SimpliFi Inc. Buys Shares of 956 Northrop Grumman Co. (NOC)

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SimpliFi Inc. bought a new position in Northrop Grumman Co. (NYSE:NOC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 956 shares of the aerospace company’s stock, valued at approximately $258,000. Northrop Grumman makes up about 0.2% of SimpliFi Inc.’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in NOC. Laurel Wealth Advisors LLC acquired a new position in shares of Northrop Grumman during the 4th quarter worth $27,000. Truvestments Capital LLC acquired a new position in Northrop Grumman in the 1st quarter valued at $28,000. Sontag Advisory LLC acquired a new position in Northrop Grumman in the 4th quarter valued at $29,000. Legacy Advisors LLC acquired a new position in Northrop Grumman in the 1st quarter valued at $30,000. Finally, Athena Capital Advisors LLC acquired a new position in Northrop Grumman in the 4th quarter valued at $31,000. Institutional investors own 83.98% of the company’s stock.

Shares of Northrop Grumman stock opened at $281.61 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 1.70. Northrop Grumman Co. has a fifty-two week low of $223.63 and a fifty-two week high of $359.88. The firm has a market capitalization of $47.86 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.15 and a beta of 0.88.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Thursday, January 31st. The aerospace company reported $4.93 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.48. Northrop Grumman had a net margin of 9.73% and a return on equity of 41.24%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the firm earned $2.82 EPS. On average, equities research analysts expect that Northrop Grumman Co. will post 18.94 earnings per share for the current fiscal year.

In other Northrop Grumman news, VP Janis G. Pamiljans sold 2,500 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $285.12, for a total value of $712,800.00. Following the completion of the sale, the vice president now directly owns 6,732 shares of the company’s stock, valued at approximately $1,919,427.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David T. Perry sold 13,210 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $288.94, for a total transaction of $3,816,897.40. Following the completion of the sale, the vice president now directly owns 25,100 shares of the company’s stock, valued at $7,252,394. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,197 shares of company stock valued at $34,247,476. Insiders own 0.45% of the company’s stock.

NOC has been the topic of a number of research analyst reports. Drexel Hamilton reiterated a “buy” rating and issued a $335.00 target price on shares of Northrop Grumman in a research note on Wednesday, December 19th. ValuEngine lowered shares of Northrop Grumman from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Bank of America reiterated a “buy” rating and issued a $355.00 target price (down from $360.00) on shares of Northrop Grumman in a research note on Friday, February 1st. Goldman Sachs Group lowered shares of Northrop Grumman from a “conviction-buy” rating to a “buy” rating in a research note on Friday, February 1st. Finally, Citigroup lowered their target price on shares of Northrop Grumman from $350.00 to $333.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Northrop Grumman has an average rating of “Buy” and a consensus target price of $338.72.

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About Northrop Grumman

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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