Gilman Hill Asset Management LLC grew its holdings in Northrop Grumman Co. (NYSE:NOC) by 19.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,970 shares of the aerospace company’s stock after purchasing an additional 660 shares during the period. Gilman Hill Asset Management LLC’s holdings in Northrop Grumman were worth $1,283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Northrop Grumman by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,002,473 shares of the aerospace company’s stock worth $489,450,000 after acquiring an additional 56,098 shares during the period. Thoroughbred Financial Services LLC increased its holdings in Northrop Grumman by 30,736.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 785,405 shares of the aerospace company’s stock worth $78,540,000 after acquiring an additional 782,858 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Northrop Grumman by 0.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 610,718 shares of the aerospace company’s stock worth $164,650,000 after acquiring an additional 2,698 shares during the period. PNC Financial Services Group Inc. increased its holdings in Northrop Grumman by 0.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 577,273 shares of the aerospace company’s stock worth $155,632,000 after acquiring an additional 1,833 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Northrop Grumman by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 541,267 shares of the aerospace company’s stock worth $132,552,000 after acquiring an additional 33,098 shares during the period. 83.61% of the stock is currently owned by institutional investors.

In other news, Director Madeleine Kleiner sold 971 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $315.16, for a total value of $306,020.36. Following the completion of the sale, the director now owns 16,675 shares of the company’s stock, valued at approximately $5,255,293. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Wesley G. Bush sold 50,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $291.59, for a total transaction of $14,579,500.00. Following the completion of the sale, the chairman now directly owns 46,275 shares of the company’s stock, valued at approximately $13,493,327.25. The disclosure for this sale can be found here. Insiders sold a total of 52,903 shares of company stock valued at $15,484,440 in the last ninety days. 0.45% of the stock is owned by corporate insiders.

A number of equities analysts have commented on NOC shares. Sanford C. Bernstein boosted their price target on shares of Northrop Grumman from $344.00 to $368.00 in a research note on Thursday. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 30th. Barclays reissued a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. Credit Suisse Group reissued a “buy” rating and issued a $425.00 price target on shares of Boeing in a research note on Thursday. Finally, Morgan Stanley set a $18.00 price target on shares of PG&E and gave the stock a “hold” rating in a research note on Friday, June 14th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $342.31.

Shares of Northrop Grumman stock opened at $352.52 on Monday. Northrop Grumman Co. has a 52-week low of $223.63 and a 52-week high of $358.96. The stock has a market cap of $59.65 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.45 and a beta of 0.80. The firm has a fifty day simple moving average of $321.49. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of 1.62.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $5.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.64 by $0.42. Northrop Grumman had a net margin of 9.80% and a return on equity of 42.21%. The company had revenue of $8.46 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter in the prior year, the company earned $4.50 EPS. The firm’s revenue was up 18.8% on a year-over-year basis. On average, analysts predict that Northrop Grumman Co. will post 19.59 earnings per share for the current year.

About Northrop Grumman

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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