Northrop Grumman Corporation (NOC) Stake Increased by Investec Asset Management LTD

Investec Asset Management LTD boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 0.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 23,758 shares of the aerospace company’s stock after buying an additional 30 shares during the period. Investec Asset Management LTD’s holdings in Northrop Grumman Corporation were worth $5,651,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of NOC. Horan Capital Management bought a new position in shares of Northrop Grumman Corporation during the first quarter valued at $115,000. Dubuque Bank & Trust Co. raised its stake in shares of Northrop Grumman Corporation by 1.8% in the first quarter. Dubuque Bank & Trust Co. now owns 501 shares of the aerospace company’s stock valued at $119,000 after buying an additional 9 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of Northrop Grumman Corporation by 6.8% in the fourth quarter. Perigon Wealth Management LLC now owns 531 shares of the aerospace company’s stock valued at $129,000 after buying an additional 34 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Northrop Grumman Corporation by 12.4% in the first quarter. Quadrant Capital Group LLC now owns 590 shares of the aerospace company’s stock valued at $132,000 after buying an additional 65 shares in the last quarter. Finally, Portfolio Solutions LLC acquired a new stake in shares of Northrop Grumman Corporation during the first quarter valued at about $141,000. Institutional investors own 81.80% of the company’s stock.

Northrop Grumman Corporation (NYSE:NOC) traded up 1.28% during trading on Friday, hitting $264.10. The stock had a trading volume of 588,212 shares. The stock has a 50 day moving average price of $260.62 and a 200-day moving average price of $246.81. Northrop Grumman Corporation has a 12 month low of $206.69 and a 12 month high of $266.81. The stock has a market cap of $45.98 billion, a price-to-earnings ratio of 20.17 and a beta of 0.67.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the consensus estimate of $2.84 by $0.31. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. Northrop Grumman Corporation’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.85 earnings per share. On average, equities analysts predict that Northrop Grumman Corporation will post $12.46 EPS for the current year.

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Several equities research analysts have recently issued reports on NOC shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $255.00 target price (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday. Deutsche Bank AG reissued a “buy” rating and issued a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $243.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Zacks Investment Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a research note on Thursday, April 13th. Finally, Cowen and Company restated a “hold” rating and issued a $275.00 target price on shares of Northrop Grumman Corporation in a research note on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $255.42.

In other news, VP Sid Ashworth sold 3,847 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the completion of the sale, the vice president now owns 69,458 shares in the company, valued at $18,059,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Wesley G. Bush sold 33,976 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $244.74, for a total transaction of $8,315,286.24. Following the completion of the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $244.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,563 shares of company stock worth $16,750,506. Corporate insiders own 0.70% of the company’s stock.

Northrop Grumman Corporation Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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

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