Kavar Capital Partners LLC Makes New Investment in Northrop Grumman Co. (NYSE:NOC)

Kavar Capital Partners LLC purchased a new position in shares of Northrop Grumman Co. (NYSE:NOC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 111 shares of the aerospace company’s stock, valued at approximately $36,000.

Other institutional investors have also modified their holdings of the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Northrop Grumman in the 2nd quarter worth $9,784,000. Trust Co. of Toledo NA OH purchased a new position in shares of Northrop Grumman in the 1st quarter worth $231,000. First Personal Financial Services raised its position in shares of Northrop Grumman by 6.5% in the 1st quarter. First Personal Financial Services now owns 658 shares of the aerospace company’s stock worth $177,000 after buying an additional 40 shares during the period. Brinker Capital Inc. raised its position in shares of Northrop Grumman by 40.1% in the 1st quarter. Brinker Capital Inc. now owns 33,347 shares of the aerospace company’s stock worth $8,990,000 after buying an additional 9,544 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Northrop Grumman by 1.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 245,284 shares of the aerospace company’s stock worth $66,128,000 after buying an additional 2,777 shares during the period. 83.71% of the stock is currently owned by institutional investors.

NYSE:NOC traded up $2.69 during mid-day trading on Friday, hitting $367.91. The company had a trading volume of 827,300 shares, compared to its average volume of 1,033,918. The business has a fifty day simple moving average of $339.56 and a 200-day simple moving average of $302.60. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of 1.62. Northrop Grumman Co. has a 1 year low of $223.63 and a 1 year high of $377.34. The firm has a market capitalization of $61.15 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.48 and a beta of 0.81.

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

Several brokerages recently weighed in on NOC. Bank of America reaffirmed a “buy” rating and issued a $405.00 target price (up from $355.00) on shares of Northrop Grumman in a research report on Thursday, July 25th. Alembic Global Advisors raised Northrop Grumman from a “neutral” rating to an “overweight” rating in a research report on Tuesday, April 30th. Credit Suisse Group increased their target price on Northrop Grumman from $364.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Morgan Stanley raised Northrop Grumman from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $335.00 to $418.00 in a research report on Tuesday, August 6th. Finally, Barclays increased their target price on Northrop Grumman from $325.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $345.93.

In other news, Director Madeleine Kleiner sold 971 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $315.16, for a total transaction of $306,020.36. Following the completion of the sale, the director now directly owns 16,675 shares in the company, valued at $5,255,293. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Patrick M. Antkowiak sold 1,932 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $310.00, for a total value of $598,920.00. Following the sale, the vice president now owns 5,208 shares of the company’s stock, valued at $1,614,480. The disclosure for this sale can be found here. Insiders sold 14,740 shares of company stock worth $5,087,496 over the last three months. 0.45% of the stock is currently owned by corporate insiders.

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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