Cadinha Co buys $15,072,483 stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Cadinha Co scooped up 775 additional shares in Northrop Grumman Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 69,143 shares of Northrop Grumman Corporation which is valued at $15,072,483.Northrop Grumman Corporation makes up approximately 3.11% of Cadinha Co’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in NOC in the latest quarter, The investment management firm added 10,017 additional shares and now holds a total of 35,093 shares of Northrop Grumman Corporation which is valued at $7,649,923. Northrop Grumman Corporation makes up approx 0.22% of Oppenheimer Co Inc’s portfolio. Turner Investments added NOC to its portfolio by purchasing 1,290 company shares during the most recent quarter which is valued at $282,446. Northrop Grumman Corporation makes up approx 0.08% of Turner Investments’s portfolio.

Northrop Grumman Corporation opened for trading at $218.12 and hit $220.5175 on the upside on Monday, eventually ending the session at $219.81, with a gain of 0.73% or 1.6 points. The heightened volatility saw the trading volume jump to 6,87,884 shares. Company has a market cap of $39,252 M.

On the company’s financial health, Northrop Grumman Corporation reported $2.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.53. The company had revenue of $6000.00 million for the quarter, compared to analysts expectations of $5921.84 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS.

Many Wall Street Analysts have commented on Northrop Grumman Corporation. RBC Capital Mkts Downgraded Northrop Grumman Corporation on May 19, 2016 to ” Sector Perform”, Price Target of the shares are set at $222.

Northrop Grumman Corporation 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. The Company operates through four segments: Aerospace Systems Electronic Systems Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government the Department of Defense (DoD) and intelligence community. The Company also conducts business with local state and foreign Governments and domestic and international commercial customers.

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