Terra Nova Asset Management Lowers stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Terra Nova Asset Management reduced its stake in Northrop Grumman Corporation by 33.99% during the most recent quarter end. The investment management company now holds a total of 4,726 shares of Northrop Grumman Corporation which is valued at $1,017,130 after selling 2,434 shares in Northrop Grumman Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Northrop Grumman Corporation makes up approximately 2.26% of Terra Nova Asset Management’s portfolio.

Other Hedge Funds, Including , Fisher Asset Management boosted its stake in NOC in the latest quarter, The investment management firm added 224 additional shares and now holds a total of 1,870 shares of Northrop Grumman Corporation which is valued at $405,079. Lenox Wealth Advisors sold out all of its stake in NOC during the most recent quarter. The investment firm sold 27 shares of NOC which is valued $5,737.Washington Trust Bank boosted its stake in NOC in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 1,112 shares of Northrop Grumman Corporation which is valued at $236,278. Northrop Grumman Corporation makes up approx 0.06% of Washington Trust Bank’s portfolio.

Northrop Grumman Corporation closed down -1.4 points or -0.65% at $215.22 with 6,82,520 shares getting traded on Tuesday. Post opening the session at $216.22, the shares hit an intraday low of $214.69 and an intraday high of $216.46 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Company shares were Downgraded by JP Morgan on Aug 25, 2016 to ” Neutral”, Firm has raised the Price Target to $ 231 from a previous price target of $225 .

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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