Los Angeles Capital Management & Equity Research Inc. Has $92.63 Million Holdings in Northrop Grumman Corporation (NOC)
Los Angeles Capital Management & Equity Research Inc. raised its position in Northrop Grumman Corporation (NYSE:NOC) by 114.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,960 shares of the aerospace company’s stock after purchasing an additional 171,929 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.18% of Northrop Grumman Corporation worth $92,634,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Shelton Capital Management lifted its holdings in shares of Northrop Grumman Corporation by 70.5% during the 1st quarter. Shelton Capital Management now owns 17,200 shares of the aerospace company’s stock worth $4,091,000 after acquiring an additional 7,112 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Northrop Grumman Corporation in the 3rd quarter worth $30,405,000. Caxton Associates LP purchased a new position in Northrop Grumman Corporation in the 2nd quarter worth $5,134,000. Gerber Kawasaki Wealth & Investment Management raised its position in Northrop Grumman Corporation by 4.4% in the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,847 shares of the aerospace company’s stock worth $7,289,000 after purchasing an additional 1,180 shares during the period. Finally, Toronto Dominion Bank raised its position in Northrop Grumman Corporation by 25.2% in the 2nd quarter. Toronto Dominion Bank now owns 59,532 shares of the aerospace company’s stock worth $15,280,000 after purchasing an additional 11,991 shares during the period. 81.93% of the stock is owned by hedge funds and other institutional investors.
Northrop Grumman Corporation (NOC) traded down $1.01 during trading hours on Monday, reaching $298.13. 391,800 shares of the company traded hands, compared to its average volume of 779,492. Northrop Grumman Corporation has a 1-year low of $220.72 and a 1-year high of $306.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. The company has a market capitalization of $51,960.00, a price-to-earnings ratio of 22.72, a P/E/G ratio of 3.00 and a beta of 0.70.
Northrop Grumman Corporation (NYSE:NOC) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.33 billion. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.35 earnings per share. analysts anticipate that Northrop Grumman Corporation will post 13.2 earnings per share for the current year.
A number of brokerages recently commented on NOC. Morgan Stanley began coverage on shares of Northrop Grumman Corporation in a research report on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 target price on the stock. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC restated a “hold” rating and issued a $269.00 price objective on shares of Northrop Grumman Corporation in a research report on Friday, September 29th. Zacks Investment Research cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Argus boosted their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $292.01.
In other news, VP Denise M. Peppard sold 5,037 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total value of $1,489,289.79. Following the transaction, the vice president now owns 58,186 shares in the company, valued at $17,203,854.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Denise M. Peppard sold 2,328 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the transaction, the vice president now owns 28,553 shares in the company, valued at approximately $8,590,455.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,676 shares of company stock worth $4,070,370. Insiders own 0.70% of the company’s stock.
Northrop Grumman Corporation 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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