Barometer Capital Management buys $39,190,437 stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Barometer Capital Management scooped up 8,300 additional shares in Northrop Grumman Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 183,150 shares of Northrop Grumman Corporation which is valued at $39,190,437.Northrop Grumman Corporation makes up approximately 3.70% of Barometer Capital Management’s portfolio.

Other Hedge Funds, Including , Ftb Advisors boosted its stake in NOC in the latest quarter, The investment management firm added 118 additional shares and now holds a total of 314 shares of Northrop Grumman Corporation which is valued at $67,190. Northrop Grumman Corporation makes up approx 0.01% of Ftb Advisors’s portfolio.Bluecrest Capital Management Ltd boosted its stake in NOC in the latest quarter, The investment management firm added 30,956 additional shares and now holds a total of 34,100 shares of Northrop Grumman Corporation which is valued at $7,300,810. Northrop Grumman Corporation makes up approx 0.64% of Bluecrest Capital Management Ltd’s portfolio.Hudson Valley Investment Advisors Inc Adv reduced its stake in NOC by selling 125 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 5,320 shares of NOC which is valued at $1,097,303. Northrop Grumman Corporation makes up approx 0.35% of Hudson Valley Investment Advisors Inc Adv’s portfolio.James Investment Research Inc boosted its stake in NOC in the latest quarter, The investment management firm added 28,502 additional shares and now holds a total of 555,688 shares of Northrop Grumman Corporation which is valued at $114,616,207. Northrop Grumman Corporation makes up approx 2.83% of James Investment Research Inc’s portfolio.

Northrop Grumman Corporation closed down -4 points or -1.84% at $213.98 with 11,84,082 shares getting traded on Friday. Post opening the session at $217, the shares hit an intraday low of $213.48 and an intraday high of $217.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Northrop Grumman Corporation reported $2.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $2.49. The company had revenue of $5956.00 million for the quarter, compared to analysts expectations of $5930.48 million. During the same quarter in the previous year, the company posted $2.41 EPS.

Many Wall Street Analysts have commented on Northrop Grumman Corporation. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 200 from a previous price target of $189 .Northrop Grumman Corporation was Initiated by Guggenheim to “Buy” on Apr 5, 2016. Company shares were Reiterated by Barclays on Feb 16, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 189 from a previous price target of $187 .

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.

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