Bradley Foster & Sargent INC Has Cut Its Northrop Grumman (NOC) Stake by $8.32 Million; Share Price Declined

Northrop Grumman Corporation (NYSE:NOC) LogoInvestors sentiment increased to 1.01 in Q2 2018. Its up 0.13, from 0.88 in 2018Q1. It is positive, as 53 investors sold NOC shares while 273 reduced holdings. 96 funds opened positions while 234 raised stakes. 137.09 million shares or 0.52% less from 137.81 million shares in 2018Q1 were reported. Capital Fund owns 50,537 shares or 0.08% of their US portfolio. Capital Advisors Ltd Co holds 0.01% or 758 shares. Blair William Il reported 0.02% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). First Trust Advisors Ltd Partnership reported 193,849 shares. Strategy Asset Managers Lc accumulated 1.02% or 15,699 shares. Earnest Partners Ltd Limited Liability Company holds 84 shares. Proshare Advsr Lc accumulated 32,985 shares. Cetera Advsr Ltd Liability Com reported 7,078 shares. Gamble Jones Investment Counsel holds 0.13% or 4,310 shares in its portfolio. Barometer Management Inc has 1,600 shares for 0.04% of their portfolio. Deutsche Financial Bank Ag invested 0.11% in Northrop Grumman Corporation (NYSE:NOC). Griffin Asset Incorporated has invested 0.32% in Northrop Grumman Corporation (NYSE:NOC). Jnba Fin has invested 0.01% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Reliance Co Of Delaware has invested 0.2% in Northrop Grumman Corporation (NYSE:NOC). Canal Insur reported 40,093 shares.

Since July 30, 2018, it had 0 buys, and 8 sales for $11.33 million activity. Purvis Shawn N also sold $427,855 worth of Northrop Grumman Corporation (NYSE:NOC) on Monday, October 29. $1.59M worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Antkowiak Patrick M.. 1,065 shares valued at $319,521 were sold by Kalan Lesley A on Monday, August 27. BUSH WESLEY G sold $2.75M worth of Northrop Grumman Corporation (NYSE:NOC) on Friday, November 2. CHESTON SHEILA C. had sold 10,440 shares worth $3.34M on Wednesday, October 3. On Monday, July 30 the insider Perry David T sold $1.33 million.

Bradley Foster & Sargent Inc decreased its stake in Northrop Grumman (NOC) by 32.43% based on its latest 2018Q2 regulatory filing with the SEC. Bradley Foster & Sargent Inc sold 27,093 shares as the company’s stock declined 7.41% while stock markets rallied. The institutional investor held 56,440 shares of the industrial machinery and components company at the end of 2018Q2, valued at $17.37 million, down from 83,533 at the end of the previous reported quarter. Bradley Foster & Sargent Inc who had been investing in Northrop Grumman for a number of months, seems to be less bullish one the $43.68 billion market cap company. The stock increased 0.70% or $1.75 during the last trading session, reaching $251.59. About 507,604 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 12.85% since December 6, 2017 and is uptrending. It has underperformed by 2.77% the S&P500.

Bradley Foster & Sargent Inc, which manages about $2.48B and $2.79 billion US Long portfolio, upped its stake in Deere (NYSE:DE) by 101,430 shares to 203,386 shares, valued at $28.43 million in 2018Q2, according to the filing. It also increased its holding in Novanta Inc. by 63,295 shares in the quarter, for a total of 67,140 shares, and has risen its stake in Transunion.

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on January, 24. They expect $4.36 EPS, up 54.61 % or $1.54 from last year’s $2.82 per share. NOC’s profit will be $756.98M for 14.43 P/E if the $4.36 EPS becomes a reality. After $6.54 actual EPS reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

More notable recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Seekingalpha.com which released: “Northrop Grumman: Irrational Selloff Is Opportunity For Long-Term Investors – Seeking Alpha” on November 20, 2018, also Seekingalpha.com with their article: “Stocks To Watch: Eyes On Cyber Monday, Argentina And Mars – Seeking Alpha” published on November 24, 2018, Bizjournals.com published: “Lockheed/Northrop venture, other defense firms get $165M in military contracts in Orlando – Orlando Business Journal” on December 04, 2018. More interesting news about Northrop Grumman Corporation (NYSE:NOC) were released by: Seekingalpha.com and their article: “Northrop Grumman: While There Are Concerns, The Company Remains Strong – Seeking Alpha” published on November 14, 2018 as well as Twst.com‘s news article titled: “Northrop Grumman Corporation: US Air Force Awards $330 Million E-8C Joint STARS Fleet Total Systems Support Responsibility Contract to Northrop Grumman for FY 2019 – The Wall Street Transcript” with publication date: November 19, 2018.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Among 8 analysts covering Northrop (NYSE:NOC), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Northrop had 9 analyst reports since June 22, 2018 according to SRatingsIntel. As per Friday, June 22, the company rating was maintained by Robert W. Baird. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Neutral” rating given on Friday, July 27 by Credit Suisse. Citigroup maintained the stock with “Buy” rating in Thursday, October 25 report. The firm earned “Equal-Weight” rating on Wednesday, November 14 by Morgan Stanley. The rating was maintained by Credit Suisse on Wednesday, June 27 with “Neutral”. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Buy” rating given on Tuesday, July 31 by Buckingham Research. On Tuesday, October 30 the stock rating was maintained by Jefferies with “Buy”. JP Morgan maintained the stock with “Overweight” rating in Friday, July 27 report.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart

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