Schulhoff & Co. Inc. maintained its position in shares of Northrop Grumman Corp. (NYSE:NOC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,224 shares of the company’s stock at the end of the second quarter. Schulhoff & Co. Inc.’s holdings in Northrop Grumman Corp. were worth $494,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. ING Groep NV raised its position in shares of Northrop Grumman Corp. by 82.9% in the first quarter. ING Groep NV now owns 4,107 shares of the company’s stock worth $813,000 after buying an additional 1,862 shares during the last quarter. Credit Agricole S A raised its position in Northrop Grumman Corp. by 16.7% in the first quarter. Credit Agricole S A now owns 219,210 shares of the company’s stock valued at $43,381,000 after buying an additional 31,416 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in Northrop Grumman Corp. during the first quarter valued at approximately $29,164,000. BB&T Securities LLC raised its position in Northrop Grumman Corp. by 84.7% in the first quarter. BB&T Securities LLC now owns 5,589 shares of the company’s stock valued at $1,106,000 after buying an additional 2,563 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Northrop Grumman Corp. during the first quarter valued at approximately $1,835,000. 82.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Northrop Grumman Corp. (NYSE:NOC) traded down 0.58% on Wednesday, reaching $218.16. 729,124 shares of the company were exchanged. The company’s 50-day moving average is $214.20 and its 200-day moving average is $213.87. Northrop Grumman Corp. has a 52 week low of $173.87 and a 52 week high of $224.12. The company has a market capitalization of $38.96 billion, a price-to-earnings ratio of 19.63 and a beta of 0.72.
Northrop Grumman Corp. (NYSE:NOC) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.32. Northrop Grumman Corp. had a net margin of 8.67% and a return on equity of 32.59%. The company had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.99 billion. During the same quarter in the previous year, the business posted $2.54 earnings per share. Northrop Grumman Corp.’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Northrop Grumman Corp. will post $11.04 EPS for the current fiscal year.
Several research firms recently commented on NOC. Zacks Investment Research raised shares of Northrop Grumman Corp. from a “hold” rating to a “buy” rating and set a $248.00 target price on the stock in a report on Monday, July 4th. Vetr lowered shares of Northrop Grumman Corp. from a “buy” rating to a “hold” rating and set a $224.44 target price on the stock. in a report on Tuesday, June 28th. Citigroup Inc. increased their target price on shares of Northrop Grumman Corp. from $235.00 to $243.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Robert W. Baird began coverage on shares of Northrop Grumman Corp. in a report on Wednesday, October 5th. They set an “outperform” rating and a $260.00 target price on the stock. Finally, Argus reaffirmed a “buy” rating on shares of Northrop Grumman Corp. in a report on Tuesday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Northrop Grumman Corp. currently has a consensus rating of “Buy” and an average price target of $223.97.
In other Northrop Grumman Corp. news, VP Christopher T. Jones sold 240 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $215.86, for a total transaction of $51,806.40. Following the transaction, the vice president now owns 48,020 shares in the company, valued at $10,365,597.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas E. Vice sold 20,997 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $217.94, for a total transaction of $4,576,086.18. Following the transaction, the vice president now owns 82,496 shares in the company, valued at approximately $17,979,178.24. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
About Northrop Grumman Corp.
Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.
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