Warren Averett Asset Management LLC purchased a new position in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 814 shares of the aerospace company’s stock, valued at approximately $209,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased 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 worth $3,038,501,000 after buying an additional 12,345,491 shares during the period. Vanguard Group Inc. increased 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 worth $3,035,847,000 after buying an additional 531,824 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Northrop Grumman Corporation by 5.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock worth $1,098,335,000 after buying an additional 239,260 shares during the period. Alliancebernstein L.P. increased 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 worth $749,119,000 after buying an additional 1,235,985 shares during the period. Finally, Wellington Management Group LLP increased its stake in Northrop Grumman Corporation by 4.8% in the first quarter. Wellington Management Group LLP now owns 2,878,724 shares of the aerospace company’s stock worth $684,676,000 after buying an additional 131,008 shares during the period. 82.08% of the stock is owned by institutional investors.

Northrop Grumman Corporation (NYSE:NOC) opened at 273.10 on Thursday. Northrop Grumman Corporation has a 52-week low of $206.69 and a 52-week high of $273.80. The company has a market cap of $47.55 billion, a P/E 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 announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the prior year, the company earned $2.85 EPS. Northrop Grumman Corporation’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

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NOC has been the topic of a number of analyst reports. Stifel Nicolaus reissued a “hold” rating and set a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $285.00 price objective (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and set a $243.00 price objective on shares of Northrop Grumman Corporation in a report on Wednesday, June 21st. Zacks Investment Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 price objective on the stock in a report on Thursday, April 13th. Finally, Cowen and Company reissued a “hold” rating and set a $275.00 price objective on shares of Northrop Grumman Corporation in a report on Monday, July 17th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Northrop Grumman Corporation presently has an average rating of “Buy” and an average target price of $259.93.

In other news, VP Lisa R. Davis sold 367 shares of the stock in a transaction on Tuesday, August 1st. The stock was 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 directly owns 961 shares in the company, valued at approximately $252,983.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sid Ashworth sold 3,847 shares of the stock in a transaction 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 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 currently owned by corporate 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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