NJ State Employees Deferred Compensation Plan continued to hold its position in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, Holdings Channel reports. The fund owned 10,000 shares of the aerospace company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Northrop Grumman Corporation were worth $2,567,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Northrop Grumman Corporation by 0.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the aerospace company’s stock worth $199,000 after buying an additional 3 shares during the period. Concert Wealth Management Inc. increased its position in shares of Northrop Grumman Corporation by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock worth $252,000 after buying an additional 8 shares during the period. 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 during the period. Argent Trust Co increased its position in shares of Northrop Grumman Corporation by 0.7% in the first quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock worth $401,000 after buying an additional 11 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in shares of Northrop Grumman Corporation by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the aerospace company’s stock worth $739,000 after buying an additional 12 shares during the period. 82.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at 270.55 on Friday. Northrop Grumman Corporation has a 1-year low of $206.69 and a 1-year high of $274.61. The stock has a market cap of $47.10 billion, a PE ratio of 20.67 and a beta of 0.66. The stock’s 50 day moving average price is $263.10 and its 200 day moving average price is $249.11.

Northrop Grumman Corporation (NYSE:NOC) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, topping the consensus estimate of $2.84 by $0.31. The company had revenue of $6.38 billion during 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 quarter last year, the firm earned $2.85 EPS. On average, equities research analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

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A number of brokerages recently issued reports on NOC. Argus upped their price target on Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $243.00 price target on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Vertical Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $254.00 to $270.00 in a report on Wednesday, May 10th. Finally, Morgan Stanley began coverage on Northrop Grumman Corporation in a report on Tuesday. They issued an “equal weight” rating and a $279.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average 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 stock was 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 in the company, valued at approximately $252,983.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $1,000,220.00. Following the transaction, the vice president now 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 company insiders.

Northrop Grumman Corporation Company Profile

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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