Northrop Grumman Corp (NOC) Stake Has Upped by Brookside Capital Management Llc

Doris Richards
December 7, 2017

The institutional investor held 56,153 shares of the industrial machinery and components company at the end of 2017Q2, valued at $14.42M, up from 51,531 at the end of the previous reported quarter. Northrop Grumman Corp now has $52.24B valuation. The stock kicked off the session at $301.53 and later approached $297.75 with a change of -0.93%. Shares have moved $-0.43 over the past month and more recently, $-1.01 over the past week heading into the earnings announcement.

ILLEGAL ACTIVITY NOTICE: "Northrop Grumman (NYSE:NOC) Earning Somewhat Positive Press Coverage, Analysis Shows" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. Thanks to an increase of nearly 1.86% in the past one month, the stock price is now outperforming with 28.83% so far on the year - still in strong zone. Insiders sold a total of 64,047 shares of company stock valued at $15,830,055 in the last 90 days. Following the completion of the transaction, the chief operating officer now directly owns 77,200 shares in the company, valued at approximately $22,885,940. Davis R M Inc. boosted its stake in shares of Northrop Grumman by 287.5% in the first quarter. Jefferies Group reissued a "hold" rating and issued a $269.00 target price on shares of Northrop Grumman in a report on Friday, September 29th. ETRADE Capital Management LLC's holdings in Northrop Grumman were worth $2,318,000 at the end of the most recent reporting period. The stock of Northrop Grumman Corporation (NYSE:NOC) earned "Buy" rating by Argus Research on Friday, August 4. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock.

Media stories about Northrop Grumman (NYSE:NOC) have been trending somewhat positive recently, according to Accern Sentiment. The stock has "Outperform" rating by RBC Capital Markets on Wednesday, January 13. RBC Capital Markets maintained Northrop Grumman Corporation (NYSE:NOC) on Monday, August 28 with "Buy" rating. The stock has "Hold" rating by Cowen & Co on Thursday, October 19. On Wednesday, October 28 the stock rating was upgraded by Drexel Hamilton to "Buy". The company was maintained on Thursday, October 26 by Cowen & Co. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more.

BlackRock Inc. increased its stake in shares of Northrop Grumman by 0.9% during the 2nd quarter. Its up 0.06, from 0.88 in 2017Q1. It improved, as 44 investors sold NOC shares while 280 reduced holdings. 78 funds opened positions while 225 raised stakes. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.76. It also reduced Huntington Bancshares Inc (NASDAQ:HBAN) stake by 269,600 shares and now owns 518,346 shares. Kentucky Retirement reported 11,191 shares stake. Cadinha & Limited Liability has 69,001 shares.

The Leverage Ratio of Northrop Grumman Corporation (NYSE:NOC) is 0.246063. Finally, Stifel Nicolaus lifted their price objective on shares of Northrop Grumman from $255.00 to $300.00 and gave the stock a "hold" rating in a research report on Friday, October 27th. Aviva Public Ltd Company has 0.23% invested in Northrop Grumman Corporation (NYSE:NOC).

The shares outstanding for Northrop Grumman Corporation is levered at 173.68 *. 6,860 were accumulated by Beese Fulmer Mgmt Inc.


More important recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Globenewswire.com which released: "Northrop Grumman to Participate in Goldman Sachs Industrials Conference 2017" on November 07, 2017, also Seekingalpha.com published article titled: "After 3rd Quarter Earnings, Is Northrop Grumman A Buy?", Nasdaq.com published: "Northrop Grumman Corporation (NOC) Ex-Dividend Date Scheduled for December 01 ..." on November 30, 2017. Finemark Retail Bank owns 4,015 shares for 0.07% of their portfolio. Lvm Capital Mgmt Mi invested 0.24% in Northrop Grumman Corporation (NYSE:NOC). Aviva Pcl invested in 0.23% or 162,222 shares.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.3 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

The weekly performance of Northrop Grumman Corporation is -2.12%, presenting a monthly performance value of -0.55% with the quarterly performance value of 12.91%. Nikko Asset Americas invested in 45,300 shares or 0.09% of the stock. The shares were sold at an average price of $298.00, for a total value of $1,880,678.00. State Treasurer State Of Michigan owns 57,417 shares or 0.11% of their U.S. portfolio. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. The score helps determine if a company's stock is valuable or not. The target implies a -6.01% decrease from where the shares are now trading. Cogeco Communications Inc. (TSE:CCA) has 0.00% since December 6, 2016 and is. It has underperformed by 18.00% the S&P500.

Analysts await HNI Corporation (NYSE:HNI) to report earnings on February, 14. During the same quarter a year ago, the company posted $3.03 EPS. HNI's profit will be $19.11 million for 19.45 P/E if the $0.44 EPS becomes a reality. Livforsakringsbolaget Skandia Omsesidigt stated it has 3,200 shares or 0.08% of all its holdings.

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