SeaTown Holdings Pte. Ltd. acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 67,000 shares of the aerospace company’s stock, valued at approximately $21,648,000. Northrop Grumman comprises approximately 4.0% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 5th biggest position.

Several other large investors have also modified their holdings of NOC. Thoroughbred Financial Services LLC boosted its stake in shares of Northrop Grumman by 30,736.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 785,405 shares of the aerospace company’s stock valued at $78,540,000 after buying an additional 782,858 shares during the period. Rothschild & Co. Asset Management US Inc. purchased a new position in shares of Northrop Grumman in the 2nd quarter valued at about $65,331,000. SG Americas Securities LLC boosted its stake in shares of Northrop Grumman by 354.2% in the 1st quarter. SG Americas Securities LLC now owns 158,112 shares of the aerospace company’s stock valued at $42,627,000 after buying an additional 123,300 shares during the period. Ellis Investment Partners LLC purchased a new position in shares of Northrop Grumman in the 1st quarter valued at about $111,000. Finally, Clark Capital Management Group Inc. purchased a new position in shares of Northrop Grumman in the 1st quarter valued at about $22,115,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price objective on Northrop Grumman from $300.00 to $364.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. UBS Group boosted their target price on Northrop Grumman from $300.00 to $330.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Morgan Stanley upgraded Northrop Grumman from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $335.00 to $418.00 in a research note on Tuesday, August 6th. Barclays boosted their target price on Northrop Grumman from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Finally, ValuEngine upgraded Northrop Grumman from a “sell” rating to a “hold” rating in a research note on Saturday. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $345.93.

In other Northrop Grumman news, VP Patrick M. Antkowiak sold 1,932 shares of Northrop Grumman stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $310.00, for a total transaction of $598,920.00. Following the transaction, the vice president now owns 5,208 shares of the company’s stock, valued at $1,614,480. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Kathy J. Warden sold 6,837 shares of Northrop Grumman stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $353.46, for a total value of $2,416,606.02. Following the transaction, the chief executive officer now directly owns 99,002 shares in the company, valued at approximately $34,993,246.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,740 shares of company stock worth $5,087,496. 0.45% of the stock is currently owned by corporate insiders.

NOC traded down $1.60 during trading on Tuesday, hitting $371.61. 50,914 shares of the stock were exchanged, compared to its average volume of 984,649. The company has a market cap of $62.69 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.52 and a beta of 0.81. Northrop Grumman Co. has a 1-year low of $223.63 and a 1-year high of $374.68. The company’s fifty day simple moving average is $335.95. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of 1.62.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $5.06 EPS for the quarter, topping the consensus estimate of $4.64 by $0.42. The company had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.41 billion. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. The firm’s revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.50 earnings per share. On average, analysts forecast that Northrop Grumman Co. will post 19.63 EPS for the current fiscal year.

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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