Lyell Wealth Management LP Has $4.69 Million Holdings in Northrop Grumman Co. (NYSE:NOC)

Lyell Wealth Management LP lifted its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,526 shares of the aerospace company’s stock after purchasing an additional 1,449 shares during the period. Northrop Grumman accounts for 1.4% of Lyell Wealth Management LP’s holdings, making the stock its 28th biggest holding. Lyell Wealth Management LP’s holdings in Northrop Grumman were worth $4,693,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Trustcore Financial Services LLC acquired a new position in shares of Northrop Grumman during the first quarter worth $27,000. Glassman Wealth Services raised its stake in Northrop Grumman by 203.0% during the first quarter. Glassman Wealth Services now owns 100 shares of the aerospace company’s stock worth $27,000 after buying an additional 67 shares during the last quarter. Truvestments Capital LLC bought a new position in Northrop Grumman during the first quarter worth $28,000. Meridian Wealth Management LLC bought a new position in Northrop Grumman during the first quarter worth $29,000. Finally, Field & Main Bank bought a new position in Northrop Grumman during the first quarter worth $31,000. Institutional investors own 83.71% of the company’s stock.

A number of brokerages recently weighed in on NOC. Bank of America reissued a “buy” rating and set a $405.00 target price (up previously from $355.00) on shares of Northrop Grumman in a research note on Thursday, July 25th. Barclays lifted their target price on shares of Northrop Grumman from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 30th. Credit Suisse Group lifted their target price on shares of Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird lifted their target price on shares of Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $345.93.

In other news, VP Patrick M. Antkowiak sold 1,932 shares of Northrop Grumman stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $310.00, for a total transaction of $598,920.00. Following the completion of the transaction, the vice president now directly owns 5,208 shares in the company, valued at $1,614,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kathy J. Warden sold 6,837 shares of Northrop Grumman stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $353.46, for a total transaction of $2,416,606.02. Following the transaction, the chief executive officer now owns 99,002 shares of the company’s stock, valued at $34,993,246.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,740 shares of company stock valued at $5,087,496. Insiders own 0.45% of the company’s stock.

NOC traded down $7.62 during midday trading on Wednesday, hitting $363.04. The company had a trading volume of 36,158 shares, compared to its average volume of 933,022. Northrop Grumman Co. has a 52 week low of $223.63 and a 52 week high of $377.34. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of 1.62. The stock has a market cap of $62.69 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 1.52 and a beta of 0.81. The stock’s 50 day simple moving average is $336.94.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.64 by $0.42. Northrop Grumman had a net margin of 9.80% and a return on equity of 42.21%. The firm had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the previous year, the firm posted $4.50 earnings per share. The business’s revenue was up 18.8% compared to the same quarter last year. Sell-side analysts forecast that Northrop Grumman Co. will post 19.63 EPS for the current fiscal year.

Northrop Grumman Company 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.

Further Reading: Market Capitalization – What it Means for Investors

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

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