Oakworth Capital Inc. continued to hold its position in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, Holdings Channel reports. The firm owned 632 shares of the aerospace company’s stock at the end of the second quarter. Oakworth Capital Inc.’s holdings in Northrop Grumman Corporation were worth $162,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in Northrop Grumman Corporation by 5.6% in the second quarter. Sei Investments Co. now owns 135,099 shares of the aerospace company’s stock valued at $34,681,000 after buying an additional 7,223 shares during the period. Crestwood Advisors Group LLC boosted its position in Northrop Grumman Corporation by 21.8% in the second quarter. Crestwood Advisors Group LLC now owns 1,039 shares of the aerospace company’s stock valued at $274,000 after buying an additional 186 shares during the period. Bank of Stockton boosted its position in Northrop Grumman Corporation by 0.9% in the second quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock valued at $332,000 after buying an additional 12 shares during the period. Lyell Wealth Management LP boosted its position in Northrop Grumman Corporation by 4.9% in the second quarter. Lyell Wealth Management LP now owns 12,379 shares of the aerospace company’s stock valued at $3,178,000 after buying an additional 581 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Northrop Grumman Corporation by 2.7% in the second quarter. CIBC Asset Management Inc now owns 17,112 shares of the aerospace company’s stock valued at $4,393,000 after buying an additional 444 shares during the period. 82.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of Northrop Grumman Corporation (NYSE:NOC) opened at 269.28 on Friday. The stock has a market capitalization of $46.88 billion, a price-to-earnings 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. The stock has a 50 day moving average price of $263.45 and a 200 day moving average price of $249.38.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 earnings per share. Equities research analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current year.

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Several research firms recently issued reports on NOC. Morgan Stanley began coverage on Northrop Grumman Corporation in a research report on Tuesday. They issued an “equal weight” rating and a $279.00 price objective on the stock. Argus upped their price objective 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. BidaskClub cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. 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 research report on Thursday, July 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Eight 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 currently has a consensus rating of “Buy” and a consensus price target of $259.93.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the company’s stock in a transaction dated 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 in the company, valued at $252,983.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Sid Ashworth sold 3,847 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was 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 owns 69,458 shares of the company’s stock, valued at approximately $18,059,080. The disclosure for this sale can be found here. Corporate 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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