Morgan Stanley Boosts Stake in Northrop Grumman Corporation (NOC)

Morgan Stanley raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 6.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 864,206 shares of the aerospace company’s stock after buying an additional 52,615 shares during the period. Morgan Stanley owned approximately 0.50% of Northrop Grumman Corporation worth $205,542,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of Northrop Grumman Corporation by 394.1% in the first quarter. Lazard Asset Management LLC now owns 93,181 shares of the aerospace company’s stock valued at $22,161,000 after buying an additional 74,324 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Northrop Grumman Corporation by 0.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 41,569 shares of the aerospace company’s stock valued at $9,898,000 after buying an additional 300 shares in the last quarter. Parallel Advisors LLC increased its stake in Northrop Grumman Corporation by 5.9% in the first quarter. Parallel Advisors LLC now owns 2,997 shares of the aerospace company’s stock valued at $736,000 after buying an additional 166 shares in the last quarter. RiverPoint Capital Management LLC increased its stake in Northrop Grumman Corporation by 1.2% in the first quarter. RiverPoint Capital Management LLC now owns 2,610 shares of the aerospace company’s stock valued at $621,000 after buying an additional 30 shares in the last quarter. Finally, Winslow Capital Management LLC bought a new stake in Northrop Grumman Corporation during the first quarter worth $198,691,000. 82.08% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Corporation (NYSE:NOC) traded up 0.09% on Tuesday, hitting $269.82. The company’s stock had a trading volume of 616,268 shares. The company has a 50 day moving average price of $261.88 and a 200-day moving average price of $247.97. The company has a market capitalization of $46.97 billion, a P/E ratio of 20.61 and a beta of 0.66. Northrop Grumman Corporation has a 1-year low of $206.69 and a 1-year high of $270.20.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.31. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same period last year, the business posted $2.85 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Northrop Grumman Corporation will post $12.55 earnings per share for the current fiscal year.

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A number of analysts have weighed in on the company. Morgan Stanley started coverage on Northrop Grumman Corporation in a research report on Tuesday. They set an “equal weight” rating and a $279.00 price objective for the company. Argus increased their target price on Northrop Grumman Corporation from $270.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $255.00 price objective (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 issued a $243.00 price objective on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Finally, Vertical Research raised 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 report on Wednesday, May 10th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $259.93.

In related news, VP Lisa R. Davis sold 367 shares of Northrop Grumman Corporation stock in a transaction dated 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 sale, the vice president now owns 961 shares of the company’s stock, valued at approximately $252,983.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas E. Vice sold 29,740 shares of Northrop Grumman Corporation stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $250.00, for a total transaction of $7,435,000.00. Following the sale, the vice president now directly owns 72,453 shares of the company’s stock, valued at approximately $18,113,250. The disclosure for this sale can be found here. Insiders sold a total of 33,954 shares of company stock worth $8,531,833 over the last quarter. Company insiders own 0.70% of the company’s stock.

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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