OmniStar Financial Group Inc. grew its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,624 shares of the aerospace company’s stock after purchasing an additional 57 shares during the quarter. OmniStar Financial Group Inc.’s holdings in Northrop Grumman were worth $438,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in NOC. Paradigm Asset Management Co. LLC boosted its position in shares of Northrop Grumman by 15.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 8,050 shares of the aerospace company’s stock valued at $2,555,000 after acquiring an additional 1,050 shares during the last quarter. Highwater Wealth Management LLC acquired a new position in shares of Northrop Grumman during the 4th quarter valued at about $168,000. Worldquant Millennium Quantitative Strategies LLC acquired a new position in shares of Northrop Grumman during the 4th quarter valued at about $1,151,000. Raymond James Trust N.A. boosted its position in shares of Northrop Grumman by 52.6% during the 4th quarter. Raymond James Trust N.A. now owns 6,363 shares of the aerospace company’s stock valued at $1,558,000 after acquiring an additional 2,194 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Northrop Grumman during the 4th quarter valued at about $789,000. 83.99% of the stock is currently owned by institutional investors.
Shares of NOC opened at $292.04 on Friday. The stock has a market capitalization of $49.59 billion, a P/E ratio of 13.69, a P/E/G ratio of 1.17 and a beta of 0.89. Northrop Grumman Co. has a 12-month low of $223.63 and a 12-month high of $340.14. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.10 and a current ratio of 1.18.
In other Northrop Grumman news, VP Mark A. Caylor sold 9,501 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $285.45, for a total transaction of $2,712,060.45. Following the sale, the vice president now directly owns 25,280 shares in the company, valued at $7,216,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David T. Perry sold 13,210 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $288.94, for a total transaction of $3,816,897.40. Following the sale, the vice president now owns 25,100 shares in the company, valued at $7,252,394. The disclosure for this sale can be found here. Insiders have sold 119,197 shares of company stock worth $34,247,476 over the last quarter. Insiders own 0.45% of the company’s stock.
Several brokerages have recently weighed in on NOC. UBS Group boosted their price target on shares of Northrop Grumman from $290.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a research report on Tuesday, April 30th. Cowen restated a “hold” rating and issued a $300.00 price objective on shares of Northrop Grumman in a report on Thursday, January 31st. Susquehanna Bancshares upgraded shares of Northrop Grumman from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $309.00 to $315.00 in a report on Friday, April 5th. Finally, Argus restated a “buy” rating on shares of Northrop Grumman in a report on Friday, February 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Northrop Grumman currently has an average rating of “Buy” and a consensus price target of $337.06.
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Northrop Grumman Company 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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