Duality Advisers LP Makes New $2.93 Million Investment in Northrop Grumman Co. (NYSE:NOC)

Duality Advisers LP purchased a new position in Northrop Grumman Co. (NYSE:NOC) in the second quarter, Holdings Channel reports. The fund purchased 9,538 shares of the aerospace company’s stock, valued at approximately $2,932,000.

A number of other institutional investors and hedge funds have also modified their holdings of NOC. Versant Capital Management Inc increased its holdings in Northrop Grumman by 54.4% in 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 in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Northrop Grumman by 3.5% in the first quarter. Kingsview Wealth Management LLC now owns 959 shares of the aerospace company’s stock worth $290,000 after acquiring an additional 32 shares during the last quarter. AIA Investment Management Private Ltd boosted its stake in shares of Northrop Grumman by 6.4% in the first quarter. AIA Investment Management Private Ltd now owns 562 shares of the aerospace company’s stock worth $170,000 after acquiring an additional 34 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Northrop Grumman by 1.1% during the first quarter. Nations Financial Group Inc. IA ADV now owns 3,395 shares of the aerospace company’s stock worth $1,027,000 after purchasing an additional 36 shares in the last quarter. Finally, Telemus Capital LLC raised its stake in Northrop Grumman by 0.6% in the 1st quarter. Telemus Capital LLC now owns 6,077 shares of the aerospace company’s stock valued at $2,037,000 after purchasing an additional 37 shares during the last quarter. 83.97% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Northrop Grumman from a “sell” rating to a “hold” rating and set a $320.00 target price for the company in a report on Thursday, June 25th. Sanford C. Bernstein upped their price objective on shares of Northrop Grumman from $405.00 to $419.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley raised their target price on shares of Northrop Grumman from $380.00 to $412.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. ValuEngine upgraded Northrop Grumman from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Cowen raised Northrop Grumman from a “market perform” rating to an “outperform” rating and increased their price target for the company from $360.00 to $370.00 in a report on Friday, May 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $385.00.

NYSE NOC opened at $325.01 on Friday. The stock has a fifty day simple moving average of $308.15 and a 200-day simple moving average of $332.27. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 1.61. The stock has a market cap of $54.18 billion, a PE ratio of 22.86 and a beta of 0.79. Northrop Grumman Co. has a twelve month low of $263.31 and a twelve month high of $385.01.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, July 30th. The aerospace company reported $6.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.32 by $0.69. The company had revenue of $8.88 billion during the quarter, compared to analyst estimates of $8.66 billion. Northrop Grumman had a net margin of 6.91% and a return on equity of 40.24%. Northrop Grumman’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $5.06 earnings per share. Research analysts predict that Northrop Grumman Co. will post 22.15 EPS for the current 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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