Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 32.3% during the second quarter, Holdings Channel reports. The fund owned 1,698 shares of the aerospace company’s stock after selling 810 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Northrop Grumman Corporation were worth $436,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Northrop Grumman Corporation by 2,871.7% in the first quarter. BlackRock Inc. now owns 12,775,397 shares of the aerospace company’s stock valued at $3,038,501,000 after buying an additional 12,345,491 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Northrop Grumman Corporation by 64.6% in the first quarter. Alliancebernstein L.P. now owns 3,149,678 shares of the aerospace company’s stock valued at $749,119,000 after buying an additional 1,235,985 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in Northrop Grumman Corporation during the first quarter valued at approximately $198,691,000. Renaissance Technologies LLC boosted its stake in Northrop Grumman Corporation by 331.4% in the first quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock valued at $235,271,000 after buying an additional 759,900 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Northrop Grumman Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 12,764,239 shares of the aerospace company’s stock valued at $3,035,847,000 after buying an additional 531,824 shares during the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.

Northrop Grumman Corporation (NYSE NOC) opened at 273.10 on Thursday. Northrop Grumman Corporation has a 12-month low of $206.69 and a 12-month high of $273.80. The firm has a market capitalization of $47.55 billion, a price-to-earnings ratio of 20.86 and a beta of 0.66. The company’s 50 day moving average price is $262.80 and its 200-day moving average price is $248.96.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, topping 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 business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the previous year, the business earned $2.85 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. 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 topic of several research reports. Jefferies Group LLC restated a “hold” rating and issued a $243.00 target price on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 price objective on the stock in a research note on Thursday, April 13th. Vertical Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $254.00 to $270.00 in a research note on Wednesday, May 10th. Stifel Nicolaus reiterated a “hold” rating and set a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $259.93.

In related news, VP Sid Ashworth sold 3,847 shares of the business’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 directly owns 69,458 shares in the company, valued at $18,059,080. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the transaction, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Northrop Grumman Corporation Company Profile

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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