Bluestein R H & Company Boosted Its Stake in Northrop Grumman Corp (NOC) by $34.25 Million as Share Price Declined

July 14, 2018 - By Kyle Williams

Northrop Grumman Corporation (NYSE:NOC) LogoInvestors sentiment decreased to 0.88 in Q1 2018. Its down 0.10, from 0.98 in 2017Q4. It dropped, as 57 investors sold NOC shares while 306 reduced holdings. 89 funds opened positions while 232 raised stakes. 137.81 million shares or 0.54% more from 137.07 million shares in 2017Q4 were reported. Fjarde Ap reported 49,866 shares or 0.27% of all its holdings. The Texas-based King Luther Capital Mngmt has invested 0% in Northrop Grumman Corporation (NYSE:NOC). Matarin Cap Management Ltd Liability Com, a Connecticut-based fund reported 16,752 shares. National Registered Invest Advisor, a Texas-based fund reported 7,355 shares. Plante Moran Financial Advisors Limited Liability Corp accumulated 78 shares. Thompson Davis And Incorporated holds 471 shares or 0.43% of its portfolio. Park Corp Oh holds 0.03% or 1,710 shares in its portfolio. Qci Asset Management Ny accumulated 128 shares. The Virginia-based Palladium Ptnrs Ltd has invested 0.15% in Northrop Grumman Corporation (NYSE:NOC). Kbc Grp Nv holds 0.15% in Northrop Grumman Corporation (NYSE:NOC) or 45,359 shares. Stephens Incorporated Ar invested in 7,140 shares. Thompson Siegel And Walmsley Ltd Liability owns 0.07% invested in Northrop Grumman Corporation (NYSE:NOC) for 15,818 shares. Roosevelt Invest stated it has 72,059 shares. Highland Cap Mgmt holds 0.07% in Northrop Grumman Corporation (NYSE:NOC) or 2,541 shares. Segment Wealth Mngmt Ltd Co reported 724 shares stake.

Since February 13, 2018, it had 0 buys, and 9 selling transactions for $6.82 million activity. The insider Peppard Denise M. sold $1.31 million. On Tuesday, February 13 Pamiljans Janis G sold $856,902 worth of Northrop Grumman Corporation (NYSE:NOC) or 2,557 shares.

Bluestein R H & Company increased its stake in Northrop Grumman Corp (NOC) by 4618.31% based on its latest 2018Q1 regulatory filing with the SEC. Bluestein R H & Company bought 98,139 shares as the company’s stock declined 6.52% with the market. The hedge fund held 100,264 shares of the industrial machinery and components company at the end of 2018Q1, valued at $35.00M, up from 2,125 at the end of the previous reported quarter. Bluestein R H & Company who had been investing in Northrop Grumman Corp for a number of months, seems to be bullish on the $56.11B market cap company. The stock decreased 0.12% or $0.4 during the last trading session, reaching $321.73. About 1.42 million shares traded or 26.67% up from the average. Northrop Grumman Corporation (NYSE:NOC) has risen 29.40% since July 14, 2017 and is uptrending. It has outperformed by 16.83% the S&P500.

Bluestein R H & Company, which manages about $2.94B and $1.82 billion US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 67,208 shares to 241,974 shares, valued at $43.13 million in 2018Q1, according to the filing. It also reduced its holding in Stryker Corp (NYSE:SYK) by 52,813 shares in the quarter, leaving it with 300,598 shares, and cut its stake in Sherwin Williams Co (NYSE:SHW).

More notable recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Finance.Yahoo.com which released: “The 20 Stocks From Goldman Sachs’ Buy List That You Should Actually Consider” on July 12, 2018, also 247Wallst.com with their article: “Baird Has 4 Top Aerospace and Defense Stocks to Buy Before Q2 Earnings” published on July 13, 2018, Bizjournals.com published: “Lockheed, Northrop, Raptor grab $154M in local defense work” on June 26, 2018. More interesting news about Northrop Grumman Corporation (NYSE:NOC) were released by: Fool.com and their article: “Better Buy: Raytheon Company (RTN) vs. Northrop Grumman (NOC)” published on June 25, 2018 as well as Bizjournals.com‘s news article titled: “Lockheed, Northrop, Raytheon win multibillion-dollar missile defense contract” with publication date: July 11, 2018.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Among 11 analysts covering Northrop Grumman (NYSE:NOC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Northrop Grumman has $41900 highest and $32600 lowest target. $381.90’s average target is 18.70% above currents $321.73 stock price. Northrop Grumman had 17 analyst reports since January 16, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, April 6 by RBC Capital Markets. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Outperform” rating by Wells Fargo on Tuesday, January 16. The rating was upgraded by Goldman Sachs on Tuesday, May 8 to “Buy”. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Buy” rating by Jefferies on Wednesday, February 14. Credit Suisse maintained the shares of NOC in report on Wednesday, June 27 with “Neutral” rating. Credit Suisse maintained Northrop Grumman Corporation (NYSE:NOC) on Tuesday, May 22 with “Hold” rating. Robert W. Baird maintained the shares of NOC in report on Friday, June 22 with “Buy” rating. The rating was maintained by RBC Capital Markets on Tuesday, January 23 with “Buy”. Robert W. Baird maintained the stock with “Buy” rating in Friday, January 26 report. The rating was maintained by Bernstein with “Hold” on Thursday, April 26.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart

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