Notable Runner: Is Northrop Grumman Corporation a Buy? The Stock Reaches All-Time High Today

Notable Runner: Is Northrop Grumman Corporation a Buy? The Stock Reaches All Time High Today

The stock of Northrop Grumman Corporation (NYSE:NOC) reached all time high today, Nov, 14 and still has $359.09 target or 43.00% above today’s $251.11 share price. This indicates more upside for the $44.68 billion company. This technical setup was reported by Barchart.com. If the $359.09 PT is reached, the company will be worth $19.21 billion 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 1.47 million shares traded hands or 30.09% up from the average. Northrop Grumman Corporation (NYSE:NOC) has risen 23.63% since April 12, 2016 and is uptrending. It has outperformed by 18.64% the S&P500.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Out of 9 analysts covering Northrop Grumman (NYSE:NOC), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Northrop Grumman has been the topic of 22 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, December 16 by JP Morgan. JP Morgan downgraded it to “Neutral” rating and $231 target price in Thursday, August 25 report. The firm has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. The firm has “Equal-Weight” rating given on Monday, May 2 by Barclays Capital. RBC Capital Markets maintained Northrop Grumman Corporation (NYSE:NOC) on Thursday, July 30 with “Outperform” rating. The firm has “Equal-Weight” rating given on Tuesday, February 16 by Barclays Capital. On Thursday, October 29 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was initiated on Thursday, October 6 by Robert W. Baird. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Thursday, May 19 report. On Thursday, November 12 the stock rating was maintained by Argus Research with “Buy”.

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 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.
Factory Mutual Co accumulated 0.5% or 169,300 shares. Twin Tree Mngmt Ltd Partnership has 2,819 shares for 0.01% of their US portfolio. Palisade Capital Lc Nj has 4,725 shares for 0.04% of their US portfolio. Crestpoint Cap Mngmt Ltd Liability Corp, a Missouri-based fund reported 1,600 shares. Counsel Portfolio Service Inc owns 1,500 shares or 0.03% of their US portfolio. Northern Trust Corporation reported 2.06 million shares or 0.15% of all its holdings. Welch Group Incorporated Limited Liability has invested 0.12% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Fjarde Ap last reported 38,883 shares in the company. Bb&T holds 0.02% or 3,457 shares in its portfolio. Cypress Capital Gp accumulated 3,237 shares or 0.17% of the stock. Cwm Limited Liability Co holds 0.01% of its portfolio in Northrop Grumman Corporation (NYSE:NOC) for 892 shares. The Connecticut-based Halsey Associate Incorporated Ct has invested 0.11% in Northrop Grumman Corporation (NYSE:NOC). Waddell And Reed Financial Incorporated has invested 0.15% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). The California-based Weatherly Asset Mngmt Lp has invested 0.14% in Northrop Grumman Corporation (NYSE:NOC). Putnam Invests Ltd Llc holds 2.37% or 4.38 million shares in its portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 18 sales for $25.20 million net activity. Shares for $7.65 million were sold by BUSH WESLEY G. Jones Christopher T also sold $51,806 worth of Northrop Grumman Corporation (NYSE:NOC) on Monday, August 1. On Tuesday, November 1 the insider Bedingfield Kenneth L sold $28,688. 3,769 shares with value of $824,582 were sold by FLACH GLORIA A on Friday, August 5. 5,466 shares were sold by Caylor Mark A, worth $1.19 million. Peppard Denise M. had sold 2,015 shares worth $462,443. $4.58M worth of shares were sold by VICE THOMAS E on Friday, August 12.

More news for Northrop Grumman Corporation (NYSE:NOC) were recently published by: Prnewswire.com, which released: “U.S. Military Veterans to Meet U.S. Olympians at Historic New York Athletic …” on November 10, 2016. Profitconfidential.com‘s article titled: “Northrop Grumman Corporation: New Cold War Could Send NOC Stock Soaring” and published on September 02, 2016 is yet another important article.

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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