Dubuque Bank & Trust Co. reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 491 shares of the aerospace company’s stock after selling 10 shares during the period. Dubuque Bank & Trust Co.’s holdings in Northrop Grumman Corporation were worth $126,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new position in shares of Northrop Grumman Corporation during the first quarter valued at approximately $108,000. Horan Capital Management acquired a new position in shares of Northrop Grumman Corporation during the first quarter valued at about $115,000. Perigon Wealth Management LLC boosted its position 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 valued at $129,000 after buying an additional 34 shares during the period. Global X Management Co. LLC boosted its position in shares of Northrop Grumman Corporation by 63.3% in the first quarter. Global X Management Co. LLC now owns 547 shares of the aerospace company’s stock valued at $130,000 after buying an additional 212 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of Northrop Grumman Corporation by 12.4% in the first quarter. Quadrant Capital Group LLC now owns 590 shares of the aerospace company’s stock valued at $132,000 after buying an additional 65 shares during the period. 82.08% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Corporation (NYSE NOC) traded up 0.13% on Monday, hitting $269.58. 697,371 shares of the company were exchanged. Northrop Grumman Corporation has a 52 week low of $206.69 and a 52 week high of $269.73. The stock has a market capitalization of $46.93 billion, a P/E ratio of 20.59 and a beta of 0.66. The company has a 50 day moving average price of $261.05 and a 200-day moving average price of $247.53.

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

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NOC has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $270.00 price target for the company in a research report on Thursday, April 13th. Vertical Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $254.00 to $270.00 in a research report on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating and issued a $243.00 price target on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Cowen and Company restated a “hold” rating and issued a $275.00 price target on shares of Northrop Grumman Corporation in a research report on Monday, July 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $255.00 price objective (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $258.47.

In other news, VP Lisa R. Davis sold 367 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total transaction of $96,612.75. Following the sale, the vice president now owns 961 shares in the company, valued at $252,983.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas E. Vice sold 29,740 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $250.00, for a total value of $7,435,000.00. Following the sale, the vice president now owns 72,453 shares in the company, valued at approximately $18,113,250. The disclosure for this sale can be found here. Insiders have sold 33,954 shares of company stock worth $8,531,833 in the last 90 days. 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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