Northrop Grumman Corporation (NOC) : Reliance Trust Co Of Delaware scooped up 39 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 14, 2016. The investment management firm now holds a total of 9,039 shares of Northrop Grumman Corporation which is valued at $1,978,818.Northrop Grumman Corporation makes up approximately 0.18% of Reliance Trust Co Of Delaware’s portfolio.
Other Hedge Funds, Including , Legacy Private Trust sold out all of its stake in NOC during the most recent quarter. The investment firm sold 4,510 shares of NOC which is valued $970,642.Canal Capital Management boosted its stake in NOC in the latest quarter, The investment management firm added 567 additional shares and now holds a total of 6,863 shares of Northrop Grumman Corporation which is valued at $1,486,663. Northrop Grumman Corporation makes up approx 1.38% of Canal Capital Management’s portfolio.Etf Portfolio Partners reduced its stake in NOC by selling 590 shares or 29.57% in the most recent quarter. The Hedge Fund company now holds 1,405 shares of NOC which is valued at $304,351. Northrop Grumman Corporation makes up approx 0.24% of Etf Portfolio Partners’s portfolio.Carroll Financial Associates reduced its stake in NOC by selling 1 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 85 shares of NOC which is valued at $18,413.
Northrop Grumman Corporation opened for trading at $219.27 and hit $219.745 on the upside on Friday, eventually ending the session at $218.92, with a gain of 0.25% or 0.55 points. The heightened volatility saw the trading volume jump to 9,23,428 shares. Company has a market cap of $39,094 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.