Highstreet Asset Management Inc. raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 101.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,499 shares of the aerospace company’s stock after buying an additional 754 shares during the period. Highstreet Asset Management Inc.’s holdings in Northrop Grumman Corporation were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Northrop Grumman Corporation by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock valued at $3,326,168,000 after buying an additional 192,667 shares in the last quarter. BlackRock Inc. raised its holdings in Northrop Grumman Corporation by 0.9% during the second quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock valued at $3,307,687,000 after buying an additional 109,532 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Northrop Grumman Corporation by 5.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock valued at $1,098,335,000 after buying an additional 239,260 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Northrop Grumman Corporation by 4.8% during the second quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock valued at $847,357,000 after buying an additional 151,154 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Northrop Grumman Corporation by 41,518.7% during the second quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock valued at $749,585,000 after buying an additional 2,912,953 shares in the last quarter. Institutional investors own 81.50% of the company’s stock.

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NOC has been the topic of several recent research reports. Deutsche Bank AG restated a “buy” rating and set a $285.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Argus raised their target price on Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada set a $294.00 target price on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 target price on the stock in a report on Tuesday, September 5th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $290.54.

Shares of Northrop Grumman Corporation (NYSE:NOC) opened at 297.00 on Tuesday. The firm has a market capitalization of $51.71 billion, a P/E ratio of 22.69 and a beta of 0.68. The company’s 50-day moving average price is $287.50 and its 200-day moving average price is $266.38. Northrop Grumman Corporation has a 52-week low of $220.72 and a 52-week high of $306.61.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.35 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post $12.89 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Northrop Grumman Corporation (NYSE:NOC)

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