Northrop Grumman Corp (NOC) Stock Rose While Putnam Investments LLC Has Cut Its Holding by $187.77 Million

May 18, 2018 - By Shawn Hawthorne

Northrop Grumman Corporation (NYSE:NOC) LogoInvestors sentiment decreased to 0.98 in Q4 2017. Its down 0.08, from 1.06 in 2017Q3. It worsened, as 46 investors sold NOC shares while 287 reduced holdings. 105 funds opened positions while 222 raised stakes. 137.07 million shares or 0.41% less from 137.63 million shares in 2017Q3 were reported. Girard Ptnrs Ltd reported 2,057 shares or 0.12% of all its holdings. Alpha Windward Ltd Liability Corporation reported 1,178 shares stake. Waddell Reed Fincl has 0.3% invested in Northrop Grumman Corporation (NYSE:NOC). Natl Pension Ser has invested 0.23% in Northrop Grumman Corporation (NYSE:NOC). Hillsdale Mgmt owns 0% invested in Northrop Grumman Corporation (NYSE:NOC) for 15 shares. Conning Inc owns 6,058 shares for 0.06% of their portfolio. Price T Rowe Assoc Md holds 0.06% or 1.25M shares in its portfolio. Lord Abbett Ltd Liability Corporation holds 0.09% or 104,781 shares. Lmr Prtnrs Ltd Liability Partnership has invested 0.28% in Northrop Grumman Corporation (NYSE:NOC). Ifc Fl accumulated 3,153 shares or 0.07% of the stock. Palisades Hudson Asset Limited Partnership holds 0.12% or 728 shares. Advantus Capital Management invested in 0.14% or 17,807 shares. Kcm Investment Lc, a California-based fund reported 672 shares. Uss Invest Mngmt Ltd invested in 22,800 shares. Palladium Partners Limited Liability Company holds 0.13% in Northrop Grumman Corporation (NYSE:NOC) or 5,905 shares.

Since February 13, 2018, it had 0 insider purchases, and 9 insider sales for $6.82 million activity. Peppard Denise M. had sold 2,539 shares worth $850,870 on Tuesday, February 13. On Tuesday, February 20 the insider Hardesty Michael A sold $1.03M.

Putnam Investments Llc decreased its stake in Northrop Grumman Corp (NOC) by 17.58% based on its latest 2017Q4 regulatory filing with the SEC. Putnam Investments Llc sold 613,642 shares as the company’s stock rose 14.98% while stock markets declined. The institutional investor held 2.88 million shares of the industrial machinery and components company at the end of 2017Q4, valued at $882.91M, down from 3.49M at the end of the previous reported quarter. Putnam Investments Llc who had been investing in Northrop Grumman Corp for a number of months, seems to be less bullish one the $57.44 billion market cap company. The stock increased 1.50% or $4.878 during the last trading session, reaching $329.398. About 224,975 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 48.11% since May 18, 2017 and is uptrending. It has outperformed by 36.56% the S&P500.

Putnam Investments Llc, which manages about $89.35 billion and $44.83 billion US Long portfolio, upped its stake in Mccormick & Co (NYSE:MKC) by 986,727 shares to 1.97 million shares, valued at $200.81M in 2017Q4, according to the filing. It also increased its holding in Bloomin’ Brands Inc (NASDAQ:BLMN) by 316,546 shares in the quarter, for a total of 576,175 shares, and has risen its stake in Rockwell Automation Inc (NYSE:ROK).

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on July, 25. They expect $3.64 earnings per share, up 15.56 % or $0.49 from last year’s $3.15 per share. NOC’s profit will be $634.76M for 22.62 P/E if the $3.64 EPS becomes a reality. After $4.21 actual earnings per share reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts -13.54 % negative EPS growth.

More notable recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Fool.com which released: “Northrop’s Sales and Earnings Surge — So Why Did Its Shares Sink?” on April 30, 2018, also Globenewswire.com with their article: “Northrop Grumman Releases First Quarter 2018 Financial Results” published on April 25, 2018, Streetinsider.com published: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” on May 15, 2018. More interesting news about Northrop Grumman Corporation (NYSE:NOC) were released by: Bizjournals.com and their article: “Lockheed Martin, Northrop Grumman, more, land $41.7M in local defense work” published on May 04, 2018 as well as Seekingalpha.com‘s news article titled: “Aerospace And Defense Stocks: Which Are Best Wealth-Builders?” with publication date: May 16, 2018.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Among 13 analysts covering Northrop (NYSE:NOC), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Northrop had 16 analyst reports since December 12, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 14 by Jefferies. The rating was maintained by RBC Capital Markets on Friday, April 6 with “Buy”. The stock has “Hold” rating by Jefferies on Thursday, January 25. The firm earned “Hold” rating on Monday, January 8 by Stifel Nicolaus. The company was maintained on Tuesday, January 23 by RBC Capital Markets. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Equal-Weight” rating given on Thursday, April 12 by Morgan Stanley. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Hold” rating given on Thursday, April 26 by Bernstein. The company was upgraded on Tuesday, January 16 by Wells Fargo. The firm earned “Buy” rating on Tuesday, May 8 by Goldman Sachs. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, February 23 report.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart

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