State of New Jersey Common Pension Fund D maintained its position in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 65,000 shares of the aerospace company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Northrop Grumman Corporation were worth $16,686,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new position in Northrop Grumman Corporation during the first quarter valued at approximately $108,000. Horan Capital Management purchased a new position in Northrop Grumman Corporation during the first quarter valued at approximately $115,000. Dubuque Bank & Trust Co. increased its position 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 during the last quarter. Global X Management Co. LLC increased its position in Northrop Grumman Corporation by 63.3% in the first quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock valued at $130,000 after buying an additional 212 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its position in Northrop Grumman Corporation by 2.8% in the first quarter. Perigon Wealth Management LLC now owns 546 shares of the aerospace company’s stock valued at $130,000 after buying an additional 15 shares during the last quarter. 82.08% of the stock is currently owned by institutional investors.

Shares of Northrop Grumman Corporation (NYSE NOC) opened at 270.55 on Friday. The firm’s 50-day moving average price is $263.10 and its 200 day moving average price is $249.11. Northrop Grumman Corporation has a 1-year low of $206.69 and a 1-year high of $274.61. The company has a market capitalization of $47.10 billion, a PE ratio of 20.67 and a beta of 0.66.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.31. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.85 EPS. Equities analysts predict that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

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Several equities analysts have recently commented on the company. Argus upped 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. Morgan Stanley assumed coverage on Northrop Grumman Corporation in a research report on Tuesday. They issued an “equal weight” rating and a $279.00 target price on the stock. BidaskClub downgraded Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Vertical Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and upped their target price for the company from $254.00 to $270.00 in a research report on Wednesday, May 10th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $275.00 target price on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Northrop Grumman Corporation has an average rating of “Buy” and an average price target of $259.93.

In other news, 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 transaction of $96,612.75. Following the completion of the transaction, the vice president now directly owns 961 shares in the company, valued at approximately $252,983.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sid Ashworth sold 3,847 shares of the business’s 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 owns 69,458 shares of the company’s stock, valued at $18,059,080. The disclosure for this sale can be found here. 0.70% of the stock is owned by 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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