Stock Worth Mentioning: What’s in Northrop Grumman Corporation After Reaching 52-Week High?

Stock Worth Mentioning: What's in Northrop Grumman Corporation After Reaching 52 Week High?

The stock of Northrop Grumman Corporation (NYSE:NOC) hit a new 52-week high and has $314.47 target or 37.00% above today’s $229.54 share price. The 8 months bullish chart indicates low risk for the $40.57B company. The 1-year high was reported on Nov, 1 by If the $314.47 price target is reached, the company will be worth $15.01B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 323,969 shares traded hands. Northrop Grumman Corporation (NYSE:NOC) has risen 15.23% since March 30, 2016 and is uptrending. It has outperformed by 12.22% the S&P500.

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. Northrop Grumman has been the topic of 21 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, November 12 by Argus Research. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Neutral” rating given on Monday, October 12 by JP Morgan. The company was maintained on Friday, January 29 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $206 target price in Thursday, October 29 report. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Equal-Weight” rating by Barclays Capital on Monday, May 2. The firm has “Peer Perform” rating given on Thursday, October 29 by Wolfe Research. The rating was initiated by Robert W. Baird with “Outperform” on Thursday, October 6. The firm earned “Neutral” rating on Thursday, August 25 by JP Morgan. The stock has “Buy” rating given by Argus Research on Thursday, August 6. Drexel Hamilton upgraded the stock to “Buy” rating in Wednesday, October 28 report.

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 is positive, 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.
Palladium Prtnrs Limited Liability accumulated 0.1% or 4,770 shares. Strs Ohio accumulated 104,021 shares or 0.1% of the stock. Washington Tru Retail Bank holds 0.06% or 1,087 shares in its portfolio. Hl Fincl Limited Com has invested 0.01% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Moreover, Old Mutual Glob Invsts (Uk) Limited has 0.56% invested in Northrop Grumman Corporation (NYSE:NOC) for 135,429 shares. Alliancebernstein L P reported 1.97 million shares or 0.38% of all its holdings. Monetary Mngmt Grp Incorporated Inc has 2,275 shares for 0.24% of their US portfolio. Laffer Investments holds 6,602 shares or 0% of its portfolio. Gerstein Fisher, a New York-based fund reported 4,570 shares. Renaissance Technology Llc has 0.06% invested in the company for 137,800 shares. Massmutual Company Fsb Adv has invested 0% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Jacobs Levy Equity Inc has 0.5% invested in the company for 108,508 shares. Associated Banc owns 1,223 shares or 0.02% of their US portfolio. Bbva Compass Bancshares holds 0.29% of its portfolio in Northrop Grumman Corporation (NYSE:NOC) for 17,214 shares. Seven Eight Capital Ltd Company last reported 0.12% of its portfolio in the stock.

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 13 selling transactions for $16.22 million net activity. The insider Jones Christopher T sold $51,806. FLACH GLORIA A also sold $824,582 worth of Northrop Grumman Corporation (NYSE:NOC) on Friday, August 5. Felsinger Donald E also sold $1.00M worth of Northrop Grumman Corporation (NYSE:NOC) shares. BUSH WESLEY G sold $7.65M worth of Northrop Grumman Corporation (NYSE:NOC) on Wednesday, August 3. Bedingfield Kenneth L had sold 125 shares worth $26,525. $2.63M worth of shares were sold by CHESTON SHEILA C. on Monday, May 2. $284,332 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Hardesty Michael A on Wednesday, May 4.

More important recent Northrop Grumman Corporation (NYSE:NOC) news were published by: which released: “Northrop Grumman Corporation: New Cold War Could Send NOC Stock Soaring” on September 02, 2016, also published article titled: “Northrop Grumman Corporation: Triple-Digit Upside for NOC Stock?”, published: “Northrop Grumman Corporation: There’s More to NOC Than Meets the Eye” on October 07, 2016. More interesting news about Northrop Grumman Corporation (NYSE:NOC) was released by: and their article: “Northrop Grumman And Its Future In Drones” with publication date: October 03, 2016.

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.

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