Northrop Grumman Corporation (NOC) : Wright Investors Service Inc scooped up 2,825 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 1, 2016. The investment management firm now holds a total of 7,545 shares of Northrop Grumman Corporation which is valued at $1,649,790.Northrop Grumman Corporation makes up approximately 0.66% of Wright Investors Service Inc’s portfolio.
Other Hedge Funds, Including , Ngam Advisors reduced its stake in NOC by selling 659 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 72,244 shares of NOC which is valued at $15,796,873. Northrop Grumman Corporation makes up approx 0.21% of Ngam Advisors’s portfolio.Cypress Asset Management Inctx reduced its stake in NOC by selling 10 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 2,015 shares of NOC which is valued at $448,438. Northrop Grumman Corporation makes up approx 0.09% of Cypress Asset Management Inctx’s portfolio.Eagle Asset Management Inc reduced its stake in NOC by selling 547 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 28,990 shares of NOC which is valued at $6,451,725. Northrop Grumman Corporation makes up approx 0.04% of Eagle Asset Management Inc’s portfolio.Burns J W Co Incny reduced its stake in NOC by selling 48 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 978 shares of NOC which is valued at $215,952. Northrop Grumman Corporation makes up approx 0.06% of Burns J W Co Incny’s portfolio.
Northrop Grumman Corporation closed down -0.32 points or -0.15% at $218.34 with 5,48,628 shares getting traded on Thursday. Post opening the session at $219.27, the shares hit an intraday low of $218.03 and an intraday high of $219.96 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. 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.