Candriam Luxembourg S.C.A. reduced its stake in Northrop Grumman Corporation (NYSE:NOC) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,468 shares of the aerospace company’s stock after selling 170 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Northrop Grumman Corporation were worth $3,714,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Northrop Grumman Corporation by 2,871.7% in the first quarter. BlackRock Inc. now owns 12,775,397 shares of the aerospace company’s stock valued at $3,038,501,000 after buying an additional 12,345,491 shares in the last quarter. Vanguard Group Inc. raised its stake in Northrop Grumman Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 12,764,239 shares of the aerospace company’s stock valued at $3,035,847,000 after buying an additional 531,824 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Northrop Grumman Corporation by 5.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock valued at $1,098,335,000 after buying an additional 239,260 shares in the last quarter. Alliancebernstein L.P. raised its stake in Northrop Grumman Corporation by 64.6% in the first quarter. Alliancebernstein L.P. now owns 3,149,678 shares of the aerospace company’s stock valued at $749,119,000 after buying an additional 1,235,985 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Northrop Grumman Corporation by 4.8% in the first quarter. Wellington Management Group LLP now owns 2,878,724 shares of the aerospace company’s stock valued at $684,676,000 after buying an additional 131,008 shares in the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.

Northrop Grumman Corporation (NYSE:NOC) opened at 269.28 on Friday. The company has a 50-day moving average price of $263.45 and a 200 day moving average price of $249.38. Northrop Grumman Corporation has a 1-year low of $206.69 and a 1-year high of $274.61. The firm has a market capitalization of $46.88 billion, a P/E ratio of 20.57 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $6.21 billion. During the same period in the prior year, the business earned $2.85 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Analysts expect that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was first reported by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/13/candriam-luxembourg-s-c-a-sells-170-shares-of-northrop-grumman-corporation-noc.html.

NOC has been the topic of several recent research reports. Stifel Nicolaus restated a “hold” rating and issued a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and set a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Group LLC reiterated a “hold” rating and set a $243.00 target price on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Finally, Cowen and Company reiterated a “hold” rating and set a $275.00 target price on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Northrop Grumman Corporation presently has an average rating of “Buy” and an average price target of $259.93.

In related news, VP Sid Ashworth sold 3,847 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was 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 in the company, valued at $18,059,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were 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 owns 961 shares of the company’s stock, valued at $252,983.25. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate 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.

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.