Park National Corp OH boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,404 shares of the aerospace company’s stock after buying an additional 77 shares during the period. Park National Corp OH’s holdings in Northrop Grumman Corporation were worth $617,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new position in Northrop Grumman Corporation during the first quarter valued at approximately $108,000. Horan Capital Management bought a new position in Northrop Grumman Corporation during the first quarter valued at approximately $115,000. Dubuque Bank & Trust Co. boosted its position in Northrop Grumman Corporation by 1.8% in the first quarter. Dubuque Bank & Trust Co. now owns 501 shares of the aerospace company’s stock valued at $119,000 after buying an additional 9 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Northrop Grumman Corporation by 6.8% in the fourth quarter. Perigon Wealth Management LLC now owns 531 shares of the aerospace company’s stock valued at $129,000 after buying an additional 34 shares during the last quarter. Finally, Global X Management Co. LLC boosted its position in Northrop Grumman Corporation by 63.3% in the first quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock valued at $130,000 after buying an additional 212 shares during the last quarter. 82.08% of the stock is owned by institutional investors and hedge funds.
Shares of Northrop Grumman Corporation (NOC) opened at 269.28 on Friday. The stock has a 50 day moving average price of $263.45 and a 200 day moving average price of $249.38. The stock has a market capitalization of $46.88 billion, a P/E ratio of 20.57 and a beta of 0.66. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month 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 EPS for the quarter, topping the consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The business had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter last year, the company posted $2.85 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.
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Several research analysts recently commented on the company. Morgan Stanley assumed coverage on Northrop Grumman Corporation in a research note on Tuesday. They set an “equal weight” rating and a $279.00 target price for the company. Argus boosted their target price on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. BidaskClub cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Deutsche Bank AG reissued a “buy” rating and set a $285.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Northrop Grumman Corporation 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 stock in a transaction dated Tuesday, August 1st. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sid Ashworth sold 3,847 shares of the stock in a transaction dated 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 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. Company insiders own 0.70% of the company’s stock.
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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