Economy

Northrop Grumman (NYSE:NOC) Upgraded at ValuEngine

Northrop Grumman (NYSE:NOC) Upgraded at ValuEngine

The institutional investor held 3,459 shares of the industrial machinery and components company at the end of 2017Q3, valued at $995,000, down from 4,759 at the end of the previous reported quarter. During the same period in the prior year, the company earned $2.96 earnings per share. equities research analysts forecast that Northrop Grumman will post 15.25 EPS for the current fiscal year. The stock increased 1.67% or $0.39 during the last trading session, reaching $23.7. About 410,774 shares traded. Western Gas Partners, LP (NYSE:WES) has risen 10.32% since March 12, 2017 and is uptrending. It has outperformed by 9.47% the S&P500. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Northrop Grumman by 21.1% during the 4th quarter. Horizon Investments Llc bought 2,857 shares as the company's stock rose 2.59% with the market. Aureus Asset Management Llc who had been investing in Northrop Grumman Corp Com for a number of months, seems to be less bullish one the $60.07B market cap company. The stock decreased 1.41% or $4.92 during the last trading session, reaching $344.72. Following the sale, the vice president now directly owns 6,677 shares in the company, valued at approximately $2,358,316.40. Northrop Grumman Corporation (NYSE:NOC) has risen 18.39% since March 12, 2017 and is uptrending. It has outperformed by 1.69% the S&P500.

Since October 27, 2017, it had 0 insider purchases, and 9 sales for $8.38 million activity. Shares for $1.31M were sold by Peppard Denise M. on Monday, February 26. Pamiljans Janis G had sold 2,557 shares worth $856,902 on Tuesday, February 13. About 236,501 shares traded or 85.45% up from the average. Vertical Research upgraded the shares of NOC in report on Thursday, May 11 to "Buy" rating. Therefore 67% are positive. Carmax Inc had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Northrop Grumman Corporation (NYSE:NOC) has "Hold" rating given on Friday, September 29 by Jefferies. Bank of America maintained the shares of NOC in report on Friday, October 27 with "Buy" rating. The company has an average rating of "Buy" and a consensus price target of $355.08. As per Thursday, October 26, the company rating was maintained by RBC Capital Markets. The firm earned "Hold" rating on Wednesday, August 23 by Cowen & Co. The rating was maintained by Credit Suisse on Monday, February 22 with "Outperform".

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on April, 25. As per Thursday, May 11, the company rating was upgraded by Vertical Research. As per Monday, September 25, the company rating was downgraded by Goldman Sachs.

Investors sentiment decreased to 0.98 in Q3 2017. Its up 0.05, from 0.96 in 2017Q2. It is positive, as 42 investors sold NOC shares while 273 reduced holdings.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The aerospace company reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.07. Denver Advisors Ltd Liability Corp stated it has 0.01% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Arizona State Retirement Systems has invested 0.02% of its portfolio in Deluxe Corporation (NYSE:DLX). Riverhead Management Ltd Company holds 0.17% in Northrop Grumman Corporation (NYSE:NOC) or 12,808 shares. Synovus Finance has invested 0.01% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). (NASDAQ:FOX). Quantbot Lp has 0.05% invested in Twenty-First Century Fox, Inc. Griffin Asset Management Inc accumulated 5,656 shares. First Quadrant Ltd Partnership Ca, California-based fund reported 40,900 shares. Pennsylvania Tru holds 3,242 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 30,818 shares. Moreover, Ledyard Bankshares has 0.01% invested in Northrop Grumman Corporation (NYSE:NOC) for 194 shares.

Republican Senator Jeff Flake vows bill to undo tariffs
Flake, whom many speculate has his own presidential ambitions, did not indicate whether he meant to be that challenger. While many Republicans opposed Trump's tariff plan, what they can do about it in Congress is uncertain.

Mayo Investment Advisers Llc, which manages about $1.65B and $217.65 million US Long portfolio, decreased its stake in Citigroup Inc Com New (NYSE:C) by 17,790 shares to 159,835 shares, valued at $11.63 million in 2017Q3, according to the filing.

Livforsakringsbolaget Skandia Omsesidigt, which manages about $1.12B US Long portfolio, upped its stake in Cummins Inc (NYSE:CMI) by 25,510 shares to 31,584 shares, valued at $5.31 million in 2017Q3, according to the filing. It also reduced its holding in Ebay Inc (NASDAQ:EBAY) by 29,863 shares in the quarter, leaving it with 1.63M shares, and cut its stake in Williams (NYSE:WSM).

Among 4 analysts covering Altra Holdings (NASDAQ:AIMC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 61% are positive. (NASDAQ:BIDU) has "Buy" rating given on Tuesday, January 10 by Stifel Nicolaus. (NASDAQ:AIMC) earned "Buy" rating by BMO Capital Markets on Monday, October 16. Jefferies maintained the stock with "Hold" rating in Monday, August 28 report. Cowen & Co has "Market Perform" rating and $300 target. (NASDAQ:MTSI) on Wednesday, November 15 with "Overweight" rating. Accern also assigned news coverage about the aerospace company an impact score of 45.776299739193 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. RBC Capital Markets has "Buy" rating and $69.0 target. Jefferies upgraded the stock to "Buy" rating in Wednesday, February 14 report. Investors of record on Monday, March 5th will be paid a $1.10 dividend. Its up 0.12, from 0.94 in 2017Q2. It fall, as 38 investors sold HBAN shares while 175 reduced holdings. 78 funds opened positions while 148 raised stakes. Virginia Retirement System Et Al reported 172,300 shares. Ellington Management Lc accumulated 0.11% or 45,000 shares. Bridges Invest Counsel reported 700 shares or 0.11% of all its holdings. Sterling Cap Mngmt has 0.09% invested in Harris Corporation (NYSE:HRS). Huber Management Ltd has 146,843 shares for 2.32% of their portfolio. Aperio Grp Ltd Liability Corporation invested in 64,008 shares or 0.03% of the stock. First Midwest Bank Trust Division holds 5,071 shares or 0.18% of its portfolio. Ftb Advisors has 1,186 shares for 0% of their portfolio. Parkwood Limited Com holds 0.03% or 1,758 shares. The firm's revenue for the quarter was up 3.7% compared to the same quarter a year ago.

Since September 12, 2017, it had 0 insider purchases, and 3 sales for $12.22 million activity.


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