BB&T Securities LLC Buys 321 Shares of Northrop Grumman Co. (NYSE:NOC)

BB&T Securities LLC increased its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,968 shares of the aerospace company’s stock after buying an additional 321 shares during the period. BB&T Securities LLC’s holdings in Northrop Grumman were worth $2,231,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NOC. Nuveen Asset Management LLC boosted its holdings in shares of Northrop Grumman by 32,192.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,241,311 shares of the aerospace company’s stock worth $401,079,000 after buying an additional 1,237,467 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of Northrop Grumman by 30,736.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 785,405 shares of the aerospace company’s stock worth $78,540,000 after buying an additional 782,858 shares during the period. Invesco Ltd. boosted its holdings in shares of Northrop Grumman by 93.9% during the 2nd quarter. Invesco Ltd. now owns 1,049,863 shares of the aerospace company’s stock worth $339,222,000 after buying an additional 508,554 shares during the period. Putnam Investments LLC boosted its holdings in shares of Northrop Grumman by 30.7% during the 2nd quarter. Putnam Investments LLC now owns 1,444,136 shares of the aerospace company’s stock worth $466,615,000 after buying an additional 339,169 shares during the period. Finally, Suvretta Capital Management LLC bought a new stake in shares of Northrop Grumman during the 2nd quarter worth about $73,898,000. 83.34% of the stock is owned by institutional investors and hedge funds.

NYSE NOC opened at $344.02 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $59.35 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.32 and a beta of 0.78. Northrop Grumman Co. has a 12-month low of $223.63 and a 12-month high of $383.89. The firm has a 50-day moving average price of $360.70 and a two-hundred day moving average price of $336.56.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $5.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.74 by $0.75. The firm had revenue of $8.48 billion during the quarter, compared to the consensus estimate of $8.56 billion. Northrop Grumman had a net margin of 9.05% and a return on equity of 39.12%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.54 EPS. Equities analysts expect that Northrop Grumman Co. will post 20.28 EPS for the current year.

Several analysts recently commented on NOC shares. Sanford C. Bernstein lifted their target price on shares of Northrop Grumman from $374.00 to $385.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. ValuEngine raised shares of Northrop Grumman from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Credit Suisse Group boosted their price objective on shares of Northrop Grumman from $364.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Robert W. Baird boosted their price objective on shares of Northrop Grumman from $300.00 to $364.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Finally, Zacks Investment Research raised shares of Northrop Grumman from a “hold” rating to a “buy” rating and set a $377.00 price objective for the company in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $365.08.

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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