Nisa Investment Advisors LLC decreased its stake in shares of Northrop Grumman Co. (NYSE:NOC) by 2.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 77,254 shares of the aerospace company’s stock after selling 2,347 shares during the period. Nisa Investment Advisors LLC’s holdings in Northrop Grumman were worth $24,962,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co grew its holdings in shares of Northrop Grumman by 4.6% during the 2nd quarter. CENTRAL TRUST Co now owns 10,929 shares of the aerospace company’s stock worth $3,551,000 after purchasing an additional 478 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Northrop Grumman by 5.3% during the 2nd quarter. Diversified Trust Co now owns 1,081 shares of the aerospace company’s stock worth $349,000 after purchasing an additional 54 shares in the last quarter. Patten Group Inc. grew its holdings in shares of Northrop Grumman by 1.2% during the 2nd quarter. Patten Group Inc. now owns 2,522 shares of the aerospace company’s stock worth $815,000 after purchasing an additional 31 shares in the last quarter. Affiance Financial LLC bought a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $211,000. Finally, One Capital Management LLC bought a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $210,000. 83.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of NOC opened at $352.52 on Friday. The company has a fifty day simple moving average of $321.49. The company has a current ratio of 1.25, a quick ratio of 1.10 and a debt-to-equity ratio of 1.62. Northrop Grumman Co. has a 52-week low of $223.63 and a 52-week high of $358.96. The company has a market cap of $60.02 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.41 and a beta of 0.80.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.64 by $0.42. Northrop Grumman had a return on equity of 42.21% and a net margin of 9.80%. The firm had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter in the previous year, the company posted $4.50 EPS. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, sell-side analysts forecast that Northrop Grumman Co. will post 19.56 EPS for the current fiscal year.

In other Northrop Grumman news, Chairman Wesley G. Bush sold 50,000 shares of Northrop Grumman stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $291.59, for a total value of $14,579,500.00. Following the completion of the transaction, the chairman now owns 46,275 shares in the company, valued at approximately $13,493,327.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Patrick M. Antkowiak sold 1,932 shares of Northrop Grumman stock in a transaction on Monday, May 20th. The shares were sold at an average price of $310.00, for a total value of $598,920.00. Following the completion of the transaction, the vice president now owns 5,208 shares of the company’s stock, valued at approximately $1,614,480. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,903 shares of company stock valued at $15,484,440. Corporate insiders own 0.45% of the company’s stock.

Several equities analysts recently commented on NOC shares. Credit Suisse Group restated a “buy” rating and set a $425.00 target price on shares of Boeing in a research report on Thursday. UBS Group raised their target price on Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Sanford C. Bernstein raised their target price on Northrop Grumman from $344.00 to $368.00 in a research report on Thursday. Morgan Stanley set a $18.00 target price on PG&E and gave the stock a “hold” rating in a research report on Friday, June 14th. Finally, Robert W. Baird raised their target price on Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Northrop Grumman presently has a consensus rating of “Buy” and an average target price of $343.35.

Northrop Grumman Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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

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