Acadian Asset Management LLC cut its position in Northrop Grumman Corporation (NYSE:NOC) by 31.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,090 shares of the aerospace company’s stock after selling 43,255 shares during the period. Acadian Asset Management LLC owned about 0.06% of Northrop Grumman Corporation worth $24,666,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NOC. Harbour Capital Advisors LLC bought a new position in shares of Northrop Grumman Corporation during the first quarter worth $108,000. Horan Capital Management bought a new position in shares of Northrop Grumman Corporation during the first quarter worth $115,000. Dubuque Bank & Trust Co. increased its position 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 worth $119,000 after buying an additional 9 shares during the period. Global X Management Co. LLC increased its position in shares of Northrop Grumman Corporation by 63.3% in the first quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock worth $130,000 after buying an additional 212 shares during the period. Finally, Perigon Wealth Management LLC increased its position in shares of Northrop Grumman Corporation by 2.8% in the first quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after buying an additional 15 shares during the period. 81.75% of the stock is currently owned by institutional investors.

Shares of Northrop Grumman Corporation (NYSE:NOC) traded up 0.17% during midday trading on Friday, hitting $269.24. The stock had a trading volume of 653,027 shares. The firm has a market cap of $46.87 billion, a price-to-earnings ratio of 20.57 and a beta of 0.66. The stock’s 50 day moving average price is $261.05 and its 200 day moving average price is $247.53. Northrop Grumman Corporation has a 12 month low of $206.69 and a 12 month high of $269.24.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The firm had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the previous year, the firm earned $2.85 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Northrop Grumman Corporation will post $12.56 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on NOC shares. Deutsche Bank AG reissued a “buy” rating and issued a $285.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Vertical Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $254.00 to $270.00 in a report on Wednesday, May 10th. Zacks Investment Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 price objective on the stock in a report on Thursday, April 13th. Argus upped their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a report on Friday. Finally, BidaskClub downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $258.47.

In other news, VP Sid Ashworth sold 3,847 shares of Northrop Grumman Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the transaction, the vice president now directly owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas E. Vice sold 29,740 shares of Northrop Grumman Corporation stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $250.00, for a total value of $7,435,000.00. Following the transaction, the vice president now directly owns 72,453 shares in the company, valued at $18,113,250. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,954 shares of company stock worth $8,531,833. Insiders own 0.70% of the company’s stock.

About Northrop Grumman Corporation

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.

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

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