Northrop Grumman Corporation (NOC) Shares Sold by B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund reduced its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 7.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,396 shares of the aerospace company’s stock after selling 682 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Northrop Grumman Corporation were worth $1,997,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ibex Wealth Advisors boosted its stake in shares of Northrop Grumman Corporation by 8.3% in the fourth quarter. Ibex Wealth Advisors now owns 5,146 shares of the aerospace company’s stock worth $1,194,000 after buying an additional 394 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Northrop Grumman Corporation by 6.8% in the fourth quarter. Perigon Wealth Management LLC now owns 531 shares of the aerospace company’s stock worth $129,000 after buying an additional 34 shares in the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Northrop Grumman Corporation during the fourth quarter worth approximately $560,000. Pegasus Partners Ltd. boosted its stake in shares of Northrop Grumman Corporation by 6.3% in the fourth quarter. Pegasus Partners Ltd. now owns 4,273 shares of the aerospace company’s stock worth $994,000 after buying an additional 255 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in shares of Northrop Grumman Corporation during the fourth quarter worth approximately $2,975,000. Hedge funds and other institutional investors own 82.08% of the company’s stock.

Northrop Grumman Corporation (NYSE NOC) traded down 0.09% during trading on Monday, reaching $269.01. 151,700 shares of the company were exchanged. The stock has a market capitalization of $46.83 billion, a price-to-earnings ratio of 20.55 and a beta of 0.66. Northrop Grumman Corporation has a one year low of $206.69 and a one year high of $269.73. The firm’s 50 day moving average price is $261.05 and its 200-day moving average price is $247.53.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. On average, equities research analysts predict that Northrop Grumman Corporation will post $12.56 earnings per share for the current year.

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A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a research note on Thursday, April 13th. Vertical Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and raised their target price for the stock from $254.00 to $270.00 in a research note on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating and set a $243.00 target price on shares of Northrop Grumman Corporation in a research note on Wednesday, June 21st. Cowen and Company restated a “hold” rating and set a $275.00 target price on shares of Northrop Grumman Corporation in a research note on Monday, July 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $255.00 target price (up previously from $245.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $258.47.

In other Northrop Grumman Corporation news, VP Thomas E. Vice sold 29,740 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $250.00, for a total transaction of $7,435,000.00. Following the sale, the vice president now directly owns 72,453 shares of the company’s stock, valued at $18,113,250. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Sid Ashworth sold 3,847 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the sale, the vice president now directly owns 69,458 shares in the company, valued at $18,059,080. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,954 shares of company stock worth $8,531,833. Insiders own 0.70% of the company’s stock.

Northrop Grumman Corporation Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

Institutional Ownership by Quarter for Northrop Grumman Corporation (NYSE:NOC)

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