The stock of Northrop Grumman Corporation (NYSE:NOC) reached all time high today, Nov, 8 and still has $315.57 target or 37.00% above today’s $230.34 share price. This indicates more upside for the $40.60B company. This technical setup was reported by Barchart.com. If the $315.57 PT is reached, the company will be worth $15.02B 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 101,897 shares traded hands. Northrop Grumman Corporation (NYSE:NOC) has risen 11.35% since April 5, 2016 and is uptrending. It has outperformed by 9.39% 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. RBC Capital Markets maintained Northrop Grumman Corporation (NYSE:NOC) rating on Thursday, October 29. RBC Capital Markets has “Outperform” rating and $206 price target. Wolfe Research downgraded the stock to “Peer Perform” rating in Thursday, October 29 report. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, July 30. The stock has “Overweight” rating given by JP Morgan on Wednesday, December 16. Robert W. Baird initiated Northrop Grumman Corporation (NYSE:NOC) on Thursday, October 6 with “Outperform” rating. RBC Capital Markets maintained Northrop Grumman Corporation (NYSE:NOC) rating on Friday, January 29. RBC Capital Markets has “Outperform” rating and $222 price target. Barclays Capital maintained it with “Equal-Weight” rating and $200 target price in Monday, May 2 report. Drexel Hamilton upgraded Northrop Grumman Corporation (NYSE:NOC) on Wednesday, October 28 to “Buy” rating. Barclays Capital maintained Northrop Grumman Corporation (NYSE:NOC) on Tuesday, February 16 with “Equal-Weight” rating. The firm has “Sector Perform” rating given on Thursday, May 19 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 Q2 2016. 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.
Seizert Capital Limited Liability holds 1.17% or 138,931 shares in its portfolio. Invesco Limited reported 904,483 shares or 0.07% of all its holdings. Rothschild Invest Corp Il last reported 1,256 shares in the company. M&T National Bank & Trust has invested 0.05% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Cleararc owns 4,081 shares or 0.18% of their US portfolio. Eagle Asset Mngmt accumulated 0.04% or 28,990 shares. Sfe Counsel owns 2,300 shares or 0.24% of their US portfolio. State Street Corp holds 0.47% or 19.80 million shares in its portfolio. Blackrock accumulated 0.17% or 499,919 shares. Deutsche Bancorp Ag last reported 0.06% of its portfolio in the stock. Gabelli Funds Ltd Limited Liability Company has 23,500 shares for 0.03% of their US portfolio. South State last reported 897 shares in the company. The Pennsylvania-based Peoples Fincl Service Corp has invested 0.03% in Northrop Grumman Corporation (NYSE:NOC). St Johns Inv Communication Limited Com accumulated 0.78% or 3,913 shares. Murphy Pohlad Asset Mngmt Limited Liability Company has invested 0.31% of its portfolio in Northrop Grumman Corporation (NYSE:NOC).
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 17 sales for $24.76 million net activity. $669,190 worth of shares were sold by CHESTON SHEILA C. on Tuesday, June 7. 35,000 shares with value of $7.99 million were sold by BUSH WESLEY G on Wednesday, November 2. FLACH GLORIA A had sold 3,769 shares worth $824,582 on Friday, August 5. 240 shares were sold by Jones Christopher T, worth $51,806 on Monday, August 1. $26,625 worth of shares were sold by Bedingfield Kenneth L on Monday, October 3. $1.19 million worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Caylor Mark A. On Friday, June 3 Felsinger Donald E sold $1.00M worth of the stock or 4,640 shares.
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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