As Northrop Grumman Corp (NYSE:NOC) Price Rose, Arrowstreet Capital Limited Partnership Trimmed Its Position

May 17, 2018 - By Andrea Pope

Northrop Grumman Corporation (NYSE:NOC) Corporate LogoBig Money Sentiment decreased to 0.98 in Q4 2017. It has change of 0.08, from 2017Q3’s 1.06. The ratio turned negative due to NOC positioning: 46 sold and 287 reduced. 105 funds amassed holdings and 222 increased holdings. Investors holded 137.63 million in 2017Q3 but now own 137.07 million shares or 0.41% less. Rothschild Investment Corporation Il, Illinois-based fund reported 692 shs. Federated Invsts Inc Pa has 2,700 shs for 0% of their capital. Captrust Financial Advisors reported 0.02% in Northrop Grumman Corporation (NYSE:NOC). Commerzbank Aktiengesellschaft Fi holds 0.03% or 8,497 shs. Guardian Life Insur Of America holds 0.04% of its capital in Northrop Grumman Corporation (NYSE:NOC) for 563 shs. Choate Invest holds 0.08% in Northrop Grumman Corporation (NYSE:NOC) or 5,030 shs. Confluence Wealth Management invested in 0.52% or 3,576 shs. Town And Country Bankshares And Dba First Bankers holds 0.14% or 933 shs in its capital. Teacher Retirement Of Texas invested 0.26% of its capital in Northrop Grumman Corporation (NYSE:NOC). The Kentucky-based Teachers Retirement Systems Of The State Of Kentucky has invested 0.07% in Northrop Grumman Corporation (NYSE:NOC). First Interstate National Bank owns 117 shs. Cognios Lc reported 0.91% stake. Moreover, Goldman Sachs Grp Inc has 0.13% invested in Northrop Grumman Corporation (NYSE:NOC). Moody Bancorporation Trust Division holds 0.1% or 6,927 shs. Modera Wealth Management Ltd Liability, a Massachusetts-based fund reported 1,694 shs.

NOC had 9 sales and 0 insider purchases since February 13, 2018. This’s net activity of $6.82 million. Hardesty Michael A sold 1,296 shs worth $457,747. On Monday, February 26 Peppard Denise M. sold $1.31M worth of Northrop Grumman Corporation (NYSE:NOC).

Based on the latest 2018Q1 regulatory filing with the SEC, Arrowstreet Capital Limited Partnership reduced its stake in Northrop Grumman Corp (NYSE:NOC) by 27.51%. The company’s stock Popped Up 14.98% while Arrowstreet Capital Limited Partnership sold 215,111 shares. At the end of 2018Q1, the 566,919 shares of the industrial machinery and components company held by the institutional investor were priced at $197.92M, down from 782,030 at the end of the previous reported quarter. $56.01 billion is the MC of Northrop Grumman Corp. Ticker’s shares touched $321.16 during the last trading session after 0.37% change.Currently Northrop Grumman Corporation is uptrending after 48.11% change in last May 17, 2017. NOC has 982,509 shares volume. NOC outperformed the S&P 500 by 36.56%.

Arrowstreet Capital Limited Partnership operates about $55.30 billion and $43.60 billion US Long portfolio. According to a filing the fund upped its stake in Express Inc (NYSE:EXPR) by 1.75M shares to 3.04M shares, valued at $21.78 million in 2018Q1. Arrowstreet Capital Limited Partnership has risen its stake in Us Bancorp Del (NYSE:USB) and also increased its holding in Wynn Resorts Ltd (NASDAQ:WYNN) by 224,099 shares in the quarter, for a total of 506,361 shares.

Arrowstreet Capital Limited Partnership is a Massachusetts-based institutional investor with more than $55.30 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Arrowstreet Capital Limited Partnership is the 85th largest institutional investor in our database. Taken from Arrowstreet Capital Limited latest Adv, the fund reported to have 164 full and part-time employees. Among which 37 performing investment advisory and research functions. The institutional investor had more than 116 clients.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

In total 13 analysts cover Northrop (NYSE:NOC). “Buy” rating has 9, “Sell” are 0, while 4 are “Hold”. 69% are bullish. 16 are the (NYSE:NOC)’s analyst reports since December 12, 2017 according to StockzIntelligence Inc. On Thursday, April 26 the stock of Northrop Grumman Corporation (NYSE:NOC) earned “Neutral” rating by Credit Suisse. On Thursday, January 25 the stock of Northrop Grumman Corporation (NYSE:NOC) earned “Hold” rating by Jefferies. On Monday, March 12 the stock of Northrop Grumman Corporation (NYSE:NOC) earned “Buy” rating by Citigroup. The company rating was upgraded by Wells Fargo on Tuesday, January 16. The stock rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 23. In Friday, January 26 report Robert W. Baird maintained the stock with “Buy” rating. On Thursday, April 12 Morgan Stanley maintained the shares of NOC in report with “Equal-Weight” rating. On Wednesday, February 14 the rating was upgraded by Jefferies to “Buy”. On Thursday, April 26 the firm has “Hold” rating given by Bernstein. On Friday, February 23 the company was maintained by Morgan Stanley.

Northrop Grumman Corporation, a security company, provides systems, products, and solutions in autonomous systems, cyber, strike, logistics and modernization, and command, control, communications, computers, intelligence, surveillance, and reconnaissance to government and commercial clients worldwide.The firm is worth $56.01 billion. It has three divisions: Aerospace Systems, Mission Systems, and Technology Services.Currently it has negative earnings. The Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems/subsystems.

Northrop Grumman Corporation (NYSE:NOC) Institutional Investors Chart

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