Northrop Grumman Corporation (NOC) : Central Bank Trust Co scooped up 22 additional shares in Northrop Grumman Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 843 shares of Northrop Grumman Corporation which is valued at $181,607.Northrop Grumman Corporation makes up approximately 0.05% of Central Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in NOC by selling 1,113 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 45,597 shares of NOC which is valued at $9,822,962. Northrop Grumman Corporation makes up approx 0.21% of Exxonmobil Investment Management Inc Tx’s portfolio. Lenox Wealth Advisors sold out all of its stake in NOC during the most recent quarter. The investment firm sold 27 shares of NOC which is valued $5,737.Chevy Chase Trust Holdings reduced its stake in NOC by selling 5,286 shares or 3.35% in the most recent quarter. The Hedge Fund company now holds 152,300 shares of NOC which is valued at $32,360,704. Northrop Grumman Corporation makes up approx 0.18% of Chevy Chase Trust Holdings’s portfolio.Independent Portfolio Consultants reduced its stake in NOC by selling 70 shares or 13.59% in the most recent quarter. The Hedge Fund company now holds 445 shares of NOC which is valued at $94,554. Northrop Grumman Corporation makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.
Northrop Grumman Corporation opened for trading at $213.64 and hit $215.89 on the upside on Friday, eventually ending the session at $215.43, with a gain of 0.57% or 1.22 points. The heightened volatility saw the trading volume jump to 10,58,947 shares. Company has a market cap of $38,470 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. 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.