HL Financial Services LLC raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,513 shares of the aerospace company’s stock after buying an additional 45 shares during the period. HL Financial Services LLC’s holdings in Northrop Grumman Corporation were worth $388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Harbour Capital Advisors LLC acquired a new position in shares of Northrop Grumman Corporation during the first quarter worth about $108,000. Dubuque Bank & Trust Co. boosted its position in shares of Northrop Grumman Corporation by 1.8% in the first quarter. Dubuque Bank & Trust Co. now owns 501 shares of the aerospace company’s stock worth $119,000 after buying an additional 9 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of 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 worth $130,000 after buying an additional 212 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Northrop Grumman Corporation by 2.8% in the first quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock worth $130,000 after buying an additional 15 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Northrop Grumman Corporation by 19.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 590 shares of the aerospace company’s stock worth $151,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 81.80% of the company’s stock.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at 271.40 on Tuesday. Northrop Grumman Corporation has a 12 month low of $206.69 and a 12 month high of $274.61. The firm has a 50-day moving average of $263.85 and a 200 day moving average of $249.96. The company has a market cap of $47.25 billion, a price-to-earnings ratio of 20.73 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the firm posted $2.85 EPS. Northrop Grumman Corporation’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “HL Financial Services LLC Has $388,000 Position in Northrop Grumman Corporation (NYSE:NOC)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.watchlistnews.com/hl-financial-services-llc-has-388000-position-in-northrop-grumman-corporation-nysenoc/1489107.html.

NOC has been the subject of a number of analyst reports. Vertical Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $254.00 to $270.00 in a report on Wednesday, May 10th. Deutsche Bank AG reiterated a “buy” rating and set a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Argus lifted their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 4th. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley initiated coverage on shares of Northrop Grumman Corporation in a report on Tuesday, August 8th. They set an “equal weight” rating and a $279.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $259.93.

In related 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 sale, the vice president now directly owns 961 shares of the company’s stock, valued at approximately $252,983.25. The sale was disclosed in a legal 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 shares were sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the sale, the vice president now directly owns 69,458 shares in the company, valued at $18,059,080. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Northrop Grumman Corporation Company Profile

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.

Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOC).

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

Receive News & Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.