Crestwood Advisors Group LLC raised its position in Northrop Grumman Corporation (NYSE:NOC) by 21.8% during the second quarter, Holdings Channel reports. The institutional investor owned 1,039 shares of the aerospace company’s stock after buying an additional 186 shares during the period. Crestwood Advisors Group LLC’s holdings in Northrop Grumman Corporation were worth $274,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank increased its position in shares of Northrop Grumman Corporation by 145.3% in the first quarter. Huntington National Bank now owns 66,723 shares of the aerospace company’s stock valued at $15,870,000 after buying an additional 39,527 shares during the period. Johanson Financial Advisors Inc. purchased a new position in shares of Northrop Grumman Corporation during the first quarter valued at about $381,000. Deschutes Portfolio Strategy LLC increased its position in shares of Northrop Grumman Corporation by 5.0% in the first quarter. Deschutes Portfolio Strategy LLC now owns 2,092 shares of the aerospace company’s stock valued at $498,000 after buying an additional 100 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in shares of Northrop Grumman Corporation during the first quarter valued at about $600,000. Finally, 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 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 269.28 on Friday. The company has a market capitalization of $46.88 billion, a PE ratio of 20.57 and a beta of 0.66. The company’s 50 day moving average is $263.45 and its 200-day moving average is $249.38. Northrop Grumman Corporation has a 52 week low of $206.69 and a 52 week high of $274.61.

Northrop Grumman Corporation (NYSE:NOC) last issued 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 return on equity of 39.22% and a net margin of 9.20%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. Argus boosted their price target on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 4th. Morgan Stanley assumed coverage on shares of Northrop Grumman Corporation in a report on Tuesday. They set an “equal weight” rating and a $279.00 price target for the company. BidaskClub downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a 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 company from $254.00 to $270.00 in a 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 report on Monday, July 17th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $259.93.

In other news, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sid Ashworth sold 3,847 shares of the company’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 transaction, 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. Corporate insiders own 0.70% of the company’s stock.

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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