Boston Financial Mangement LLC Purchases New Holdings in Northrop Grumman Corporation (NOC)

Boston Financial Mangement LLC purchased a new stake in Northrop Grumman Corporation (NYSE:NOC) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 783 shares of the aerospace company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NOC. Salem Investment Counselors Inc. grew its stake in Northrop Grumman Corporation by 1.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock valued at $208,000 after acquiring an additional 10 shares during the last quarter. Cetera Investment Advisers grew its stake in Northrop Grumman Corporation by 0.8% in the 2nd quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock valued at $328,000 after acquiring an additional 10 shares during the last quarter. Bank of Stockton grew its stake in Northrop Grumman Corporation by 0.9% in the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock valued at $332,000 after acquiring an additional 12 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Northrop Grumman Corporation by 1.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock worth $338,000 after purchasing an additional 13 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in shares of Northrop Grumman Corporation by 2.8% during the 1st quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 81.50% of the company’s stock.

Several equities research analysts have issued reports on NOC shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $285.00 price target (up from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Argus raised their price target on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $294.00 price target on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. BidaskClub raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price target on the stock in a research note on Tuesday, September 5th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $290.54.

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Northrop Grumman Corporation (NYSE:NOC) last announced its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.76. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.35 earnings per share.

In other Northrop Grumman Corporation news, VP Sid Ashworth sold 6,311 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the completion of the sale, the vice president now owns 63,147 shares of the company’s stock, valued at $18,817,806. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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