World Asset Management Inc lowered its position in Northrop Grumman Corporation (NYSE:NOC) by 12.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,333 shares of the aerospace company’s stock after selling 2,470 shares during the period. World Asset Management Inc’s holdings in Northrop Grumman Corporation were worth $4,450,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Shelton Capital Management boosted its position in Northrop Grumman Corporation by 70.5% in the first quarter. Shelton Capital Management now owns 17,200 shares of the aerospace company’s stock worth $4,091,000 after buying an additional 7,112 shares during the last quarter. Evermay Wealth Management LLC bought a new position in Northrop Grumman Corporation during the first quarter worth $286,000. Holderness Investments Co. boosted its position in Northrop Grumman Corporation by 38.6% in the first quarter. Holderness Investments Co. now owns 2,587 shares of the aerospace company’s stock worth $615,000 after buying an additional 720 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Northrop Grumman Corporation by 0.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,418 shares of the aerospace company’s stock worth $3,191,000 after buying an additional 84 shares during the last quarter. Finally, Concert Wealth Management Inc. boosted its position in 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 worth $252,000 after buying an additional 8 shares during the last quarter. 82.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Northrop Grumman Corporation (NOC) opened at 270.55 on Friday. The stock has a 50 day moving average of $263.10 and a 200-day moving average of $249.11. The firm has a market capitalization of $47.10 billion, a price-to-earnings ratio of 20.67 and a beta of 0.66. Northrop Grumman Corporation has a one year low of $206.69 and a one year high of $274.61.

Northrop Grumman Corporation (NYSE:NOC) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.31. The business had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. On average, equities analysts anticipate that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.

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NOC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 price objective for the company in a research report on Thursday, April 13th. Deutsche Bank AG reaffirmed a “buy” rating and set a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating and set a $275.00 price objective on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. BidaskClub cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Morgan Stanley initiated coverage on shares of Northrop Grumman Corporation in a research report on Tuesday. They set an “equal weight” rating and a $279.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $259.93.

In other Northrop Grumman Corporation news, 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 directly owns 69,458 shares in the company, valued at approximately $18,059,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the vice president now owns 961 shares in the company, valued at $252,983.25. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

About Northrop Grumman Corporation

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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