Breton Hill Capital Ltd. Grows Position in Northrop Grumman Corporation (NOC)

Breton Hill Capital Ltd. boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 58.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,904 shares of the aerospace company’s stock after buying an additional 704 shares during the period. Breton Hill Capital Ltd.’s holdings in Northrop Grumman Corporation were worth $548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC acquired a new position in Northrop Grumman Corporation during the first quarter worth $108,000. Hanseatic Management Services Inc. raised its holdings in Northrop Grumman Corporation by 12.8% during the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after buying an additional 48 shares during the last quarter. First Personal Financial Services raised its holdings in Northrop Grumman Corporation by 39.0% during the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after buying an additional 121 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in Northrop Grumman Corporation by 28.6% during the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after buying an additional 100 shares during the last quarter. Finally, People s United Financial Inc. raised its holdings in Northrop Grumman Corporation by 9.2% during the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 81.51% of the company’s stock.

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Shares of Northrop Grumman Corporation (NOC) traded down $1.01 during mid-day trading on Friday, hitting $298.13. 391,800 shares of the stock traded hands, compared to its average volume of 681,865. The stock has a market capitalization of $51,897.88, a P/E ratio of 22.72, a P/E/G ratio of 3.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21. Northrop Grumman Corporation has a 52 week low of $220.72 and a 52 week high of $306.61.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.35 earnings per share. equities research analysts predict that Northrop Grumman Corporation will post 13.2 earnings per share for the current year.

In related news, VP Denise M. Peppard sold 5,037 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the completion of the transaction, the vice president now owns 58,186 shares in the company, valued at $17,203,854.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Denise M. Peppard sold 2,328 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $300.86, for a total transaction of $700,402.08. Following the transaction, the vice president now owns 28,553 shares of the company’s stock, valued at approximately $8,590,455.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,676 shares of company stock valued at $4,070,370. 0.70% of the stock is owned by company insiders.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America Corporation set a $350.00 price objective on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Friday, October 27th. Stifel Nicolaus upped their price objective on shares of Northrop Grumman Corporation from $255.00 to $300.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Cowen and Company restated a “hold” rating and set a $300.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, October 26th. Finally, Goldman Sachs Group, Inc. (The) set a $320.00 price objective on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $292.01.

About Northrop Grumman Corporation

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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

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