Terra Nova Asset Management buys $1,559,520 stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Terra Nova Asset Management scooped up 992 additional shares in Northrop Grumman Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 7,160 shares of Northrop Grumman Corporation which is valued at $1,559,520.Northrop Grumman Corporation makes up approximately 2.59% of Terra Nova Asset Management’s portfolio.

Other Hedge Funds, Including , Palladium Partners reduced its stake in NOC by selling 25 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 4,770 shares of NOC which is valued at $1,061,564. Northrop Grumman Corporation makes up approx 0.09% of Palladium Partners’s portfolio. Sonora Investment Management sold out all of its stake in NOC during the most recent quarter. The investment firm sold 5 shares of NOC which is valued $1,104.

Northrop Grumman Corporation closed down -0.6 points or -0.28% at $216.63 with 7,69,440 shares getting traded on Friday. Post opening the session at $217.23, the shares hit an intraday low of $216.61 and an intraday high of $217.95 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 $2.85 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.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 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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