Milestone Group Inc. cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 32.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,027 shares of the aerospace company’s stock after selling 483 shares during the quarter. Milestone Group Inc.’s holdings in Northrop Grumman Corporation were worth $295,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC purchased a new stake in Northrop Grumman Corporation in the first quarter valued at about $108,000. Hanseatic Management Services Inc. increased its holdings in shares of Northrop Grumman Corporation by 12.8% in the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 48 shares during the period. First Personal Financial Services increased its holdings in shares of Northrop Grumman Corporation by 39.0% in the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 121 shares during the period. Pittenger & Anderson Inc. increased its holdings in shares of Northrop Grumman Corporation by 28.6% in the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 100 shares during the period. Finally, People s United Financial Inc. increased its holdings in shares of Northrop Grumman Corporation by 9.2% in the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 40 shares during the period. Institutional investors own 81.93% of the company’s stock.

WARNING: “Northrop Grumman Corporation (NOC) Shares Sold by Milestone Group Inc.” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/11/13/northrop-grumman-corporation-noc-shares-sold-by-milestone-group-inc.html.

Northrop Grumman Corporation (NYSE:NOC) traded up $0.37 during trading on Monday, reaching $298.50. The company had a trading volume of 248,784 shares, compared to its average volume of 638,707. The firm has a market capitalization of $51,960.00, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.70. Northrop Grumman Corporation has a 12-month low of $220.72 and a 12-month high of $306.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, beating the consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the company earned $3.35 earnings per share. Northrop Grumman Corporation’s quarterly revenue was up 6.0% compared to the same quarter last year. sell-side analysts anticipate that Northrop Grumman Corporation will post 13.2 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on NOC shares. Deutsche Bank AG reissued a “buy” rating and issued a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, July 27th. Argus increased their price objective on Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada set a $294.00 price objective on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. BidaskClub raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research raised Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price objective on the stock in a report on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $292.01.

In other Northrop Grumman Corporation news, VP Denise M. Peppard sold 5,037 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total value of $1,489,289.79. Following the sale, the vice president now directly owns 58,186 shares of the company’s stock, valued at $17,203,854.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Denise M. Peppard sold 2,328 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $300.86, for a total value of $700,402.08. Following the completion of the sale, the vice president now directly owns 28,553 shares in the company, valued at $8,590,455.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,676 shares of company stock worth $4,070,370. 0.70% of the stock is owned by corporate insiders.

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)

Receive News & Stock Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related stocks with our FREE daily email newsletter.