Northrop Grumman Corporation (NOC) : Clinton Group Inc added new position in Northrop Grumman Corporation during the most recent quarter end. The investment management firm now holds 93,294 shares of Northrop Grumman Corporation which is valued at $20,357,684 , the company said in a statement filed on Aug 12, 2016 with the SEC.Northrop Grumman Corporation makes up approximately 0.85% of Clinton Group Inc’s portfolio.
Other Hedge Funds, Including , Geode Capital Management reduced its stake in NOC by selling 19,511 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 1,484,139 shares of NOC which is valued at $323,853,971. Northrop Grumman Corporation makes up approx 0.17% of Geode Capital Management’s portfolio.Oak Associates Ltd Oh reduced its stake in NOC by selling 150 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 11,459 shares of NOC which is valued at $2,497,947. Northrop Grumman Corporation makes up approx 0.28% of Oak Associates Ltd Oh’s portfolio.Blue Fin Capital reduced its stake in NOC by selling 190 shares or 10.7% in the most recent quarter. The Hedge Fund company now holds 1,585 shares of NOC which is valued at $343,359. Northrop Grumman Corporation makes up approx 0.28% of Blue Fin Capital’s portfolio.Independent Portfolio Consultants reduced its stake in NOC by selling 65 shares or 11.21% in the most recent quarter. The Hedge Fund company now holds 515 shares of NOC which is valued at $113,717. Northrop Grumman Corporation makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.
Northrop Grumman Corporation opened for trading at $211.65 and hit $213.69 on the upside on Monday, eventually ending the session at $213.1, with a gain of 0.55% or 1.17 points. The heightened volatility saw the trading volume jump to 5,89,078 shares. Company has a market cap of $38,054 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 .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.