Private Trust Co Increased Northrop Grumman Corp. (NYSE:NOC) by $3.25 Million as Shares Rose


Private Trust Co increased its stake in Northrop Grumman Corp. (NYSE:NOC) by 69.52% based on its latest 2016Q2 regulatory filing with the SEC. Private Trust Co bought 16,485 shares as the company’s stock rose 5.54% with the market. The institutional investor held 40,199 shares of the industrial machinery and components company at the end of 2016Q2, valued at $7.96M, up from 23,714 at the end of the previous reported quarter. Private Trust Co who had been investing in Northrop Grumman Corp. for a number of months, seems to be bullish on the $37.39 billion market cap company. The stock decreased 0.91% or $1.91 on September 13, hitting $208.36. About 692,273 shares traded hands. Northrop Grumman Corporation (NYSE:NOC) has risen 13.28% since February 8, 2016 and is uptrending. It has underperformed by 3.21% the S&P500.

The institutional sentiment increased to 0.99 in 2016 Q2. Its up 0.14, from 0.85 in 2016Q1. The ratio increased, as 36 funds sold all NOC shares owned while 270 reduced positions. 85 funds bought stakes while 219 increased positions. They now own 146.34 million shares or 7.23% less from 157.73 million shares in 2016Q1.

Barometer Capital Management Inc. holds 3.86% of its portfolio in NOC for 175,000 shares. Maverick Capital Ltd owns 1.17 million shares or 3.52% of their US portfolio. Moreover, Mu Investments Co. Ltd. has 3.32% invested in the company for 22,570 shares. The Hawaii-based Cadinha & Co Llc has invested 3.29% in the stock. Canal Insurance Co, a South Carolina-based fund reported 40,712 shares.

Out of 8 analysts covering Northrop Grumman Corporation (NYSE:NOC), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Northrop Grumman Corporation has been the topic of 18 analyst reports since October 12, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the stock on August 25 to “Neutral” rating.

Northrop Grumman Corporation is a global security company. The company has a market cap of $37.39 billion. The Firm provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial clients across the world. It has a 18.75 P/E ratio. The Firm operates through four divisions: Aerospace Systems, Electronic Systems, Information Systems and Technical Services.

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