The stock of Northrop Grumman Corporation (NYSE:NOC) reached all time high today, Nov, 2 and still has $308.26 target or 35.00% above today’s $228.34 share price. This indicates more upside for the $40.20 billion company. This technical setup was reported by Barchart.com. If the $308.26 PT is reached, the company will be worth $14.07B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 962,827 shares traded hands or 4.40% up from the average. Northrop Grumman Corporation (NYSE:NOC) has risen 15.42% since March 31, 2016 and is uptrending. It has outperformed by 12.90% 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 stock has “Outperform” rating given by RBC Capital Markets on Friday, January 29. RBC Capital Markets downgraded Northrop Grumman Corporation (NYSE:NOC) on Thursday, May 19 to “Sector Perform” rating. Argus Research maintained the stock with “Buy” rating in Thursday, November 12 report. As per Monday, May 2, the company rating was maintained by Barclays Capital. Robert W. Baird initiated Northrop Grumman Corporation (NYSE:NOC) rating on Thursday, October 6. Robert W. Baird has “Outperform” rating and $260 price target. As per Thursday, August 6, the company rating was maintained by Argus Research. Wolfe Research downgraded the stock to “Peer Perform” rating in Thursday, October 29 report. JP Morgan upgraded Northrop Grumman Corporation (NYSE:NOC) on Monday, October 12 to “Neutral” rating. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Buy” rating given on Wednesday, October 28 by Drexel Hamilton. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets.
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 improved, 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.
Bb&T Securities Ltd Company holds 5,786 shares or 0.02% of its portfolio. Ep Wealth Advisors Inc has 2,691 shares for 0.1% of their US portfolio. Northern Tru has invested 0.15% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). The Nebraska-based Cwm Ltd Co has invested 0.01% in Northrop Grumman Corporation (NYSE:NOC). Moreover, Citigroup has 0.06% invested in Northrop Grumman Corporation (NYSE:NOC) for 247,924 shares. American Century accumulated 10,473 shares or 0% of the stock. Eagle Asset Management Inc accumulated 28,990 shares or 0.04% of the stock. Moreover, Gemmer Asset Ltd Com has 0.04% invested in Northrop Grumman Corporation (NYSE:NOC) for 326 shares. Moreover, Cetera Advisor Networks Ltd Liability has 0.19% invested in Northrop Grumman Corporation (NYSE:NOC) for 14,721 shares. Firstmerit Bank & Trust N A Trustee holds 0.31% or 17,134 shares in its portfolio. Marco Mngmt Lc has 4,120 shares for 0.17% of their US portfolio. Schroder Investment Mgmt holds 0.04% of its portfolio in Northrop Grumman Corporation (NYSE:NOC) for 100,726 shares. Community Bank & Trust Na last reported 500 shares in the company. Teachers Advsr Inc has 742,127 shares for 0.29% of their US portfolio. Sigma Planning Corporation last reported 1,143 shares in the company.
Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 13 insider sales for $16.22 million net activity. Jones Christopher T sold 240 shares worth $50,928. Another trade for 125 shares valued at $26,525 was made by Bedingfield Kenneth L on Thursday, September 1. $1.00M worth of Northrop Grumman Corporation (NYSE:NOC) shares were sold by Felsinger Donald E. 35,000 shares with value of $7.35 million were sold by BUSH WESLEY G on Wednesday, May 4. On Monday, August 15 Caylor Mark A sold $1.19M worth of the stock or 5,466 shares. 20,997 shares were sold by VICE THOMAS E, worth $4.58 million. Hardesty Michael A also sold $284,332 worth of Northrop Grumman Corporation (NYSE:NOC) on Wednesday, May 4.
More 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 the news titled: “Northrop Grumman Corporation: There’s More to NOC Than Meets the Eye” on October 07, 2016. Seekingalpha.com‘s news article titled: “Northrop Grumman And Its Future In Drones” with publication date: October 03, 2016 was also an interesting one.
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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