Dimensional Fund Advisors LP Has $250.91 Million Stake in Northrop Grumman Co. (NYSE:NOC)

Dimensional Fund Advisors LP grew its holdings in shares of Northrop Grumman Co. (NYSE:NOCFree Report) by 7.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 535,979 shares of the aerospace company’s stock after purchasing an additional 35,890 shares during the period. Dimensional Fund Advisors LP’s holdings in Northrop Grumman were worth $250,913,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NOC. International Assets Investment Management LLC acquired a new position in Northrop Grumman during the fourth quarter valued at approximately $283,114,000. Invesco Ltd. boosted its holdings in shares of Northrop Grumman by 74.7% in the 3rd quarter. Invesco Ltd. now owns 1,174,556 shares of the aerospace company’s stock valued at $517,028,000 after buying an additional 502,060 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Northrop Grumman by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 4,488,412 shares of the aerospace company’s stock valued at $1,975,754,000 after buying an additional 410,736 shares in the last quarter. London Co. of Virginia bought a new stake in Northrop Grumman during the third quarter worth $165,786,000. Finally, Cerity Partners LLC lifted its stake in Northrop Grumman by 2,801.7% in the fourth quarter. Cerity Partners LLC now owns 330,499 shares of the aerospace company’s stock valued at $154,720,000 after acquiring an additional 319,109 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Up 0.4 %

NOC stock opened at $476.65 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 1.04. The company has a market cap of $70.54 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 1.95 and a beta of 0.34. The business has a 50-day simple moving average of $466.34 and a 200 day simple moving average of $465.08. Northrop Grumman Co. has a 52 week low of $414.56 and a 52 week high of $496.89.

Northrop Grumman (NYSE:NOCGet Free Report) last issued its earnings results on Thursday, April 25th. The aerospace company reported $6.32 earnings per share for the quarter, beating analysts’ consensus estimates of $5.83 by $0.49. Northrop Grumman had a net margin of 5.38% and a return on equity of 24.09%. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the business posted $5.50 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts anticipate that Northrop Grumman Co. will post 24.7 EPS for the current fiscal year.

Insider Transactions at Northrop Grumman

In related news, CAO Michael A. Hardesty sold 955 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $450.37, for a total transaction of $430,103.35. Following the completion of the transaction, the chief accounting officer now directly owns 4,137 shares of the company’s stock, valued at approximately $1,863,180.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Northrop Grumman news, CAO Michael A. Hardesty sold 955 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $450.37, for a total transaction of $430,103.35. Following the completion of the transaction, the chief accounting officer now owns 4,137 shares in the company, valued at approximately $1,863,180.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Michael A. Hardesty sold 210 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $454.68, for a total transaction of $95,482.80. Following the sale, the chief accounting officer now owns 3,127 shares of the company’s stock, valued at $1,421,784.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,149 shares of company stock worth $1,421,147. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

NOC has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Northrop Grumman from $450.00 to $475.00 and gave the stock a “sector perform” rating in a research note on Friday, April 26th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Susquehanna lifted their target price on Northrop Grumman from $540.00 to $560.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Robert W. Baird increased their price target on Northrop Grumman from $475.00 to $505.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Finally, TheStreet cut shares of Northrop Grumman from a “b+” rating to a “c+” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Northrop Grumman presently has a consensus rating of “Hold” and an average price target of $514.33.

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Northrop Grumman Company Profile

(Free Report)

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

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

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