Northrop Grumman Corporation (NOC) : Agf Investments America added new position in Northrop Grumman Corporation during the most recent quarter end. The investment management firm now holds 15,500 shares of Northrop Grumman Corporation which is valued at $3,389,230 , the company said in a statement filed on Aug 1, 2016 with the SEC.Northrop Grumman Corporation makes up approximately 1.47% of Agf Investments America’s portfolio.
Other Hedge Funds, Including , Ibm Retirement Fund reduced its stake in NOC by selling 1,714 shares or 7.26% in the most recent quarter. The Hedge Fund company now holds 21,885 shares of NOC which is valued at $4,805,946. Northrop Grumman Corporation makes up approx 0.17% of Ibm Retirement Fund’s portfolio. Loeb Partners Corp added NOC to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $658,800. Northrop Grumman Corporation makes up approx 0.21% of Loeb Partners Corp’s portfolio. Osborne Partners Capital Management added NOC to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $222,550. Northrop Grumman Corporation makes up approx 0.03% of Osborne Partners Capital Management’s portfolio.
Northrop Grumman Corporation closed down -0.32 points or -0.15% at $218.34 with 5,48,628 shares getting traded on Thursday. Post opening the session at $219.27, the shares hit an intraday low of $218.03 and an intraday high of $219.96 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Northrop Grumman Corporation reported $2.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.53. The company had revenue of $6000.00 million for the quarter, compared to analysts expectations of $5921.84 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS.
Many Wall Street Analysts have commented on Northrop Grumman Corporation. RBC Capital Mkts Downgraded Northrop Grumman Corporation on May 19, 2016 to ” Sector Perform”, Price Target of the shares are set at $222.
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.