Bristlecone Advisors LLC increased its position in Northrop Grumman Corporation (NYSE:NOC) by 2.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,273 shares of the aerospace company’s stock after buying an additional 205 shares during the period. Bristlecone Advisors LLC’s holdings in Northrop Grumman Corporation were worth $2,637,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NOC. Harbour Capital Advisors LLC bought a new stake in shares of Northrop Grumman Corporation during the first quarter worth about $108,000. Horan Capital Management bought a new stake in shares of Northrop Grumman Corporation during the first quarter worth about $115,000. Dubuque Bank & Trust Co. boosted 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 worth $119,000 after buying an additional 9 shares in the last quarter. Perigon Wealth Management LLC boosted its stake 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 in the last quarter. Finally, Global X Management Co. LLC boosted its stake 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 in the last quarter. Institutional investors own 82.08% of the company’s stock.

Northrop Grumman Corporation (NOC) opened at 269.58 on Tuesday. Northrop Grumman Corporation has a one year low of $206.69 and a one year high of $269.73. The firm has a 50-day moving average price of $261.05 and a 200-day moving average price of $247.53. The firm has a market capitalization of $46.93 billion, a price-to-earnings ratio of 20.59 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.85 earnings per share. Analysts expect that Northrop Grumman Corporation will post $12.56 EPS for the current year.

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A number of brokerages have recently issued reports on NOC. BidaskClub cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Argus upped their price objective on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank AG reiterated a “buy” rating and set a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Stifel Nicolaus reiterated a “hold” rating and set a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Finally, Cowen and Company reiterated a “hold” rating and set a $275.00 price objective on shares of Northrop Grumman Corporation in a research note on Monday, July 17th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $258.47.

In other Northrop Grumman Corporation news, VP Thomas E. Vice sold 29,740 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $250.00, for a total value of $7,435,000.00. Following the sale, the vice president now directly owns 72,453 shares in the company, valued at $18,113,250. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the sale, the vice president now owns 961 shares in the company, valued at $252,983.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,954 shares of company stock worth $8,531,833. Corporate 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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