Aqr Capital Management buys $445,674,467 stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Aqr Capital Management scooped up 122,668 additional shares in Northrop Grumman Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,774,747 shares of Northrop Grumman Corporation which is valued at $445,674,467.Northrop Grumman Corporation makes up approximately 0.68% of Aqr Capital Management’s portfolio.

Other Hedge Funds, Including , Signature Estate Investment Advisors boosted its stake in NOC in the latest quarter, The investment management firm added 1,586 additional shares and now holds a total of 3,572 shares of Northrop Grumman Corporation which is valued at $804,522. Northrop Grumman Corporation makes up approx 0.12% of Signature Estate Investment Advisors’s portfolio.Bank Of Hawaii reduced its stake in NOC by selling 260 shares or 13.81% in the most recent quarter. The Hedge Fund company now holds 1,623 shares of NOC which is valued at $371,131. Northrop Grumman Corporation makes up approx 0.04% of Bank Of Hawaii’s portfolio.

Northrop Grumman Corporation opened for trading at $244.5 and hit $246.02 on the upside on Monday, eventually ending the session at $245.46, with a gain of 0.33% or 0.8 points. The heightened volatility saw the trading volume jump to 9,71,740 shares. Company has a market cap of $43,265 M.

On the company’s financial health, Northrop Grumman Corporation reported $2.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $2.81. The company had revenue of $6155.00 million for the quarter, compared to analysts expectations of $5995.89 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 EPS.

Investors should note that on Nov 16, 2016, Northrop Grumman Corporation announced a cash dividend of $0.9000. The company’s management has announced Dec 1, 2016 as the ex-dividend date and fixed the record date on Dec 5, 2016. The payable date has been fixed on Dec 21, 2016.

Many Wall Street Analysts have commented on Northrop Grumman Corporation. Company shares were Upgraded by Barclays on Nov 10, 2016 to ” Overweight”, Firm has raised the Price Target to $ 270 from a previous price target of $230 .Company shares were Downgraded by JP Morgan on Aug 25, 2016 to ” Neutral”, Firm has raised the Price Target to $ 231 from a previous price target of $225 .

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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