Oregon Public Employees Retirement Fund Holds Stake in Northrop Grumman Corporation (NOC)

Oregon Public Employees Retirement Fund maintained its stake in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,560 shares of the aerospace company’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Northrop Grumman Corporation were worth $18,884,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stock Yards Bank & Trust Co. boosted its stake in shares of Northrop Grumman Corporation by 87.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 1,672 shares of the aerospace company’s stock worth $398,000 after buying an additional 780 shares during the period. Creative Planning boosted its stake in shares of Northrop Grumman Corporation by 2.1% in the first quarter. Creative Planning now owns 16,808 shares of the aerospace company’s stock worth $3,998,000 after buying an additional 341 shares during the period. Raymond James Trust N.A. raised its position in shares of Northrop Grumman Corporation by 16.1% in the first quarter. Raymond James Trust N.A. now owns 4,610 shares of the aerospace company’s stock worth $1,097,000 after buying an additional 639 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Northrop Grumman Corporation by 2.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 153,788 shares of the aerospace company’s stock worth $36,576,000 after buying an additional 3,252 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC purchased a new position in shares of Northrop Grumman Corporation during the first quarter worth approximately $480,000. 82.08% of the stock is owned by institutional investors.

Northrop Grumman Corporation (NYSE:NOC) traded down 0.47% on Friday, reaching $269.28. 701,394 shares of the company were exchanged. The stock has a 50 day moving average of $263.45 and a 200 day moving average of $249.38. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month high of $274.61. The firm has a market capitalization of $46.88 billion, a PE ratio of 20.57 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share 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 firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Equities analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current year.

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NOC has been the topic of a number of recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $243.00 price objective on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Vertical Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $254.00 to $270.00 in a research note on Wednesday, May 10th. Stifel Nicolaus restated a “hold” rating and issued a $255.00 target price (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and issued a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Finally, Cowen and Company restated a “hold” rating and issued a $275.00 target price on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price 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 sale, the vice president now directly owns 69,458 shares of the company’s stock, valued at $18,059,080. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lisa R. Davis sold 367 shares of the stock in a transaction on 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 sale, the vice president now directly owns 961 shares in the company, valued at $252,983.25. 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.

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

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