Northrop Grumman Co. (NOC) Shares Sold by Bowling Portfolio Management LLC

Bowling Portfolio Management LLC trimmed its stake in Northrop Grumman Co. (NYSE:NOC) by 28.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,998 shares of the aerospace company’s stock after selling 3,996 shares during the quarter. Bowling Portfolio Management LLC’s holdings in Northrop Grumman were worth $2,695,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Standard Life Aberdeen plc grew its holdings in Northrop Grumman by 3.2% in the 3rd quarter. Standard Life Aberdeen plc now owns 116,641 shares of the aerospace company’s stock worth $37,022,000 after buying an additional 3,592 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in Northrop Grumman by 18.4% in the 3rd quarter. Vident Investment Advisory LLC now owns 1,603 shares of the aerospace company’s stock worth $509,000 after buying an additional 249 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Northrop Grumman by 2.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 55,336 shares of the aerospace company’s stock valued at $17,562,000 after purchasing an additional 1,379 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in Northrop Grumman by 18.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,548 shares of the aerospace company’s stock valued at $3,664,000 after purchasing an additional 1,771 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Northrop Grumman by 378.2% during the 3rd quarter. Captrust Financial Advisors now owns 4,256 shares of the aerospace company’s stock valued at $1,351,000 after purchasing an additional 3,366 shares in the last quarter. Institutional investors and hedge funds own 83.78% of the company’s stock.

A number of equities analysts have issued reports on the company. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 30th. UBS Group increased their price target on Northrop Grumman from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Susquehanna Bancshares raised Northrop Grumman from a “neutral” rating to a “positive” rating and increased their price target for the company from $309.00 to $315.00 in a research note on Friday, April 5th. Morgan Stanley raised their price objective on Northrop Grumman from $305.00 to $308.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 13th. Finally, Zacks Investment Research lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $337.06.

In other news, Chairman Wesley G. Bush sold 86,500 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $287.28, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Wesley G. Bush sold 50,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $291.59, for a total value of $14,579,500.00. Following the completion of the sale, the chairman now owns 46,275 shares of the company’s stock, valued at approximately $13,493,327.25. The disclosure for this sale can be found here. Insiders sold 169,197 shares of company stock valued at $48,826,976 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Shares of NOC traded up $5.80 during trading hours on Friday, hitting $300.80. 1,417,958 shares of the company were exchanged, compared to its average volume of 902,827. The firm has a market cap of $50.09 billion, a PE ratio of 14.10, a P/E/G ratio of 1.19 and a beta of 0.89. Northrop Grumman Co. has a one year low of $223.63 and a one year high of $340.14. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.59.

Northrop Grumman (NYSE:NOC) last released its earnings results on Wednesday, April 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.59 by $0.47. The company 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 company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.21 earnings per share. On average, equities research analysts anticipate that Northrop Grumman Co. will post 19.39 EPS for the current fiscal year.

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

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