Will Northrop Grumman Corporation (NOC) Run Out of Steam Soon?

July 17, 2017 - By Stephen Andrade

Investors sentiment increased to 1.07 in 2016 Q4. Its up 0.08, from 0.99 in 2016Q3. It improved, as 38 investors sold Northrop Grumman Corporation shares while 274 reduced holdings. 104 funds opened positions while 231 raised stakes. 139.83 million shares or 0.78% less from 140.94 million shares in 2016Q3 were reported.
Moors Cabot holds 0.2% in Northrop Grumman Corporation (NYSE:NOC) or 5,257 shares. Moreover, Gulf Bank (Uk) has 0.18% invested in Northrop Grumman Corporation (NYSE:NOC). Laurel Grove Capital Ltd Limited Liability Company reported 0.39% in Northrop Grumman Corporation (NYSE:NOC). Retail Bank Of Hawaii accumulated 3,667 shares. Riverhead Cap Management Limited Liability reported 43,270 shares or 0.62% of all its holdings. Cleararc Capital has invested 0.17% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Brick And Kyle holds 175 shares. Agf Invs holds 1.78% in Northrop Grumman Corporation (NYSE:NOC) or 664,620 shares. First Interstate Retail Bank reported 35 shares. Maverick stated it has 0.04% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). 11 were accumulated by Alexandria Cap Lc. Stratos Wealth Prns invested 0.05% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Columbia L L C Mgmt holds 24,515 shares. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.09% in Northrop Grumman Corporation (NYSE:NOC). National Comm Tx reported 49,885 shares.

Since February 1, 2017, it had 0 buys, and 21 insider sales for $35.89 million activity. Shares for $255,184 were sold by Peppard Denise M. on Thursday, February 23. 3,847 shares valued at $1.00M were sold by ASHWORTH SID on Wednesday, June 14. The insider Antkowiak Patrick M. sold 4,841 shares worth $1.17M. 3,158 shares valued at $764,520 were sold by FLACH GLORIA A on Tuesday, February 21. Shares for $57,019 were sold by Jones Christopher T on Monday, April 3. On Tuesday, February 28 Caylor Mark A sold $944,213 worth of Northrop Grumman Corporation (NYSE:NOC) or 3,815 shares. Bedingfield Kenneth L had sold 128 shares worth $29,276.

The stock of Northrop Grumman Corporation (NYSE:NOC) reached all time high today, Jul, 17 and still has $280.77 target or 6.00 % above today’s $264.88 share price. This indicates more upside for the $46.41 billion company. This technical setup was reported by Barchart.com. If the $280.77 PT is reached, the company will be worth $2.78 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.02% or $0.06 on July 17, reaching $264.88. About 441,798 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 18.39% since July 17, 2016 and is uptrending. It has outperformed by 1.69% the S&P500.

Wall Street await Northrop Grumman Corporation (NYSE:NOC) to release earnings on July, 26. Analysts forecast earnings per share of $2.85, up exactly $0.25 or 9.62 % from 2014’s $2.6 EPS. The expected NOC’s profit could reach $499.38 million giving the stock 23.23 P/E in the case that $2.85 earnings per share is reported. After posting $3.63 EPS for the previous quarter, Northrop Grumman Corporation’s analysts now forecast -21.49 % negative EPS growth.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Among 12 analysts covering Northrop Grumman (NYSE:NOC), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Northrop Grumman had 30 analyst reports since July 30, 2015 according to SRatingsIntel. Wolfe Research downgraded the shares of NOC in report on Thursday, October 29 to “Peer Perform” rating. JP Morgan upgraded it to “Neutral” rating and $198 target in Monday, October 12 report. As per Thursday, July 30, the company rating was maintained by RBC Capital Markets. Barclays Capital upgraded the shares of NOC in report on Thursday, November 10 to “Overweight” rating. As per Wednesday, March 1, the company rating was downgraded by Citigroup. The rating was maintained by Deutsche Bank with “Buy” on Monday, December 5. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 29. The rating was downgraded by RBC Capital Markets on Thursday, May 19 to “Sector Perform”. JP Morgan downgraded the shares of NOC in report on Thursday, August 25 to “Neutral” rating. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, December 16.

More news for Northrop Grumman Corporation (NYSE:NOC) were recently published by: Prnewswire.com, which released: “UTC Aerospace Systems And Northrop Grumman To Collaborate On Technologies Of …” on June 19, 2017. Globenewswire.com‘s article titled: “Invitation to Northrop Grumman’s Second Quarter 2017 Financial Results …” and published on July 11, 2017 is yet another important article.

Northrop Grumman Corporation is a global security company. The company has market cap of $46.41 billion. The Firm provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance ; strike, and logistics and modernization. It has a 20.7 P/E ratio. The Company’s divisions include Aerospace Systems, Mission Systems and Technology Services.

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