Duality Advisers LP purchased a new stake in shares of Northrop Grumman Co. (NYSE:NOC) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,538 shares of the aerospace company’s stock, valued at approximately $2,932,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bay Harbor Wealth Management LLC bought a new position in shares of Northrop Grumman during the first quarter valued at about $25,000. Campbell Wealth Management bought a new stake in shares of Northrop Grumman in the second quarter valued at $25,000. Versant Capital Management Inc grew its stake in shares of Northrop Grumman by 54.4% during the 1st quarter. Versant Capital Management Inc now owns 88 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 31 shares during the period. Ballast Advisors LLC bought a new stake in Northrop Grumman in the 1st quarter valued at about $30,000. Finally, Harwood Advisory Group LLC purchased a new stake in Northrop Grumman during the first quarter valued at about $50,000. 83.97% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on NOC shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $375.00 price target on shares of Northrop Grumman in a report on Thursday, June 25th. Royal Bank of Canada raised their target price on Northrop Grumman from $366.00 to $391.00 and gave the stock a “sector perform” rating in a research note on Friday. Zacks Investment Research upgraded Northrop Grumman from a “sell” rating to a “hold” rating and set a $320.00 price target on the stock in a research report on Thursday, June 25th. Cowen raised shares of Northrop Grumman from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $370.00 in a report on Friday, May 15th. Finally, Morgan Stanley boosted their price objective on shares of Northrop Grumman from $380.00 to $412.00 and gave the company an “overweight” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $385.00.

Shares of NOC opened at $325.01 on Friday. The company has a 50-day simple moving average of $308.15 and a two-hundred day simple moving average of $332.27. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market capitalization of $54.18 billion, a PE ratio of 22.86 and a beta of 0.79. Northrop Grumman Co. has a one year low of $263.31 and a one year high of $385.01.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, July 30th. The aerospace company reported $6.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.32 by $0.69. The company had revenue of $8.88 billion for the quarter, compared to analyst estimates of $8.66 billion. Northrop Grumman had a return on equity of 40.24% and a net margin of 6.91%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $5.06 earnings per share. Analysts expect that Northrop Grumman Co. will post 22.15 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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