What’s Northrop Grumman Corporation Upside After Today’s Bearish Options Activity?

 What's Northrop Grumman Corporation Upside After Today's Bearish Options Activity?

In today’s session Northrop Grumman Corporation (NOC) recorded an unusually high (396) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious NOC decrease. With 396 contracts traded and 6144 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: NOC161118P00210000 closed last at: $2 or 2.4% down. About 150,297 shares traded hands. Northrop Grumman Corporation (NYSE:NOC) has risen 14.55% since March 16, 2016 and is uptrending. It has outperformed by 9.00% the S&P500.

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on October, 26. They expect $2.72 EPS, up 12.86% or $0.31 from last year’s $2.41 per share. NOC’s profit will be $486.42M for 20.13 P/E if the $2.72 EPS becomes a reality. After $2.60 actual EPS reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts 4.62% EPS growth.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Out of 9 analysts covering Northrop Grumman (NYSE:NOC), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. $260 is the highest target while $185 is the lowest. The $215.11 average target is -1.77% below today’s ($218.98) stock price. Northrop Grumman has been the topic of 21 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Peer Perform” rating by Wolfe Research on Thursday, October 29. The company was maintained on Friday, January 29 by RBC Capital Markets. JP Morgan downgraded Northrop Grumman Corporation (NYSE:NOC) rating on Thursday, August 25. JP Morgan has “Neutral” rating and $231 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 29 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, May 19. The rating was maintained by Argus Research with “Buy” on Thursday, November 12. JP Morgan upgraded the shares of NOC in a report on Wednesday, December 16 to “Overweight” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, February 16 report. Barclays Capital maintained it with “Equal-Weight” rating and $200 target price in Monday, May 2 report. The firm earned “Buy” rating on Wednesday, October 28 by Drexel Hamilton.

According to Zacks Investment Research, “Northrop Grumman Corporation is a high technology company providing innovative solutions in systems integration, defense electronics and information technology for its U.S. and international military, government and commercial customers, as a prime contractor, principal subcontractor, team member or preferred supplier. (Company Press Release)”

Insitutional Activity: 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 Northrop Grumman Corporation 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.
California State Teachers Retirement Sys has 352,895 shares for 0.17% of their US portfolio. Moreover, Great Lakes Advisors Ltd Liability has 0.03% invested in Northrop Grumman Corporation (NYSE:NOC) for 4,956 shares. Cypress Capital Group Inc last reported 0.17% of its portfolio in the stock. Amer Commercial Bank, a Texas-based fund reported 33 shares. Johnson Inv Counsel Incorporated has 0.01% invested in the company for 1,717 shares. Sei Invests has invested 0.13% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Highland Mngmt Limited Partnership has 1,500 shares for 0.01% of their US portfolio. St Johns Invest Ltd owns 3,913 shares or 0.78% of their US portfolio. Wetherby Asset Mgmt Inc has invested 0.15% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). New Century Invest last reported 2.42% of its portfolio in the stock. Scopus Asset Management L P holds 97,500 shares or 0.29% of its portfolio. First Quadrant L P Ca has invested 0.86% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Joel Isaacson Limited Liability Corporation has invested 0% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Calamos Wealth Management last reported 11,937 shares in the company. American Group Inc Inc last reported 68,041 shares in the company.

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 18 insider sales for $26.88 million net activity. $51,120 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Jones Christopher T. CHESTON SHEILA C. also sold $2.63M worth of Northrop Grumman Corporation (NYSE:NOC) shares. On Wednesday, May 4 the insider Hardesty Michael A sold $284,332. $347,452 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Bedingfield Kenneth L. Shares for $824,582 were sold by FLACH GLORIA A on Friday, August 5. Another trade for 20,997 shares valued at $4.58M was sold by VICE THOMAS E. 5,466 shares were sold by Caylor Mark A, worth $1.19 million.

Northrop Grumman Corporation is a global security company. The company has a market cap of $39.16 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 19.7 P/E ratio. The Firm operates through four divisions: Aerospace Systems, Electronic Systems, Information Systems and Technical Services.

NOC Company Profile

Northrop Grumman Corporation (Northrop Grumman), incorporated on August 4, 2010, is a global security company. 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. The Firm operates through four divisions: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. The Firm participates in defense and government programs in the United States and abroad. The Firm conducts business with the United States Government, the Department of Defense (DoD) and intelligence community. The Firm also conducts business with local, state and foreign Governments, and domestic and international commercial customers.

More important recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Profitconfidential.com which released: “Northrop Grumman Corporation: New Cold War Could Send NOC Stock Soaring” on September 02, 2016, also Nasdaq.com published article titled: “Northrop Grumman Corporation: There’s More to NOC Than Meets the Eye”, Seekingalpha.com published: “Northrop Grumman And Its Future In Drones” on October 03, 2016. More interesting news about Northrop Grumman Corporation (NYSE:NOC) was released by: Equitiesfocus.com and their article: “Northrop Grumman Corporation (NYSE:NOC) Per-Share Dividend At $0.9” with publication date: October 18, 2016.

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