Northrop Grumman Corp (NYSE:NOC) Big Money Positioning Change, Sentiment at 0.88

June 27, 2018 - By Bridget Boland

Northrop Grumman Corporation (NYSE:NOC) Corporate Logo

Positions for Northrop Grumman Corp (NYSE:NOC)

In Q1 2018 Northrop Grumman Corp (NYSE:NOC) big money sentiment decreased to 0.88, according to SEC.gov filings. That’s down -0.10, from 2017Q4’s 0.98. 321 active investment managers increased or started new positions, while 363 cut down and sold equity positions in Northrop Grumman Corp so the sentiment turned negative. These funds own 137.81 million shares, that’s up from 137.07 million shares in 2017Q4. Funds holding Northrop Grumman Corp in top 10 increased from 13 to 19 for an increase of 6. In total 57 funds closed positions, 306 reduced and 232 increased. Also 89 funds bought new Northrop Grumman Corp stakes.

Most Northrop Grumman Corp Shareholders

As of Q1 2018 Canal Insurance Co has 4.92% invested in Northrop Grumman Corp. As of Q1 2018, 67,188 shares of Northrop Grumman Corp are owned by Cadinha & Co Llc. Oakmont Corp reported 100,767 shares. The Japan-based fund Mu Investments Co. Ltd. have invested about 4.48% of the investment professional’s stock portfolio in Northrop Grumman Corp. The Massachusetts-based fund Bain Capital Public Equity Management Llc holds 175,889 shares or 4.47% of their US long equity exposure.

Northrop Grumman Corporation, a security company, provides systems, products, and solutions in autonomous systems, cyber, strike, logistics and modernization, and command, control, communications, computers, intelligence, surveillance, and reconnaissance to government and commercial clients worldwide.The company has $54.19 billion market cap. It has three divisions: Aerospace Systems, Mission Systems, and Technology Services.The P/E ratio is 25.92. The Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems/subsystems.

NOC is touching $310.72 during the last trading session, after increased 0.45%.Currently Northrop Grumman Corporation is uptrending after 29.40% change in last June 27, 2017. NOC has 306,692 shares volume. NOC outperformed the S&P 500 by 16.83%.

Investors wait Northrop Grumman Corporation (NYSE:NOC)’s quarterly earnings on July, 25., according to Zacks. Last year’s earnings per share was $3.15, while now analysts expect change of 18.41 % up from current $3.73 earnings per share. If earnings per share of $3.73 is revealed the profit of NOC could hit $650.46M giving it 20.83 P/E. After $4.21 earnings per share was revealed previous quarter, analysts now see negative EPS growth of -11.40 % for Northrop Grumman Corporation.

State Of Tennessee Treasury Department holds 0.25% in Northrop Grumman Corporation (NYSE:NOC) or 142,120 shs. 275,453 were accumulated by Citigroup. Granite Inv Ptnrs Ltd reported 824 shs. Ancora Advisors Limited Liability holds 0.05% or 3,106 shs. Wellington Shields Cap Mngmt Ltd Liability Co reported 0.9% stake. Utah Retirement Systems has 30,115 shs for 0.22% of their capital. Peregrine Asset Advisers has 2,106 shs for 0.49% of their capital. Assetmark reported 1,365 shs. Arete Wealth Advsrs Ltd Limited Liability Company reported 900 shs or 0.1% of all its holdings. Jnba Financial stated it has 0% in Northrop Grumman Corporation (NYSE:NOC). Haverford has 5,712 shs. Congress Asset Ma has invested 0.83% in Northrop Grumman Corporation (NYSE:NOC). Texas-based National Commerce Tx has invested 0.89% in Northrop Grumman Corporation (NYSE:NOC). Moreover, Smithfield has 0.02% invested in Northrop Grumman Corporation (NYSE:NOC) for 364 shs. The Texas-based Qcm Cayman Ltd has invested 0.57% in Northrop Grumman Corporation (NYSE:NOC).

Northrop Grumman Corporation registered $6.82 million net activity with 0 insider purchases and 9 insider sales since February 13, 2018. On Tuesday, February 20 Shares for $1.03M were sold by Hardesty Michael A. Peppard Denise M. also sold $850,870 worth of Northrop Grumman Corporation (NYSE:NOC) shs.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Total analysts of 12 have positions in Northrop (NYSE:NOC) as follows: 8 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 67%. The firm has $41900 highest while $315.0 is the lowest PT. The average target $374.45 is 20.51% above the last ($310.72) price. Since January 8, 2018 according to StockzIntelligence Inc Northrop has 17 analyst reports. On Wednesday, February 14 the firm earned “Buy” rating by Jefferies. On Friday, February 23 the rating was maintained by Morgan Stanley with “Equal-Weight”. The stock rating was maintained by Robert W. Baird with “Buy” on Friday, June 22. The stock rating was maintained by Credit Suisse with “Hold” on Tuesday, May 22. On Monday, January 8 the rating was maintained by Stifel Nicolaus with “Hold”. In Tuesday, January 23 report RBC Capital Markets maintained it with “Buy” rating and $389.0 target. On Tuesday, January 16 Wells Fargo upgraded the shares of NOC in report to “Outperform” rating. On Thursday, April 26 Credit Suisse maintained Northrop Grumman Corporation (NYSE:NOC) rating. Credit Suisse has “Neutral” rating and $342 target. On Thursday, January 25 Jefferies maintained Northrop Grumman Corporation (NYSE:NOC) with “Hold” rating. The stock rating was maintained by Citigroup with “Buy” on Monday, March 12.

For more Northrop Grumman Corporation (NYSE:NOC) news announced briefly go to: Seekingalpha.com, Bizjournals.com, Fool.com, Seekingalpha.com or Bizjournals.com. The titles are as follows: “Northrop Grumman: Combined Business Well-Positioned To Grow” announced on June 13, 2018, “Lockheed, Northrop, Raptor grab $154M in local defense work” on June 26, 2018, “Better Buy: Raytheon Company (RTN) vs. Northrop Grumman (NOC)” with a publish date: June 25, 2018, “Wall Street Breakfast: Oil Back Above $70” and the last “Here’s what’s next for the Greater Washington Partnership” with publication date: June 27, 2018.

Northrop Grumman Corporation (NYSE:NOC) Institutional Investors Chart

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