Investors Buy Northrop Grumman (NOC) on Weakness

Investors bought shares of Northrop Grumman (NYSE:NOC) on weakness during trading hours on Tuesday. $215.22 million flowed into the stock on the tick-up and $162.21 million flowed out of the stock on the tick-down, for a money net flow of $53.01 million into the stock. Of all equities tracked, Northrop Grumman had the 31st highest net in-flow for the day. Northrop Grumman traded down ($14.60) for the day and closed at $341.52

NOC has been the topic of a number of recent research reports. Jefferies Group upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Wednesday, February 14th. Royal Bank of Canada set a $389.00 price objective on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $386.00 price objective on the stock in a report on Thursday, March 29th. Argus upgraded shares of Northrop Grumman to a “buy” rating in a report on Wednesday, February 7th. Finally, Citigroup restated a “buy” rating and issued a $405.00 price objective on shares of Northrop Grumman in a report on Monday, March 12th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $364.87.

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The company has a market capitalization of $61,961.26, a PE ratio of 25.72, a P/E/G ratio of 2.50 and a beta of 0.77. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.24 and a current ratio of 2.35.



Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, January 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.07. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.34 billion. Northrop Grumman had a net margin of 7.81% and a return on equity of 37.28%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.96 earnings per share. equities analysts expect that Northrop Grumman will post 15.55 earnings per share for the current fiscal year.

In other news, VP Janis G. Pamiljans sold 1,568 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $354.30, for a total value of $555,542.40. Following the transaction, the vice president now owns 6,677 shares in the company, valued at $2,365,661.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Denise M. Peppard sold 2,539 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $335.12, for a total transaction of $850,869.68. Following the completion of the transaction, the vice president now owns 38,613 shares in the company, valued at approximately $12,939,988.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,299 shares of company stock worth $3,220,228. Insiders own 0.62% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NOC. BlackRock Inc. lifted its position in Northrop Grumman by 4.3% during the fourth quarter. BlackRock Inc. now owns 13,545,765 shares of the aerospace company’s stock valued at $4,157,331,000 after purchasing an additional 561,347 shares during the period. Millennium Management LLC lifted its position in Northrop Grumman by 854.2% during the fourth quarter. Millennium Management LLC now owns 236,166 shares of the aerospace company’s stock valued at $72,482,000 after purchasing an additional 211,417 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in Northrop Grumman by 688.4% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 213,645 shares of the aerospace company’s stock valued at $65,570,000 after purchasing an additional 186,546 shares during the period. Bank of New York Mellon Corp lifted its position in Northrop Grumman by 12.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,489,951 shares of the aerospace company’s stock valued at $457,282,000 after purchasing an additional 160,259 shares during the period. Finally, Winslow Capital Management LLC lifted its position in Northrop Grumman by 19.0% during the fourth quarter. Winslow Capital Management LLC now owns 775,351 shares of the aerospace company’s stock valued at $237,963,000 after purchasing an additional 123,528 shares during the period. Hedge funds and other institutional investors own 80.75% of the company’s stock.

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Northrop Grumman Company Profile

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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