Foster & Motley Inc. boosted its stake in Northrop Grumman Co. (NYSE:NOC) by 3.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,483 shares of the aerospace company’s stock after buying an additional 193 shares during the period. Foster & Motley Inc.’s holdings in Northrop Grumman were worth $1,990,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hanseatic Management Services Inc. grew its stake in Northrop Grumman by 12.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after buying an additional 48 shares during the last quarter. People s United Financial Inc. grew its stake in Northrop Grumman by 9.2% in the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after buying an additional 40 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new position in Northrop Grumman in the 3rd quarter valued at about $144,000. Quadrant Capital Group LLC grew its stake in Northrop Grumman by 7.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 636 shares of the aerospace company’s stock valued at $147,000 after buying an additional 46 shares during the last quarter. Finally, WFG Advisors LP boosted its holdings in Northrop Grumman by 4.9% in the 2nd quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 81.11% of the company’s stock.

A number of research firms have issued reports on NOC. Wells Fargo & Co raised shares of Northrop Grumman from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $347.00 price objective for the company in a report on Friday, January 12th. Stifel Nicolaus reissued a “hold” rating and issued a $315.00 price objective on shares of Northrop Grumman in a report on Tuesday, January 9th. ValuEngine raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, JPMorgan Chase & Co. raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $317.00 to $355.00 in a report on Tuesday, December 12th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $305.22.

Shares of Northrop Grumman Co. (NOC) opened at $315.14 on Tuesday. Northrop Grumman Co. has a twelve month low of $223.88 and a twelve month high of $318.70. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The firm has a market cap of $54,860.00, a P/E ratio of 23.48, a PEG ratio of 2.81 and a beta of 0.69.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.76. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the prior year, the firm posted $3.35 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts forecast that Northrop Grumman Co. will post 13.19 earnings per share for the current year.

In related news, COO Gloria A. Flach sold 7,741 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the transaction, the chief operating officer now owns 77,200 shares of the company’s stock, valued at approximately $22,885,940. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Denise M. Peppard sold 5,037 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,417 shares of company stock valued at $6,365,189. 0.70% of the stock is currently owned by insiders.

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Northrop Grumman 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.

Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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