Northrop Grumman Co. (NYSE:NOC) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 100,430 shares of the aerospace company's stock after purchasing an additional 8,502 shares during the quarter. Northrop Grumman accounts for 0.6% of Intech Investment Management LLC's portfolio, making the stock its 24th largest position. Intech Investment Management LLC owned about 0.07% of Northrop Grumman worth $53,034,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NOC. Optimum Investment Advisors increased its position 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 valued at $25,000 after purchasing an additional 41 shares during the period. Bank & Trust Co acquired a new position in shares of Northrop Grumman during the 2nd quarter valued at $28,000. Meeder Asset Management Inc. boosted its stake in shares of Northrop Grumman by 245.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 76 shares of the aerospace company's stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Northrop Grumman during the 3rd quarter worth $40,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Northrop Grumman during the 2nd quarter worth $47,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Benjamin R. Davies sold 1,156 shares of the business'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 completion of the sale, the vice president now directly owns 537 shares in the company, valued at approximately $286,183.41. The trade was a 68.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 1,289 shares of company stock worth $685,273. 0.22% of the stock is currently owned by insiders.

Northrop Grumman Stock Performance

Shares of NOC opened at $491.98 on Thursday. The firm has a market cap of $71.68 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 0.99 and a beta of 0.35. The company's fifty day moving average is $521.50 and its 200-day moving average is $486.48. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.00. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Thursday, October 24th. The aerospace company reported $7.00 EPS for the quarter, topping the consensus estimate of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same period in the prior year, the business posted $6.18 earnings per share. The business's quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts expect that Northrop Grumman Co. will post 25.93 EPS for the current fiscal year.

Analysts Set New Price Targets

NOC has been the subject of several research reports. Morgan Stanley raised their price objective on Northrop Grumman from $579.00 to $592.00 and gave the stock an "overweight" rating in a research note on Friday, August 9th. StockNews.com lowered Northrop Grumman from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Wells Fargo & Company raised their price objective 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. Citigroup raised their price objective on Northrop Grumman from $521.00 to $587.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their target price on Northrop Grumman from $500.00 to $560.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $550.56.

Northrop Grumman Profile

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.

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