Parsons Capital Management Inc. RI Has $213,000 Position in Northrop Grumman Corporation (NYSE:NOC)

Parsons Capital Management Inc. RI held its position in Northrop Grumman Corporation (NYSE:NOC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 897 shares of the aerospace company’s stock at the end of the first quarter. Parsons Capital Management Inc. RI’s holdings in Northrop Grumman Corporation were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Shelton Capital Management boosted its position 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 during the period. Evermay Wealth Management LLC bought a new position in Northrop Grumman Corporation during the first quarter valued at $286,000. Holderness Investments Co. boosted its position in shares of Northrop Grumman Corporation by 38.6% in the first quarter. Holderness Investments Co. now owns 2,587 shares of the aerospace company’s stock worth $615,000 after buying an additional 720 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of 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 worth $3,191,000 after buying an additional 84 shares during the last quarter. Finally, Concert Wealth Management Inc. boosted 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 last quarter. Institutional investors own 82.08% of the company’s stock.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at 269.28 on Friday. The stock has a market cap of $46.88 billion, a price-to-earnings ratio of 20.57 and a beta of 0.66. The stock’s 50 day moving average price is $263.45 and its 200-day moving average price is $249.38. Northrop Grumman Corporation has a 1-year low of $206.69 and a 1-year high of $274.61.

Northrop Grumman Corporation (NYSE:NOC) last released its earnings results 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. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

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NOC has been the topic of a number of recent research reports. Deutsche Bank AG reiterated a “buy” rating and set a $285.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Cowen and Company reiterated a “hold” rating and set a $275.00 price target on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. BidaskClub cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Morgan Stanley initiated coverage on shares of Northrop Grumman Corporation in a research report on Tuesday. They set an “equal weight” rating and a $279.00 price target on the stock. Finally, Vertical Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $254.00 to $270.00 in a research report on Wednesday, May 10th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Northrop Grumman Corporation currently has a consensus rating of “Buy” and an average price target of $259.93.

In other Northrop Grumman Corporation 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 transaction, the vice president now owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 directly owns 961 shares in the company, valued at approximately $252,983.25. The disclosure for this sale can be found here. 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.

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

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