Sei Investments Co. boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135,099 shares of the aerospace company’s stock after buying an additional 7,223 shares during the period. Sei Investments Co.’s holdings in Northrop Grumman Corporation were worth $34,681,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NOC. Benjamin F. Edwards & Company Inc. boosted its stake in 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 in the last quarter. Concert Wealth Management Inc. boosted its stake 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 valued at $252,000 after buying an additional 8 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in 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 in the last quarter. Argent Trust Co boosted its stake in 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 in the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in 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 in the last quarter. 82.08% of the stock is currently owned by institutional investors.

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 one year low of $206.69 and a one year high of $274.61. The stock’s 50 day moving average is $263.45 and its 200 day moving average is $249.38.

Northrop Grumman Corporation (NYSE:NOC) last released its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the previous year, the business posted $2.85 EPS. The business’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 year.

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Several research firms have issued reports on NOC. Argus raised their price target on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $243.00 price target on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Vertical Research raised shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $254.00 to $270.00 in a research note on Wednesday, May 10th. Finally, Morgan Stanley began coverage on shares of Northrop Grumman Corporation in a research note on Tuesday. They set an “equal weight” rating and a $279.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $259.93.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction dated Tuesday, August 1st. The stock was 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 of the company’s stock, valued at approximately $252,983.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sid Ashworth sold 3,847 shares of the business’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 value of $1,000,220.00. Following the completion of the sale, 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. 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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