Janney Montgomery Scott LLC raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 21.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,500 shares of the aerospace company’s stock after buying an additional 3,447 shares during the period. Janney Montgomery Scott LLC’s holdings in Northrop Grumman Corporation were worth $5,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NOC. Harbour Capital Advisors LLC purchased a new position in shares of Northrop Grumman Corporation during the first quarter worth about $108,000. Horan Capital Management purchased a new position in shares of Northrop Grumman Corporation during the first quarter worth about $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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 82.08% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Corporation (NOC) opened at 269.82 on Wednesday. The firm has a market capitalization of $46.97 billion, a PE ratio of 20.61 and a beta of 0.66. Northrop Grumman Corporation has a one year low of $206.69 and a one year high of $270.20. The stock has a 50 day moving average of $261.88 and a 200-day moving average of $247.97.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly 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 business 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% compared to the same quarter last year. During the same period in the prior year, the company posted $2.85 EPS. On average, equities analysts predict that Northrop Grumman Corporation will post $12.55 EPS for the current year.

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A number of research analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Northrop Grumman Corporation in a research note on Tuesday. They issued an “equal weight” rating and a $279.00 price target for the company. Argus lifted their price target on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Cowen and Company reiterated a “hold” rating and issued a $275.00 price target on shares of Northrop Grumman Corporation in a research note on Monday, July 17th. BidaskClub downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $259.93.

In related news, VP Sid Ashworth sold 3,847 shares of the company’s stock in a transaction that occurred on 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 sale, 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 filing with the SEC, which is accessible through this hyperlink. Also, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 961 shares in the company, valued at $252,983.25. The disclosure for this sale can be found here. 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.

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

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