Northrop Grumman Corporation (NOC) Holdings Cut by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA decreased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,891 shares of the aerospace company’s stock after selling 1,235 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.08% of Northrop Grumman Corporation worth $41,400,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Salem Investment Counselors Inc. increased its stake in Northrop Grumman Corporation by 1.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock valued at $208,000 after purchasing an additional 10 shares in the last quarter. Cetera Investment Advisers increased its stake in Northrop Grumman Corporation by 0.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 10 shares in the last quarter. Bank of Stockton increased its stake in Northrop Grumman Corporation by 0.9% during the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock valued at $332,000 after purchasing an additional 12 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Northrop Grumman Corporation by 1.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock valued at $338,000 after purchasing an additional 13 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its stake in Northrop Grumman Corporation by 2.8% during the 1st quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock valued at $130,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 81.51% of the company’s stock.
In other Northrop Grumman Corporation news, VP Sid Ashworth sold 6,311 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the transaction, the vice president now directly owns 63,147 shares of the company’s stock, valued at $18,817,806. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Denise M. Peppard sold 5,037 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the transaction, the vice president now directly owns 58,186 shares in the company, valued at $17,203,854.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,676 shares of company stock worth $4,070,370. Insiders own 0.70% of the company’s stock.
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A number of brokerages have issued reports on NOC. Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $309.00 price target on the stock in a research note on Wednesday, September 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $325.00 price objective (up from $285.00) on shares of Northrop Grumman Corporation in a report on Monday, October 2nd. Argus upped their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 4th. Morgan Stanley initiated coverage on shares of Northrop Grumman Corporation in a report on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 price objective on the stock. Finally, Royal Bank Of Canada upped their price objective on shares of Northrop Grumman Corporation from $324.00 to $347.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $290.54.
Shares of Northrop Grumman Corporation (NYSE:NOC) traded down $0.28 during midday trading on Friday, reaching $298.86. 96,499 shares of the company were exchanged, compared to its average volume of 777,714. Northrop Grumman Corporation has a 12-month low of $220.72 and a 12-month high of $306.61. The stock has a market capitalization of $51,890.00, a P/E ratio of 23.12, a PEG ratio of 3.05 and a beta of 0.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05.
Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the firm posted $3.35 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts predict that Northrop Grumman Corporation will post 13.2 earnings per share for the current fiscal year.
Northrop Grumman Corporation Company Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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