Lone Pine Capital buys $709,136,458 stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Lone Pine Capital scooped up 1,117,695 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 15, 2016. The investment management firm now holds a total of 3,249,789 shares of Northrop Grumman Corporation which is valued at $709,136,458.Northrop Grumman Corporation makes up approximately 3.17% of Lone Pine Capital’s portfolio.

Other Hedge Funds, Including , Absolute Return Capital reduced its stake in NOC by selling 54,017 shares or 40.51% in the most recent quarter. The Hedge Fund company now holds 79,323 shares of NOC which is valued at $17,309,072. Northrop Grumman Corporation makes up approx 0.99% of Absolute Return Capital’s portfolio.Pittenger Anderson Inc boosted its stake in NOC in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 400 shares of Northrop Grumman Corporation which is valued at $86,428. Northrop Grumman Corporation makes up approx 0.01% of Pittenger Anderson Inc’s portfolio.Lmr Partners Llp boosted its stake in NOC in the latest quarter, The investment management firm added 202 additional shares and now holds a total of 12,804 shares of Northrop Grumman Corporation which is valued at $2,773,731. Northrop Grumman Corporation makes up approx 0.42% of Lmr Partners Llp’s portfolio.Calamos Advisors reduced its stake in NOC by selling 31,360 shares or 10.21% in the most recent quarter. The Hedge Fund company now holds 275,718 shares of NOC which is valued at $60,054,138. Northrop Grumman Corporation makes up approx 0.55% of Calamos Advisors’s portfolio.Ls Investment Advisors reduced its stake in NOC by selling 176 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 9,243 shares of NOC which is valued at $2,029,763. Northrop Grumman Corporation makes up approx 0.14% of Ls Investment Advisors’s portfolio.

Northrop Grumman Corporation closed down -0.24 points or -0.11% at $211.83 with 6,45,680 shares getting traded on Thursday. Post opening the session at $212.2, the shares hit an intraday low of $210.2401 and an intraday high of $213.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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