Bbva Compass Bancshares Inc. decreased its stake in Northrop Grumman Corporation (NYSE:NOC) by 4.9% during the second quarter, Holdings Channel reports. The firm owned 12,922 shares of the aerospace company’s stock after selling 664 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Northrop Grumman Corporation were worth $3,317,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NOC. Harbour Capital Advisors LLC acquired a new stake in shares of Northrop Grumman Corporation during the first quarter valued at approximately $108,000. Horan Capital Management acquired a new stake in shares of Northrop Grumman Corporation during the first quarter valued at approximately $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 valued at $119,000 after buying an additional 9 shares during the period. 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 valued at $130,000 after buying an additional 212 shares during the period. Finally, 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 valued at $130,000 after buying an additional 15 shares during the period. 82.08% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Corporation (NYSE NOC) opened at 273.10 on Thursday. Northrop Grumman Corporation has a 52 week low of $206.69 and a 52 week high of $273.80. The firm has a market cap of $47.55 billion, a price-to-earnings ratio of 20.86 and a beta of 0.66. The company has a 50-day moving average of $262.80 and a 200-day moving average of $248.96.

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 consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the previous year, the firm posted $2.85 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts forecast that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.

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Several brokerages have commented on NOC. Argus boosted 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 report on Friday, August 4th. Morgan Stanley began coverage on shares of Northrop Grumman Corporation in a research report on Tuesday. They set an “equal weight” rating and a $279.00 price target on the stock. BidaskClub cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Vertical Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $254.00 to $270.00 in a research report on Wednesday, May 10th. Finally, Cowen and Company reissued a “hold” rating and set a $275.00 price target on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Northrop Grumman Corporation presently has a consensus rating of “Buy” and a consensus target price of $259.93.

In related news, VP Lisa R. Davis sold 367 shares of the business’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 transaction of $96,612.75. Following the completion of the transaction, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Sid Ashworth sold 3,847 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

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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