Northrop Grumman Corp (NYSE:NOC) Shareholder Arrowstreet Capital Limited Partnership Lowered Its Position as Price Rose by $75.07 Million

May 17, 2018 - By Carolyn Hewitt

Northrop Grumman Corporation (NYSE:NOC) Corporate LogoBig Money Sentiment decreased to 0.98 in Q4 2017. It has change of 0.08, from 2017Q3’s 1.06. The ratio dived due to NOC positioning: 46 sold and 287 reduced. 105 funds acquired holdings and 222 increased holdings. Investors holded 137.63 million in 2017Q3 but now own 137.07 million shares or 0.41% less. Shamrock Asset Limited Liability reported 24 shs. Murphy Mgmt accumulated 3,467 shs or 0.15% of the stock. Coastline Trust Comm invested 0.05% in Northrop Grumman Corporation (NYSE:NOC). 10,000 were reported by Nj State Employees Deferred Compensation Plan. Park Corporation Oh holds 0.04% or 2,402 shs in its capital. Lazard Asset Ltd Liability Com holds 0.14% or 246,911 shs. Quantres Asset Mngmt Ltd has invested 0.23% in Northrop Grumman Corporation (NYSE:NOC). Tiaa Cref Investment Mngmt Llc holds 1.10M shs. Susquehanna Ltd Liability Partnership reported 55,213 shs. Walleye Trading Limited Liability Company stated it has 0% in Northrop Grumman Corporation (NYSE:NOC). Sei Investments has invested 0.16% of its capital in Northrop Grumman Corporation (NYSE:NOC). City reported 44 shs. 3,132 are held by Charter Trust. Norinchukin Retail Bank The accumulated 0.07% or 13,917 shs. Kcm Advisors Lc accumulated 0.01% or 672 shs.

NOC registered $6.82 million net activity with 0 insider buys and 9 insider sales since February 13, 2018. Pamiljans Janis G also sold $1.13M worth of Northrop Grumman Corporation (NYSE:NOC) on Tuesday, February 20. On Tuesday, February 20 the insider Hardesty Michael A sold $1.03 million.

Based on the latest 2018Q1 regulatory filing with the SEC, Arrowstreet Capital Limited Partnership reduced its holdings in Northrop Grumman Corp (NYSE:NOC) by 27.51%. The company’s stock rose 14.98% while stock markets declined as Arrowstreet Capital Limited Partnership sold 215,111 shares. The institutional investor is holding 566,919 shares, compared to the 782,030 from the previous quarter. And the announced value of the industrial machinery and components company is $197.92M for the 2018Q1. Northrop Grumman Corp has $56.01B market cap. The stock increased 0.37% or $1.19 during the last trading session, touching $321.16.Northrop Grumman Corporation has volume of 982,509 shares. Since May 17, 2017 NOC has risen 48.11% and is uptrending. The stock outperformed the S&P500 by 36.56%.

About $55.30B and $43.60B US Long portfolio Arrowstreet Capital Limited Partnership manages. Its stake in Gildan Activewear Inc (NYSE:GIL) was upped by 2.52M shares to 3.10M shares valued at $89.38 million in 2018Q1, according to the filing. Arrowstreet Capital Limited Partnership has risen its stake in Banco Bradesco S A (NYSE:BBD) and also increased its holding in Fresenius Med Care Ag&Co Kga (NYSE:FMS) by 299,866 shares in the quarter, for a total of 331,766 shares.

Arrowstreet Capital Limited Partnership is a Massachusetts-based institutional investor with more than $55.30 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Arrowstreet Capital Limited Partnership is the 85th largest institutional investor in our database. Taken from Arrowstreet Capital Limited latest Adv, the fund reported to have 164 full and part-time employees. Among which 37 performing investment advisory and research functions. The institutional investor had more than 116 clients.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

In total 13 analysts cover Northrop (NYSE:NOC). “Buy” rating has 9, “Sell” are 0, while 4 are “Hold”. (NYSE:NOC) has 69% bullish analysts. 16 are the (NYSE:NOC)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Monday, March 12 the rating was maintained by Citigroup with “Buy”. On Tuesday, December 12 J.P. Morgan upgraded Northrop Grumman Corporation (NYSE:NOC) rating. J.P. Morgan has “Buy” rating and $355.0 target. On Wednesday, February 14 the stock of Northrop Grumman Corporation (NYSE:NOC) has “Buy” rating given by Jefferies. On Thursday, January 25 Jefferies maintained the shares of NOC in report with “Hold” rating. On Tuesday, January 23 RBC Capital Markets maintained the shares of NOC in report with “Buy” rating. On Thursday, April 26 the company was maintained by Bernstein. The company rating was maintained by RBC Capital Markets on Friday, April 6. On Tuesday, January 16 the rating was upgraded by Wells Fargo to “Outperform”. The company rating was maintained by Stifel Nicolaus on Monday, January 8. On Thursday, April 26 Credit Suisse maintained Northrop Grumman Corporation (NYSE:NOC) rating. Credit Suisse has “Neutral” rating and $342 target.

Northrop Grumman Corporation, a security company, provides systems, products, and solutions in autonomous systems, cyber, strike, logistics and modernization, and command, control, communications, computers, intelligence, surveillance, and reconnaissance to government and commercial clients worldwide.The firm is valued at $56.01 billion. It has three divisions: Aerospace Systems, Mission Systems, and Technology Services.Currently it has negative earnings. The Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems/subsystems.

Northrop Grumman Corporation (NYSE:NOC) Institutional Investors Chart

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