Envestnet Asset Management Inc. Increases Stake in Northrop Grumman Corporation $NOC

Envestnet Asset Management Inc. increased its stake in Northrop Grumman Corporation (NYSE:NOC) by 4.2% in the second quarter, bringing its total holdings to 221,000 shares valued at $112.6 million. Northrop Grumman reported strong quarterly results, exceeding analyst expectations with $10.88 billion in revenue and $7.68 adjusted EPS, and also declared a quarterly dividend of $2.47. Analysts currently maintain a "Moderate Buy" rating for the stock with an average price target of $658.29.