Fiduciary Financial Services of The Southwest Inc. TX Sells 102 Shares of Northrop Grumman Co. (NOC)

Fiduciary Financial Services of The Southwest Inc. TX cut its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 1.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,539 shares of the aerospace company’s stock after selling 102 shares during the quarter. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Northrop Grumman were worth $2,033,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOC. Millennium Management LLC lifted its holdings in Northrop Grumman by 198.8% during the 4th quarter. Millennium Management LLC now owns 568,441 shares of the aerospace company’s stock worth $139,211,000 after buying an additional 378,176 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Northrop Grumman by 7.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,072,281 shares of the aerospace company’s stock worth $1,242,203,000 after buying an additional 355,364 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Northrop Grumman by 5,821.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 263,566 shares of the aerospace company’s stock worth $64,547,000 after buying an additional 259,115 shares during the period. California Public Employees Retirement System lifted its holdings in Northrop Grumman by 44.3% during the 4th quarter. California Public Employees Retirement System now owns 820,741 shares of the aerospace company’s stock worth $200,999,000 after buying an additional 251,945 shares during the period. Finally, Vanguard Group Inc lifted its holdings in Northrop Grumman by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 13,591,668 shares of the aerospace company’s stock worth $4,313,588,000 after buying an additional 176,809 shares during the period. 83.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Northrop Grumman stock opened at $288.38 on Wednesday. Northrop Grumman Co. has a one year low of $223.63 and a one year high of $340.14. The stock has a market capitalization of $49.59 billion, a P/E ratio of 13.52, a PEG ratio of 1.17 and a beta of 0.89. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.18 and a quick ratio of 1.10.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $5.06 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.47. The business had revenue of $8.19 billion during the quarter, compared to analyst estimates of $8.34 billion. Northrop Grumman had a return on equity of 41.42% and a net margin of 9.67%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.21 EPS. Analysts expect that Northrop Grumman Co. will post 19.39 EPS for the current fiscal year.

NOC has been the subject of several research analyst reports. Bank of America reissued a “buy” rating and issued a $355.00 price objective (down from $360.00) on shares of Northrop Grumman in a research report on Friday, February 1st. Goldman Sachs Group lowered Northrop Grumman from a “conviction-buy” rating to a “buy” rating in a research report on Friday, February 1st. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating in a research report on Tuesday, April 30th. Citigroup lowered their price objective on Northrop Grumman from $350.00 to $333.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Finally, Susquehanna Bancshares initiated coverage on Northrop Grumman in a research report on Thursday, January 10th. They issued a “neutral” rating and a $273.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $337.06.

In other Northrop Grumman news, CAO Michael A. Hardesty sold 259 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $288.38, for a total transaction of $74,690.42. Following the completion of the sale, the chief accounting officer now directly owns 6,253 shares of the company’s stock, valued at approximately $1,803,240.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Wesley G. Bush sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $291.59, for a total value of $14,579,500.00. Following the sale, the chairman now directly owns 46,275 shares of the company’s stock, valued at $13,493,327.25. The disclosure for this sale can be found here. Insiders have sold a total of 169,197 shares of company stock valued at $48,826,976 over the last three months. Corporate insiders own 0.45% of the company’s stock.

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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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