4,700 Shares in Northrop Grumman Co. (NOC) Purchased by Worldquant Millennium Quantitative Strategies LLC

Worldquant Millennium Quantitative Strategies LLC acquired a new stake in Northrop Grumman Co. (NYSE:NOC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,700 shares of the aerospace company’s stock, valued at approximately $1,151,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NOC. Paradigm Asset Management Co. LLC increased its position in shares of Northrop Grumman by 15.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 8,050 shares of the aerospace company’s stock worth $2,555,000 after acquiring an additional 1,050 shares during the period. Highwater Wealth Management LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth $168,000. Raymond James Trust N.A. increased its holdings in Northrop Grumman by 52.6% in the fourth quarter. Raymond James Trust N.A. now owns 6,363 shares of the aerospace company’s stock valued at $1,558,000 after buying an additional 2,194 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new position in Northrop Grumman in the fourth quarter valued at $789,000. Finally, Richard Bernstein Advisors LLC increased its holdings in Northrop Grumman by 97.0% in the third quarter. Richard Bernstein Advisors LLC now owns 25,591 shares of the aerospace company’s stock valued at $8,122,000 after buying an additional 12,603 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.

In other news, Chairman Wesley G. Bush sold 86,500 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $287.28, for a total transaction of $24,849,720.00. Following the completion of the sale, the chairman now owns 39,937 shares in the company, valued at $11,473,101.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Janis G. Pamiljans sold 2,500 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $285.12, for a total transaction of $712,800.00. Following the sale, the vice president now owns 6,732 shares of the company’s stock, valued at approximately $1,919,427.84. The disclosure for this sale can be found here. Insiders sold 119,197 shares of company stock valued at $34,247,476 in the last 90 days. 0.45% of the stock is currently owned by insiders.

NOC has been the topic of several recent analyst reports. Credit Suisse Group reissued a “buy” rating on shares of Northrop Grumman in a report on Thursday, January 31st. Drexel Hamilton reissued a “buy” rating and issued a $335.00 target price on shares of Northrop Grumman in a report on Wednesday, December 19th. Zacks Investment Research lowered Northrop Grumman from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine lowered Northrop Grumman from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Finally, Morgan Stanley increased their target price on Northrop Grumman from $305.00 to $308.00 and gave the company an “equal weight” rating in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Northrop Grumman presently has an average rating of “Buy” and a consensus price target of $338.72.

NYSE NOC traded down $2.83 during trading hours on Monday, hitting $280.22. The company had a trading volume of 465,544 shares, compared to its average volume of 963,934. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.17 and a quick ratio of 1.09. Northrop Grumman Co. has a 1-year low of $223.63 and a 1-year high of $359.88. The company has a market capitalization of $47.90 billion, a PE ratio of 13.14, a P/E/G ratio of 1.14 and a beta of 0.88.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Thursday, January 31st. The aerospace company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.48. Northrop Grumman had a net margin of 9.73% and a return on equity of 41.24%. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. On average, research analysts expect that Northrop Grumman Co. will post 18.94 earnings per share for the current year.

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Northrop Grumman Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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

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