Arrowstreet Capital Limited Partnership Trimmed Its Northrop Grumman Corp (NYSE:NOC) Position by $75.07 Million

May 17, 2018 - By Charla Downs

Northrop Grumman Corporation (NYSE:NOC) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 0.98. That’s change of 0.08, from 2017Q3’s 1.06. 46 investors sold all, 287 reduced holdings as NOC ratio worsened. 222 increased stakes while 105 funds bought stakes. Funds hold 137.07 million shares thus 0.41% less from 2017Q3’s 137.63 million shares. Strategic Global Advsrs Lc reported 1.32% stake. Delta Asset Mngmt Llc Tn holds 0.01% in Northrop Grumman Corporation (NYSE:NOC) or 262 shs. Grp Inc holds 0.06% or 54,665 shs in its capital. Bluemountain Capital Mgmt Lc stated it has 6,154 shs or 0.04% of all its holdings. Milestone Grp reported 1,027 shs stake. Norinchukin Comml Bank The, a Japan-based fund reported 13,917 shs. Coastline invested in 1,000 shs or 0.05% of the stock. Quantres Asset Management Ltd has 0.23% invested in Northrop Grumman Corporation (NYSE:NOC) for 1,200 shs. Palisade Capital Ltd Liability Nj reported 0.06% of its capital in Northrop Grumman Corporation (NYSE:NOC). 333,498 were reported by Hsbc Public Limited. Tci Wealth has invested 0.12% of its capital in Northrop Grumman Corporation (NYSE:NOC). State Of Wisconsin Inv Board, Wisconsin-based fund reported 149,660 shs. Gamco Et Al owns 3,200 shs. Hanson Mcclain has 1,442 shs. Crawford Inv Counsel Incorporated accumulated 5,672 shs or 0.05% of the stock.

NOC registered $6.82 million net activity with 0 buys and 9 selling transactions since February 13, 2018. On Tuesday, February 20 a trade for 2,941 shs valued at $1.03 million was made by Hardesty Michael A. $1.31 million worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Peppard Denise M. on Monday, February 26.

In Northrop Grumman Corp (NYSE:NOC) was decreased the stake owned by Arrowstreet Capital Limited Partnership. The reduction is 27.51% according to 2018Q1 SEC filling. The company’s stock rose 14.98% while stock markets declined as Arrowstreet Capital Limited Partnership sold 215,111 shares. The industrial machinery and components company announced $197.92 million value for the 2018Q1. Now the institutional investor is holding 566,919 shares, compared to the 782,030 from the previous quarter. $56.01B is the market cap of Northrop Grumman Corp. NOC reached $321.16 during the last trading session after $1.19 change.Northrop Grumman Corporation has volume of 982,509 shares. Since May 17, 2017 NOC has risen 48.11% and is uptrending. NOC outperformed by 36.56% the S&P500.

A portfolio of $55.30B and $43.60B is managed by Arrowstreet Capital Limited Partnership. As it’s [published] in SEC filling the stake in Itau Unibanco Hldg Sa (NYSE:ITUB) is rose by 3.90 million shares to 9.27 million shares. They are valued at $144.57 million in 2018Q1. Arrowstreet Capital Limited Partnership has risen its stake in Ebay Inc (NASDAQ:EBAY) and also increased its holding in Cboe Global Markets Inc (NASDAQ:CBOE) by 148,650 shares in the quarter, for a total of 385,417 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

A total of 13 analysts rate Northrop (NYSE:NOC) as follows: 9 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 69% are bullish. (NYSE:NOC) has 16 ratings reports on May 17, 2018 according to StockzIntelligence. On Thursday, April 12 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Wednesday, February 14 the stock of Northrop Grumman Corporation (NYSE:NOC) has “Buy” rating given by Jefferies. On Thursday, January 25 the company was maintained by Jefferies. On Friday, April 6 RBC Capital Markets maintained Northrop Grumman Corporation (NYSE:NOC) with “Buy” rating. On Monday, January 8 the stock of Northrop Grumman Corporation (NYSE:NOC) earned “Hold” rating by Stifel Nicolaus. On Thursday, April 26 Credit Suisse maintained Northrop Grumman Corporation (NYSE:NOC) rating. Credit Suisse has “Neutral” rating and $342 target. On Tuesday, January 23 the firm has “Buy” rating given by RBC Capital Markets. On Friday, January 26 the firm has “Buy” rating given by Robert W. Baird. In Tuesday, May 8 report Goldman Sachs upgraded it to “Buy” rating and $41000 target. On Tuesday, January 16 the rating was upgraded by Wells Fargo to “Outperform”.

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.Last it reported 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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