Rothschild Asset Management Inc. cut its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 281,352 shares of the aerospace company’s stock after selling 5,132 shares during the period. Northrop Grumman Corporation makes up 0.8% of Rothschild Asset Management Inc.’s investment portfolio, making the stock its 19th largest position. Rothschild Asset Management Inc.’s holdings in Northrop Grumman Corporation were worth $72,226,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new stake in shares of Northrop Grumman Corporation during the first quarter valued at $108,000. Horan Capital Management acquired a new position in shares of Northrop Grumman Corporation during the first quarter worth approximately $115,000. Dubuque Bank & Trust Co. raised 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. Perigon Wealth Management LLC raised 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. Finally, Global X Management Co. LLC raised 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. 82.08% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Corporation (NOC) opened at 273.10 on Thursday. The company’s 50-day moving average price is $262.80 and its 200-day moving average price is $248.96. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month high of $273.80. The firm has a market capitalization of $47.55 billion, a price-to-earnings ratio of 20.86 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Equities analysts expect that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/10/rothschild-asset-management-inc-has-72-23-million-stake-in-northrop-grumman-corporation-nysenoc.html.

A number of research analysts have recently commented on NOC shares. Stifel Nicolaus reissued a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $285.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and set a $243.00 price target on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Zacks Investment Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a report on Thursday, April 13th. Finally, Cowen and Company reissued a “hold” rating and set a $275.00 price target on shares of Northrop Grumman Corporation in a report on Monday, July 17th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Northrop Grumman Corporation currently has an average rating of “Buy” and an average target price of $259.93.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the transaction, the vice president now directly owns 961 shares of the company’s stock, valued at $252,983.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Sid Ashworth sold 3,847 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 69,458 shares of the company’s stock, valued at $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.

Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOC).

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

Receive News & Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.