Milestone Asset Management LLC Makes New Investment in Northrop Grumman Co. (NYSE:NOC)

Milestone Asset Management LLC acquired a new stake in Northrop Grumman Co. (NYSE:NOC) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,332 shares of the aerospace company’s stock, valued at approximately $1,017,000.

A number of other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Northrop Grumman in the fourth quarter worth approximately $25,000. SRS Capital Advisors Inc. grew its stake in Northrop Grumman by 960.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 53 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 48 shares in the last quarter. Optimum Investment Advisors lifted its position in Northrop Grumman by 241.2% during the second quarter. Optimum Investment Advisors now owns 58 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 41 shares during the last quarter. Bank & Trust Co purchased a new position in Northrop Grumman during the 2nd quarter valued at about $28,000. Finally, Frazier Financial Advisors LLC purchased a new position in Northrop Grumman during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.4 %

NYSE NOC traded down $1.79 during trading on Monday, reaching $504.87. 343,941 shares of the company’s stock were exchanged, compared to its average volume of 956,660. Northrop Grumman Co. has a fifty-two week low of $414.56 and a fifty-two week high of $508.47. The firm has a market capitalization of $74.72 billion, a PE ratio of 35.41, a P/E/G ratio of 2.26 and a beta of 0.32. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 1.03. The company’s fifty day simple moving average is $452.88 and its 200-day simple moving average is $458.64.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Thursday, July 25th. The aerospace company reported $6.36 earnings per share for the quarter, topping analysts’ consensus estimates of $5.93 by $0.43. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The company had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $10.02 billion. During the same period last year, the business earned $5.34 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. Sell-side analysts predict that Northrop Grumman Co. will post 25.18 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Sanford C. Bernstein downgraded shares of Northrop Grumman from an “outperform” rating to a “market perform” rating and set a $477.00 target price on the stock. in a research report on Friday, June 21st. BTIG Research started coverage on shares of Northrop Grumman in a report on Wednesday, June 26th. They set a “buy” rating and a $565.00 target price for the company. StockNews.com raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. TD Cowen increased their target price on shares of Northrop Grumman from $440.00 to $515.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, UBS Group raised their price objective on shares of Northrop Grumman from $593.00 to $605.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Northrop Grumman has an average rating of “Hold” and a consensus price target of $521.33.

Insider Transactions at Northrop Grumman

In related news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the sale, the vice president now owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the sale, the vice president now owns 6,755 shares in the company, valued at $3,225,917.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Northrop Grumman Company Profile

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.