trading volume of 402,003 shares, compared to its average volume of 743,296. Northrop Grumman Co. has a one year low of $223.63 and a one year high of $358.96. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.15 and a current ratio of 1.25. The stock has a market cap of $59.66 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.45 and a beta of 0.80. The firm has a 50 day moving average price of $321.49.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $5.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter in the prior year, the firm earned $4.50 earnings per share. The business’s quarterly revenue was up 18.8% on a year-over-year basis. As a group, sell-side analysts expect that Northrop Grumman Co. will post 19.59 EPS for the current fiscal year.

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

Several equities analysts recently weighed in on NOC shares. Sanford C. Bernstein increased their price objective on shares of Northrop Grumman from $344.00 to $368.00 in a report on Thursday. Susquehanna Bancshares upgraded shares of Northrop Grumman from a “neutral” rating to a “positive” rating and increased their price objective for the company from $309.00 to $315.00 in a report on Friday, April 5th. Bank of America lowered shares of TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday. Barclays restated a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Finally, Robert W. Baird increased their price objective on shares of Northrop Grumman from $300.00 to $364.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $342.31.

Northrop Grumman Company 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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