Northrop Grumman Corporation (NOC) Trades at $352.52 Forming Double Top

April 16, 2018 - By Ronnie Lemelle

Northrop Grumman Corporation (NYSE:NOC) Corporate Logo

Big Money Sentiment decreased to 0.98 in Q4 2017. It has change of 0.08, from 2017Q3’s 1.06. The ratio worsened due to Northrop Grumman Corporation positioning: 46 sold and 287 reduced. 105 funds took stakes and 222 increased stakes. Investors holded 137.63 million in 2017Q3 but now own 137.07 million shares or 0.41% less.
Wendell David Associates owns 0.07% invested in Northrop Grumman Corporation (NYSE:NOC) for 1,282 shs. Checchi Advisers Limited Liability Corporation, California-based fund reported 3,629 shs. Gamco Invsts Et Al owns 3,200 shs for 0.01% of their capital. Evercore Wealth Mgmt Ltd Llc has invested 0.01% in Northrop Grumman Corporation (NYSE:NOC). Fukoku Mutual Life Insurance Com owns 1,200 shs. Davenport And Ltd Liability Corp holds 0.01% or 2,264 shs in its capital. Peregrine Asset Advisers reported 0.32% stake. Moreover, Of Toledo Na Oh has 0.06% invested in Northrop Grumman Corporation (NYSE:NOC). Moors Cabot stated it has 0.14% of its capital in Northrop Grumman Corporation (NYSE:NOC). Pinnacle Ltd has 0.01% invested in Northrop Grumman Corporation (NYSE:NOC). Blb&B Llc stated it has 0.03% of its capital in Northrop Grumman Corporation (NYSE:NOC). Louisiana-based Price Mngmt has invested 0.97% in Northrop Grumman Corporation (NYSE:NOC). Associated Banc reported 1,105 shs. Natl Bank Of The West holds 700 shs or 0.03% of its capital. M&R Cap Management reported 0.01% in Northrop Grumman Corporation (NYSE:NOC).

Northrop Grumman Corporation registered $8.70 million net activity with 0 buys and 10 sales since October 27, 2017. Pamiljans Janis G sold $323,602 worth of stock. On Monday, February 26 Hardesty Michael A also sold $457,747 worth of Northrop Grumman Corporation (NYSE:NOC). On Friday, October 27 $1.88 million worth of Northrop Grumman Corporation (NYSE:NOC) was sold by ASHWORTH SID.

Northrop Grumman Corporation (NOC) chart shows a double top technical pattern with $377.20 target. That’s 7.00 % above today’s $352.52 price per share. Northrop Grumman Corporation (NOC) has $61.47 billion market cap. On Apr, 16 it was posted by Finviz.com. At $377.20 stock target, the company valuation changes by $4.30 billion more.

NOC reached $352.52 on during the last trading session after $1.92 change.Currently Northrop Grumman Corporation is uptrending after 48.11% change in last April 16, 2017. NOC has 25,955 shares volume. The stock outperformed the S&P500 by 36.56%.

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on April, 25. They expect $3.56 EPS, down 1.93 % or $0.07 from last year’s $3.63 per share. NOC’s profit will be $620.81 million for 24.76 P/E if the $3.56 EPS becomes a reality. After $2.82 actual EPS reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts 26.24 % EPS growth.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

In total 13 analysts cover Northrop (NYSE:NOC). “Buy” rating has 10, “Sell” are 0, while 3 are “Hold”. 77% are bullish. With $41900 highest and $275.0 lowest [Target] Northrop has $363 average [Target] or 2.97% above the current ($352.52) price. 21 are the (NYSE:NOC)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. On Thursday, January 25 the company was maintained by Jefferies. On Friday, April 6 RBC Capital Markets maintained Northrop Grumman Corporation (NYSE:NOC) with “Buy” rating. On Monday, March 12 Citigroup maintained Northrop Grumman Corporation (NYSE:NOC) rating. Citigroup has “Buy” rating and $405 target. In Friday, October 27 report Bank of America maintained it with “Buy” rating and $350.0 target. On Thursday, April 12 the firm has “Equal-Weight” rating by Morgan Stanley given. The stock rating was maintained by RBC Capital Markets with “Buy” on Wednesday, November 15. On Friday, October 27 the rating was maintained by Stifel Nicolaus with “Hold”. On Tuesday, January 16 the stock of Northrop Grumman Corporation (NYSE:NOC) earned “Outperform” rating by Wells Fargo. On Tuesday, December 12 the firm earned “Buy” rating by J.P. Morgan. On Monday, November 13 the stock has “Equal-Weight” rating by Morgan Stanley.

Northrop Grumman Corporation (NYSE:NOC) Institutional Investors Chart

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