Ronald Blue & Co. LLC decreased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,760 shares of the aerospace company’s stock after selling 24 shares during the period. Ronald Blue & Co. LLC’s holdings in Northrop Grumman Corporation were worth $452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Johanson Financial Advisors Inc. acquired a new position in shares of Northrop Grumman Corporation during the first quarter valued at about $381,000. Deschutes Portfolio Strategy LLC raised its position in shares of Northrop Grumman Corporation by 5.0% in the first quarter. Deschutes Portfolio Strategy LLC now owns 2,092 shares of the aerospace company’s stock valued at $498,000 after buying an additional 100 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of Northrop Grumman Corporation during the first quarter valued at about $600,000. Barometer Capital Management Inc. raised its position in shares of Northrop Grumman Corporation by 100.0% in the first quarter. Barometer Capital Management Inc. now owns 109,000 shares of the aerospace company’s stock valued at $25,925,000 after buying an additional 54,500 shares during the period. Finally, Patten & Patten Inc. TN raised its position in shares of Northrop Grumman Corporation by 16.1% in the first quarter. Patten & Patten Inc. TN now owns 3,604 shares of the aerospace company’s stock valued at $857,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 82.08% of the company’s stock.

Shares of Northrop Grumman Corporation (NOC) opened at 270.55 on Friday. The company has a market cap of $47.10 billion, a P/E ratio of 20.67 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. The stock’s 50 day moving average is $263.10 and its 200 day moving average is $249.11.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data 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. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $2.85 EPS. On average, analysts predict that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

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Several research analysts have issued reports on the company. Morgan Stanley assumed coverage on Northrop Grumman Corporation in a research report on Tuesday. They set an “equal weight” rating and a $279.00 target price for the company. Argus boosted their target price on Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Cowen and Company restated a “hold” rating and set a $275.00 target price on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. BidaskClub lowered Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG restated 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. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Northrop Grumman Corporation presently has an average 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 firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 961 shares of the company’s stock, valued at approximately $252,983.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sid Ashworth sold 3,847 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

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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