Northrop Grumman Co. (NYSE:NOC) Stock Holdings Lessened by Raymond James & Associates

Raymond James & Associates lowered its position in Northrop Grumman Co. (NYSE:NOC) by 19.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,614 shares of the aerospace company’s stock after selling 55,756 shares during the quarter. Raymond James & Associates owned approximately 0.15% of Northrop Grumman worth $99,664,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NOC. Headlands Technologies LLC bought a new position in shares of Northrop Grumman during the 4th quarter worth about $25,000. SRS Capital Advisors Inc. lifted its position in shares of Northrop Grumman by 960.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 48 shares during the period. Optimum Investment Advisors grew its holdings 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 worth $25,000 after purchasing an additional 41 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Northrop Grumman in the second quarter valued at $28,000. Finally, Frazier Financial Advisors LLC bought a new position in Northrop Grumman in the fourth quarter worth $29,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Up 0.6 %

NOC traded up $2.96 during trading on Friday, reaching $506.66. The company had a trading volume of 580,332 shares, compared to its average volume of 960,531. The business’s fifty day moving average price is $452.88 and its 200 day moving average price is $458.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99. Northrop Grumman Co. has a 12 month low of $414.56 and a 12 month high of $507.73. The company has a market cap of $74.98 billion, a P/E ratio of 35.43, a PEG ratio of 2.26 and a beta of 0.32.

Northrop Grumman (NYSE:NOC) last released its earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. The firm had revenue of $10.22 billion during the quarter, compared to analysts’ expectations of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.34 EPS. Equities analysts anticipate that Northrop Grumman Co. will post 25.18 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on NOC. TD Cowen upped their price objective on Northrop Grumman from $440.00 to $515.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Wells Fargo & Company boosted their target price on shares of Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. BTIG Research began coverage on shares of Northrop Grumman in a research note on Wednesday, June 26th. They set a “buy” rating and a $565.00 price target on the stock. Robert W. Baird raised their price objective on shares of Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Finally, Alembic Global Advisors upgraded shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and set a $532.00 target price for the company in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Northrop Grumman presently has an average rating of “Hold” and an average price target of $521.33.

Insider Transactions at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now owns 4,634 shares of the company’s stock, valued at $2,317,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Thomas H. Jones sold 1,390 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the transaction, the vice president now owns 4,634 shares in the company, valued at approximately $2,317,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the transaction, the vice president now owns 6,755 shares in the company, valued at approximately $3,225,917.80. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

About Northrop Grumman

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.