Milestone Group Inc. maintained its position in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,510 shares of the aerospace company’s stock at the end of the second quarter. Milestone Group Inc.’s holdings in Northrop Grumman Corporation were worth $388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantitative Systematic Strategies LLC acquired a new position in shares of Northrop Grumman Corporation during the first quarter valued at approximately $600,000. Barometer Capital Management Inc. increased its position in shares of Northrop Grumman Corporation by 100.0% in the first quarter. Barometer Capital Management Inc. now owns 109,000 shares of the aerospace company’s stock valued at $25,925,000 after buying an additional 54,500 shares in the last quarter. Patten & Patten Inc. TN increased its position in shares of Northrop Grumman Corporation by 16.1% in the first quarter. Patten & Patten Inc. TN now owns 3,604 shares of the aerospace company’s stock valued at $857,000 after buying an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Northrop Grumman Corporation by 497.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,144 shares of the aerospace company’s stock valued at $3,594,000 after buying an additional 12,608 shares in the last quarter. Finally, Torch Wealth Management LLC acquired a new position in shares of Northrop Grumman Corporation during the first quarter valued at approximately $1,081,000. 82.08% of the stock is currently owned by institutional investors.

Shares of Northrop Grumman Corporation (NOC) opened at 273.10 on Thursday. 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 price of $262.80 and a 200 day moving average price of $248.96. Northrop Grumman Corporation has a 52 week low of $206.69 and a 52 week high of $273.80.

Northrop Grumman Corporation (NYSE:NOC) last issued its earnings results 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. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 EPS. Analysts expect that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

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Several brokerages have commented on NOC. Morgan Stanley began coverage on Northrop Grumman Corporation in a research report on Tuesday. They issued an “equal weight” rating and a $279.00 price target on the stock. Argus lifted their price target on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Cowen and Company reaffirmed a “hold” rating and issued a $275.00 price target on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. BidaskClub downgraded Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $285.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $259.93.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the sale, the vice president now owns 961 shares of the company’s stock, valued at approximately $252,983.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Sid Ashworth sold 3,847 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $260.00, for a total value of $1,000,220.00. Following the completion of the sale, the vice president now directly owns 69,458 shares in the company, valued at approximately $18,059,080. The disclosure for this sale can be found here. Company 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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