Stratos Wealth Partners LTD. decreased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,028 shares of the aerospace company’s stock after selling 140 shares during the period. Stratos Wealth Partners LTD.’s holdings in Northrop Grumman Corporation were worth $1,291,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Shelton Capital Management increased its stake in Northrop Grumman Corporation by 70.5% in the first quarter. Shelton Capital Management now owns 17,200 shares of the aerospace company’s stock valued at $4,091,000 after buying an additional 7,112 shares in the last quarter. Evermay Wealth Management LLC bought a new stake in Northrop Grumman Corporation during the first quarter valued at $286,000. Holderness Investments Co. increased its stake in Northrop Grumman Corporation by 38.6% in the first quarter. Holderness Investments Co. now owns 2,587 shares of the aerospace company’s stock valued at $615,000 after buying an additional 720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Northrop Grumman Corporation by 0.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,418 shares of the aerospace company’s stock valued at $3,191,000 after buying an additional 84 shares in the last quarter. Finally, Concert Wealth Management Inc. increased its stake in 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 valued at $252,000 after buying an additional 8 shares in the last quarter. 82.08% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Corporation (NOC) opened at 269.28 on Friday. The stock has a market capitalization of $46.88 billion, a price-to-earnings ratio of 20.57 and a beta of 0.66. Northrop Grumman Corporation has a one year low of $206.69 and a one year high of $274.61. The company’s 50-day moving average is $263.45 and its 200 day moving average is $249.38.

Northrop Grumman Corporation (NYSE:NOC) last released its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.31. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.85 EPS. Equities analysts expect that Northrop Grumman Corporation will post $12.55 EPS for the current year.

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Several analysts have recently weighed in on NOC shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $285.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating and set a $275.00 price target on shares of Northrop Grumman Corporation in a research note on Monday, July 17th. BidaskClub downgraded shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley started coverage on shares of Northrop Grumman Corporation in a research note on Tuesday. They set an “equal weight” rating and a $279.00 price target for the company. Finally, Vertical Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $254.00 to $270.00 in a research note on Wednesday, May 10th. Eight 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 an average price target of $259.93.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the 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 sale, the vice president now directly owns 961 shares in the company, valued at approximately $252,983.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sid Ashworth sold 3,847 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the sale, the vice president now owns 69,458 shares in the company, valued at $18,059,080. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate 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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