Worldquant Millennium Advisors LLC Has $77.87 Million Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Worldquant Millennium Advisors LLC trimmed its holdings in shares of Northrop Grumman Co. (NYSE:NOC - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,934 shares of the aerospace company's stock after selling 3,057 shares during the period. Worldquant Millennium Advisors LLC owned about 0.11% of Northrop Grumman worth $77,871,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NOC. Sapient Capital LLC boosted its position in Northrop Grumman by 1.1% during the fourth quarter. Sapient Capital LLC now owns 2,049 shares of the aerospace company's stock valued at $962,000 after acquiring an additional 22 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in Northrop Grumman by 2.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,006 shares of the aerospace company's stock valued at $472,000 after acquiring an additional 22 shares during the last quarter. Mather Group LLC. boosted its position in Northrop Grumman by 2.6% during the fourth quarter. Mather Group LLC. now owns 900 shares of the aerospace company's stock valued at $422,000 after acquiring an additional 23 shares during the last quarter. Jacobi Capital Management LLC boosted its position in Northrop Grumman by 1.2% during the fourth quarter. Jacobi Capital Management LLC now owns 1,987 shares of the aerospace company's stock valued at $933,000 after acquiring an additional 23 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC boosted its position in Northrop Grumman by 5.9% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 432 shares of the aerospace company's stock valued at $203,000 after acquiring an additional 24 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $475.65, for a total value of $1,783,687.50. Following the completion of the sale, the chief executive officer now owns 212,852 shares in the company, valued at approximately $101,243,053.80. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Benjamin R. Davies sold 192 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $429.08, for a total transaction of $82,383.36. Following the completion of the sale, the vice president now owns 709 shares of the company's stock, valued at approximately $304,217.72. This trade represents a 21.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,505 shares of company stock worth $2,127,632. Insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley upped their price target on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. The Goldman Sachs Group raised shares of Northrop Grumman from a "sell" rating to a "neutral" rating and upped their price target for the company from $424.00 to $521.00 in a research report on Friday, April 11th. Argus upgraded shares of Northrop Grumman to a "strong-buy" rating in a report on Wednesday, February 26th. Wells Fargo & Company set a $525.00 price objective on shares of Northrop Grumman and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Truist Financial dropped their price objective on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $545.31.

Northrop Grumman Trading Down 0.6%

NOC opened at $470.46 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.01 and a quick ratio of 0.91. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The firm has a market capitalization of $67.71 billion, a PE ratio of 16.60, a P/E/G ratio of 3.73 and a beta of 0.15. The company's 50-day moving average is $496.43 and its 200 day moving average is $485.22.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $10.07 billion. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. As a group, research analysts predict that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

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