Shine Investment Advisory Services Inc. maintained its stake in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,132 shares of the aerospace company’s stock at the end of the second quarter. Shine Investment Advisory Services Inc.’s holdings in Northrop Grumman Corporation were worth $291,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of Northrop Grumman Corporation by 0.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the aerospace company’s stock valued at $199,000 after buying an additional 3 shares during the last quarter. Concert Wealth Management Inc. raised its stake in shares of Northrop Grumman Corporation by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock valued at $252,000 after buying an additional 8 shares during the last quarter. Dubuque Bank & Trust Co. raised its stake 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 valued at $119,000 after buying an additional 9 shares during the last quarter. Argent Trust Co raised its stake in shares of Northrop Grumman Corporation by 0.7% in the first quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock valued at $401,000 after buying an additional 11 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in shares of Northrop Grumman Corporation by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the aerospace company’s stock valued at $739,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 81.80% of the company’s stock.

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

Northrop Grumman Corporation (NYSE:NOC) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the prior year, the business earned $2.85 earnings per share. Northrop Grumman Corporation’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

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Several research analysts recently commented on NOC shares. Vertical Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and raised their price objective for the stock from $254.00 to $270.00 in a report on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $243.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Cowen and Company reaffirmed a “hold” rating and issued a $275.00 price objective on shares of Northrop Grumman Corporation in a report on Monday, July 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $255.00 price objective (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $259.93.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total transaction of $96,612.75. Following the completion of the transaction, the vice president now owns 961 shares in the company, valued at $252,983.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sid Ashworth sold 3,847 shares of the stock in a transaction on 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 transaction, the vice president now owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

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.

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

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