Marvin Palmer Associates Inc buys $3.4 Million stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Marvin Palmer Associates Inc scooped up 650 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 11, 2016. The investment management firm now holds a total of 16,075 shares of Northrop Grumman Corporation which is valued at $3.4 Million.Northrop Grumman Corporation makes up approximately 3.99% of Marvin Palmer Associates Inc’s portfolio.

Other Hedge Funds, Including , Egerton Capital (uk) Llp added NOC to its portfolio by purchasing 612,702 company shares during the most recent quarter which is valued at $131.1 Million. Northrop Grumman Corporation makes up approx 1.25% of Egerton Capital (uk) Llp’s portfolio.Wfg Advisors Lp reduced its stake in NOC by selling 49 shares or 6.81% in the most recent quarter. The Hedge Fund company now holds 671 shares of NOC which is valued at $143,581. Northrop Grumman Corporation makes up approx 0.04% of Wfg Advisors Lp’s portfolio.Bronfman E.l. Rothschild reduced its stake in NOC by selling 66 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 3,765 shares of NOC which is valued at $806,087. Northrop Grumman Corporation makes up approx 0.14% of Bronfman E.l. Rothschild’s portfolio.

Northrop Grumman Corporation opened for trading at $213.98 and hit $216.33 on the upside on Monday, eventually ending the session at $215.73, with a gain of 0.82% or 1.75 points. The heightened volatility saw the trading volume jump to 6,71,090 shares. Company has a market cap of $38,929 M.

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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