Economy

Northrop Grumman Corporation (NYSE:NOC) Trading Up - Short Interest Up 21.51%

About 444,287 shares traded. Commercial Bank Of Hawaii has invested 0.08% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). It has outperformed by 6.92% the S&P500.

Gotham Asset Management LLC increased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 844.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company's stock valued at $252,000 after acquiring an additional 8 shares during the period. Northrop Grumman Corporation has a 52-week low of $214.59 and a 52-week high of $299.33. The stock has been recently separated from the 50-day moving average by -2.04%. About 10 shares traded.

Traders are a little more bearish on the company recently as evidenced by the increase in short interest. It has outperformed by 1.69% the S&P500. As of the latest earnings report the EPS was $13.09 and is estimated to be $12.55 for the current year with 174,094,000 shares presently outstanding. NOC's profit would be $510.11M giving it 24.97 P/E if the $2.93 EPS is correct. After $1.92 actual EPS reported by Travelers Companies Inc for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth. Further, company shares have been seen trading -2.45% off of the 52 week high and 36.07% away from the 52 week low. Snow Capital Mgmt LP owns 401,151 shares or 0.15% of their USA portfolio. On Tuesday, September 20 the stock rating was upgraded by Canaccord Genuity to "Buy". Therefore 100% are positive. The rating was maintained by Northland Capital with "Hold" on Thursday, September 28. The rating was downgraded by Citigroup on Wednesday, March 1 to "Neutral". The company was upgraded on Monday, July 31 by Raymond James.

August 4 investment analysts at Argus Research maintained a company rating of "Buy" and raised the price expectation to $295.00 from $205.00. The firm earned "Neutral" rating on Wednesday, November 30 by Piper Jaffray. As per Tuesday, September 19, the company rating was initiated by William Blair. They set an outperform rating and a $260.00 price objective on the stock. The company was maintained on Sunday, October 8 by RBC Capital Markets. The firm earned "Hold" rating on Wednesday, September 20 by Keefe Bruyette & Woods.

Bank of Stockton increased its position in shares of Northrop Grumman Corporation by 0.9% in the second quarter. Its down 0.50, from 1.58 in 2017Q1. It increased, as 5 investors sold Safeguard Scientifics, Inc shares while 21 reduced holdings. 78 funds opened positions while 225 raised stakes. Centaur Prtn Ltd Partnership accumulated 40,100 shares. At current levels, Northrop Grumman Corporation (NYSE:NOC) shares have been seen trading 0.81% away from the 20-day moving average. Alexandria Ltd has invested 0% in Northrop Grumman Corporation (NYSE:NOC). First Personal Svcs reported 0.02% stake.

Amica Mutual Insurance Company, which manages about $1.10 billion US Long portfolio, upped its stake in Southern Company (NYSE:SO) by 18,820 shares to 70,290 shares, valued at $3.37M in 2017Q2, according to the filing. The Georgia-based Signaturefd Limited Liability Company has invested 0.1% in Northrop Grumman Corporation (NYSE:NOC). The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/20/northrop-grumman-corporation-noc-shares-sold-by-the-manufacturers-life-insurance-company.html. Fmr Ltd holds 0.23% or 7.30M shares. Robeco Institutional Asset Management Bv invested in 341,209 shares. State Street invested 0% of its portfolio in Safeguard Scientifics, Inc (NYSE:SFE). Alpine Woods Limited Co reported 4,407 shares. Goldman Sachs Gp reported 0% in Safeguard Scientifics, Inc (NYSE:SFE). Price Michael F holds 407,500 shares or 0.26% of its portfolio.

07/27/2017 - Northrop Grumman Corporation had its "hold" rating reiterated by analysts at Stifel Nicolaus. Therefore 57% are positive.

09/19/2017 - Northrop Grumman Corporation had its "buy" rating reiterated by analysts at Vertical Research Partners. RBC Capital Markets has "Buy" rating and $294.0 target. The rating was maintained by RBC Capital Markets on Friday, July 7 with "Buy". Wolfe Research downgraded the shares of NOC in report on Thursday, October 29 to "Peer Perform" rating. Fjarde Ap has invested 0.2% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). The rating was maintained by Cowen & Co on Wednesday, August 23 with "Hold". Barclays Capital maintained Northrop Grumman Corporation (NYSE:NOC) on Monday, May 2 with "Equal-Weight" rating. California Pub Employees Retirement System stated it has 27,000 shares or 0% of all its holdings.

Among 14 analysts covering Northrop Grumman (NYSE:NOC), 8 have Buy rating, 0 Sell and 6 Hold. The dividend payment was $1.000 per share for the quarter which comes to $4.00 on an annualized basis. DAVIS LISA R also sold $147,750 worth of Northrop Grumman Corporation (NYSE:NOC) on Wednesday, May 10. Following the completion of the sale, the vice president now directly owns 35,372 shares in the company, valued at approximately $8,079,672.24. Dynamic Matls Corp was reduced too.

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