The Boston Private Wealth LLC Has $436,000 Position in Northrop Grumman Corporation (NOC), Report finds

The Boston Private Wealth LLC Has $436,000 Position in Northrop Grumman Corporation (NOC), Report finds

A number of other hedge funds and other institutional investors also recently bought and sold shares of NOC. Capital World Investors raised its position in Northrop Grumman Corporation by 0.4% in the second quarter. Capital World Investors now owns 6,059,000 shares of the company’s stock worth $1,346,795,000 after buying an additional 24,000 shares during the period. JPMorgan Chase & Co. raised its position in Northrop Grumman Corporation by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 4,938,953 shares of the company’s stock worth $1,057,262,000 after buying an additional 533,364 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Northrop Grumman Corporation by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,832,167 shares of the company’s stock worth $1,033,842,000 after buying an additional 20,139 shares during the period. BlackRock Fund Advisors raised its position in Northrop Grumman Corporation by 4.7% in the third quarter. BlackRock Fund Advisors now owns 2,506,803 shares of the company’s stock worth $536,331,000 after buying an additional 112,394 shares during the period. Finally, Northern Trust Corp raised its position in Northrop Grumman Corporation by 1.1% in the third quarter. Northern Trust Corp now owns 2,079,165 shares of the company’s stock worth $444,836,000 after buying an additional 23,412 shares during the period. 82.46% of the stock is owned by institutional investors.

Boston Private Wealth LLC decreased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 4.0% during the third quarter, Holdings Channel reports. The firm owned 2,038 shares of the company’s stock after selling 86 shares during the period. Boston Private Wealth LLC’s holdings in Northrop Grumman Corporation were worth $436,000 at the end of the most recent quarter.

Northrop Grumman Corporation (NYSE:NOC) traded up 1.04% during trading on Thursday, hitting $234.84. The stock had a trading volume of 1,094,412 shares. Northrop Grumman Corporation has a 52-week low of $180.15 and a 52-week high of $253.80. The company’s 50 day moving average is $232.02 and its 200 day moving average is $226.27. The firm has a market cap of $41.00 billion, a PE ratio of 19.26 and a beta of 0.69.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Thursday, January 26th. The company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The company earned $6.40 billion during the quarter, compared to analyst estimates of $5.92 billion. Northrop Grumman Corporation had a return on equity of 35.74% and a net margin of 8.98%. Northrop Grumman Corporation’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.49 earnings per share. Equities research analysts forecast that Northrop Grumman Corporation will post $11.89 earnings per share for the current year.

NOC has been the subject of a number of research analyst reports. RBC Capital Markets initiated coverage on Northrop Grumman Corporation in a report on Wednesday, January 11th. They issued an “outperform” rating and a $268.00 target price for the company. Wells Fargo & Company reissued a “hold” rating on shares of Northrop Grumman Corporation in a report on Monday, November 14th. Vetr raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $242.13 target price for the company in a report on Thursday, January 12th. Wolfe Research raised Northrop Grumman Corporation from a “market perform” rating to an “outperform” rating in a report on Friday, January 27th. Finally, Vertical Research initiated coverage on Northrop Grumman Corporation in a report on Friday, October 28th. They issued a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Northrop Grumman Corporation currently has a consensus rating of “Buy” and a consensus price target of $248.32.

In other Northrop Grumman Corporation news, VP Christopher T. Jones sold 240 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $228.72, for a total transaction of $54,892.80. Following the completion of the sale, the vice president now owns 46,580 shares in the company, valued at $10,653,777.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kenneth L. Bedingfield sold 125 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $234.38, for a total value of $29,297.50. Following the sale, the chief financial officer now owns 18,126 shares of the company’s stock, valued at approximately $4,248,371.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,098 shares of company stock valued at $260,548. 0.90% of the stock is owned by company insiders.

About Northrop Grumman Corporation

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

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