Cornerstone Capital Management Holdings LLC. Has $7.83 Million Stake in Northrop Grumman Corporation (NOC)

Cornerstone Capital Management Holdings LLC. decreased its stake in Northrop Grumman Corporation (NYSE:NOC) by 61.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,497 shares of the aerospace company’s stock after selling 48,611 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Northrop Grumman Corporation were worth $7,828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Northrop Grumman Corporation by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock worth $3,326,168,000 after purchasing an additional 192,667 shares during the period. BlackRock Inc. grew its holdings in Northrop Grumman Corporation by 0.9% during the second quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock worth $3,307,687,000 after purchasing an additional 109,532 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Northrop Grumman Corporation by 5.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock worth $1,098,335,000 after purchasing an additional 239,260 shares during the period. Alliancebernstein L.P. grew its holdings in Northrop Grumman Corporation by 4.8% during the second quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock worth $847,357,000 after purchasing an additional 151,154 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Northrop Grumman Corporation by 41,518.7% during the second quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after purchasing an additional 2,912,953 shares during the period. Institutional investors own 81.37% of the company’s stock.

A number of equities analysts recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and set a $269.00 price target on shares of Northrop Grumman Corporation in a report on Friday, September 29th. Deutsche Bank AG reiterated a “buy” rating and set a $325.00 price target (up previously from $285.00) on shares of Northrop Grumman Corporation in a report on Monday, October 2nd. Zacks Investment Research cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and set a $255.00 price target on shares of Northrop Grumman Corporation in a report on Thursday, September 21st. Finally, Vertical Research reiterated a “buy” rating and set a $296.00 price target (up previously from $280.00) on shares of Northrop Grumman Corporation in a report on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $276.72.

Shares of Northrop Grumman Corporation (NOC) opened at 293.515 on Tuesday. The firm has a market capitalization of $51.10 billion, a P/E ratio of 22.421 and a beta of 0.68. The firm’s 50-day moving average is $276.54 and its 200 day moving average is $260.10. Northrop Grumman Corporation has a 12 month low of $214.59 and a 12 month high of $294.98.

Northrop Grumman Corporation (NYSE:NOC) last released its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the firm earned $2.85 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio is currently 30.56%.

TRADEMARK VIOLATION WARNING: “Cornerstone Capital Management Holdings LLC. Has $7.83 Million Stake in Northrop Grumman Corporation (NOC)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/cornerstone-capital-management-holdings-llc-has-7-83-million-stake-in-northrop-grumman-corporation-noc.html.

In other news, VP Lisa R. Davis sold 367 shares of the stock in a

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Northrop Grumman Corporation by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock worth $3,326,168,000 after purchasing an additional 192,667 shares during the period. BlackRock Inc. grew its holdings in Northrop Grumman Corporation by 0.9% during the second quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock worth $3,307,687,000 after purchasing an additional 109,532 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Northrop Grumman Corporation by 5.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock worth $1,098,335,000 after purchasing an additional 239,260 shares during the period. Alliancebernstein L.P. grew its holdings in Northrop Grumman Corporation by 4.8% during the second quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock worth $847,357,000 after purchasing an additional 151,154 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Northrop Grumman Corporation by 41,518.7% during the second quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after purchasing an additional 2,912,953 shares during the period. Institutional investors own 81.37% of the company’s stock.

A number of equities analysts recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and set a $269.00 price target on shares of Northrop Grumman Corporation in a report on Friday, September 29th. Deutsche Bank AG reiterated a “buy” rating and set a $325.00 price target (up previously from $285.00) on shares of Northrop Grumman Corporation in a report on Monday, October 2nd. Zacks Investment Research cut Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and set a $255.00 price target on shares of Northrop Grumman Corporation in a report on Thursday, September 21st. Finally, Vertical Research reiterated a “buy” rating and set a $296.00 price target (up previously from $280.00) on shares of Northrop Grumman Corporation in a report on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $276.72.

Shares of Northrop Grumman Corporation (NOC) opened at 293.515 on Tuesday. The firm has a market capitalization of $51.10 billion, a P/E ratio of 22.421 and a beta of 0.68. The firm’s 50-day moving average is $276.54 and its 200 day moving average is $260.10. Northrop Grumman Corporation has a 12 month low of $214.59 and a 12 month high of $294.98.

Northrop Grumman Corporation (NYSE:NOC) last released its earnings results on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the firm earned $2.85 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Northrop Grumman Corporation will post $12.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio is currently 30.56%.

TRADEMARK VIOLATION WARNING: “Cornerstone Capital Management Holdings LLC. Has $7.83 Million Stake in Northrop Grumman Corporation (NOC)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/cornerstone-capital-management-holdings-llc-has-7-83-million-stake-in-northrop-grumman-corporation-noc.html.

In other news, VP Lisa R. Davis sold 367 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total transaction of $96,612.75. Following the completion of the transaction, the vice president now directly owns 961 shares of the company’s stock, valued at approximately $252,983.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Northrop Grumman Corporation Company Profile

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

Institutional Ownership by Quarter for Northrop Grumman Corporation (NYSE:NOC)

Receive News & Ratings for Northrop Grumman Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply