Usca Ria LLC Increases Position in Northrop Grumman Co. (NYSE:NOC)

Usca Ria LLC raised its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 513.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,747 shares of the aerospace company’s stock after buying an additional 8,995 shares during the period. Usca Ria LLC’s holdings in Northrop Grumman were worth $3,697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Northern Oak Wealth Management Inc. boosted its position in Northrop Grumman by 6.4% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 1,898 shares of the aerospace company’s stock valued at $653,000 after buying an additional 114 shares during the period. Eqis Capital Management Inc. raised its stake in shares of Northrop Grumman by 1.1% during the fourth quarter. Eqis Capital Management Inc. now owns 2,693 shares of the aerospace company’s stock valued at $926,000 after acquiring an additional 28 shares during the last quarter. Bay Rivers Group bought a new position in shares of Northrop Grumman during the fourth quarter valued at about $595,000. State of Michigan Retirement System raised its stake in shares of Northrop Grumman by 0.3% during the fourth quarter. State of Michigan Retirement System now owns 37,917 shares of the aerospace company’s stock valued at $13,042,000 after acquiring an additional 100 shares during the last quarter. Finally, Traynor Capital Management Inc. raised its stake in shares of Northrop Grumman by 22.4% during the fourth quarter. Traynor Capital Management Inc. now owns 1,565 shares of the aerospace company’s stock valued at $538,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company’s stock.

Several brokerages have recently commented on NOC. ValuEngine raised shares of Northrop Grumman from a “strong sell” rating to a “sell” rating in a research note on Friday, January 3rd. UBS Group upped their price objective on shares of Northrop Grumman from $385.00 to $410.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. TheStreet downgraded shares of Northrop Grumman from a “b-” rating to a “c+” rating in a research note on Tuesday, December 24th. Morgan Stanley upped their price objective on shares of Northrop Grumman from $437.00 to $449.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $367.00 price objective for the company in a research note on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Northrop Grumman has a consensus rating of “Buy” and a consensus target price of $379.09.

NOC stock traded down $3.80 during trading on Monday, reaching $377.84. The company had a trading volume of 72,603 shares, compared to its average volume of 972,796. Northrop Grumman Co. has a 52 week low of $263.29 and a 52 week high of $384.68. The company has a market cap of $64.32 billion, a P/E ratio of 21.38, a PEG ratio of 1.27 and a beta of 0.76. The business has a 50 day moving average of $359.47 and a 200 day moving average of $356.32. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.29 and a quick ratio of 1.19.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, October 24th. The aerospace company reported $5.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.74 by $0.75. Northrop Grumman had a net margin of 9.05% and a return on equity of 39.12%. The company had revenue of $8.48 billion during the quarter, compared to the consensus estimate of $8.56 billion. During the same period in the prior year, the firm earned $6.54 earnings per share. Northrop Grumman’s revenue was up 4.8% on a year-over-year basis. Research analysts expect that Northrop Grumman Co. will post 20.39 earnings per share for the current year.

About Northrop Grumman

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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