Cambridge Trust Co. lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,358 shares of the aerospace company’s stock after selling 9 shares during the period. Cambridge Trust Co.’s holdings in Northrop Grumman Corporation were worth $349,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NOC. BlackRock Inc. increased its stake in Northrop Grumman Corporation by 2,871.7% in the first quarter. BlackRock Inc. now owns 12,775,397 shares of the aerospace company’s stock worth $3,038,501,000 after buying an additional 12,345,491 shares during the period. Alliancebernstein L.P. increased its stake in Northrop Grumman Corporation by 64.6% in the first quarter. Alliancebernstein L.P. now owns 3,149,678 shares of the aerospace company’s stock worth $749,119,000 after buying an additional 1,235,985 shares during the period. Winslow Capital Management LLC acquired a new stake in Northrop Grumman Corporation during the first quarter worth about $198,691,000. Renaissance Technologies LLC increased its stake in Northrop Grumman Corporation by 331.4% in the first quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock worth $235,271,000 after buying an additional 759,900 shares during the period. Finally, Vanguard Group Inc. increased its stake in Northrop Grumman Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 12,764,239 shares of the aerospace company’s stock worth $3,035,847,000 after buying an additional 531,824 shares during the period. 82.08% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Corporation (NYSE:NOC) opened at 269.28 on Friday. The stock’s 50 day moving average price is $263.45 and its 200 day moving average price is $249.38. The stock has a market capitalization of $46.88 billion, a PE ratio of 20.57 and a beta of 0.66. Northrop Grumman Corporation has a 1-year low of $206.69 and a 1-year high of $274.61.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings results 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. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. Northrop Grumman Corporation’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.85 EPS. Equities research analysts forecast that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

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NOC has been the subject of a number of research analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $243.00 target price on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Vertical Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and increased their target price for the stock from $254.00 to $270.00 in a research report on Wednesday, May 10th. Stifel Nicolaus reissued a “hold” rating and set a $255.00 target price (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Finally, Cowen and Company reissued a “hold” rating and set a $275.00 target price on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $259.93.

In related news, VP Sid Ashworth sold 3,847 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total value of $1,000,220.00. Following the sale, the vice president now owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total value of $96,612.75. Following the completion of the sale, the vice president now directly owns 961 shares in the company, valued at approximately $252,983.25. The disclosure for this sale can be found here. 0.70% of the stock is owned by 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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