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Northrop Grumman (NOC) Upgraded to "Outperform" at Wells Fargo & Co

19 January 2018

The institutional investor held 67,702 shares of the industrial machinery and components company at the end of 2017Q3, valued at $19.48 million, down from 69,001 at the end of the previous reported quarter. Northrop Grumman Corp now has $55.20 billion valuation.

Northrop Grumman (NYSE:NOC) traded up $4.97 during trading hours on Tuesday, hitting $317.51.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Wednesday, October 25th. It has outperformed by 1.69% the S&P500.

Hugh Sloane decreased its stake in First Rep Bk San Francisco C Com (FRC) by 37.12% based on its latest 2017Q3 regulatory filing with the SEC. Guardian Life Insurance Company Of America sold 6,913 shares as Phillips 66 (PSX)'s stock declined 0.52%. The institutional investor held 214,471 shares of the energy company at the end of 2017Q3, valued at $1.54 million, down from 406,268 at the end of the previous reported quarter.

The stock decreased 2.18% or $0.81 during the last trading session, reaching $36.29. About 139,058 shares traded or 76.38% up from the average. Altria Group, Inc. (NYSE:MO) has risen 11.92% since January 18, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.

Sloane Robinson Llp, which manages about $223.96 million US Long portfolio, upped its stake in Hdfc Bank Ltd Adr Reps 3 Shs (NYSE:HDB) by 7,800 shares to 81,700 shares, valued at $7.87 million in 2017Q3, according to the filing. It also increased its holding in Smurfit Kappa Group Plc (Adr) by 652,654 shares in the quarter, for a total of 3.05M shares, and has risen its stake in Genuine Parts Co.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on February, 2.

Among 17 analysts covering Northrop Grumman (NYSE:NOC), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 31% are positive. As per Friday, August 11, the company rating was maintained by Jefferies. RBC Capital Markets maintained the shares of NOC in report on Thursday, July 30 with "Outperform" rating. The stock of Limelight Networks, Inc. As per Monday, October 10, the company rating was maintained by. On Wednesday, July 26 the stock rating was maintained by Cowen & Co with "Hold". The stock presently has a consensus rating of "Buy" and an average price target of $245.58. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, July 30. Argus Research maintained it with "Buy" rating and $195 target in Thursday, August 6 report. On Wednesday, August 23 the stock rating was maintained by Cowen & Co with "Hold". RBC Capital Markets maintained Eagle Pharmaceuticals, Inc. Shares for $1.88M were sold by ASHWORTH SID.

Investors sentiment increased to 0.92 in Q3 2017. Its up 5.99, from 1.16 in 2017Q2. It turned negative, as 7 investors sold EPM shares while 29 reduced holdings. 94 funds opened positions while 282 raised stakes. Toronto Dominion Bank now owns 59,532 shares of the aerospace company's stock worth $15,280,000 after purchasing an additional 11,991 shares in the last quarter. (NASDAQ:LLNW). Deutsche Commercial Bank Ag holds 0% or 70,685 shares in its portfolio. Telemus Capital Limited Liability holds 0.09% or 6,622 shares. Wendell David Assocs reported 0.07% stake. (NASDAQ:HSIC). D E Shaw & Incorporated reported 97,561 shares stake. Baldwin Brothers Incorporated Ma holds 3,770 shares. Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.02% in Henry Schein, Inc. Royal Bank Of Canada assumed coverage on Northrop Grumman Corporation in a research report on Thursday. Stifel Fincl reported 160,929 shares. Congress Asset Management Ma reported 905,442 shares stake. Its down 0.13% from 2.04M shares previously. Northern holds 0% or 365,538 shares. (NASDAQ:LLNW) for 51,844 shares. Friess Associate Limited Liability Corp stated it has 0.01% of its portfolio in Limelight Networks, Inc. Autodesk Inc (NASDAQ:ADSK) was reduced too. The stock of Northrop Grumman Corporation (NYSE:NOC) earned "Hold" rating by Jefferies on Thursday, January 12. They expect $2.74 earnings per share, up 3.01% or $0.08 from last year's $2.66 per share. During the same period last year, the company earned $3.35 earnings per share. analysts anticipate that Northrop Grumman Co. will post 13.19 EPS for the current year.

Salem Investment Counselors Inc. increased its position in Northrop Grumman by 1.2% in the 2nd quarter. Its up 0.12, from 0.94 in 2017Q2. It increased, as 42 investors sold NOC shares while 273 reduced holdings. Hanseatic Management Services Inc. raised its position in shares of Northrop Grumman by 12.8% during the second quarter.

Since August 1, 2017, it had 0 insider purchases, and 4 sales for $4.75 million activity. Mitsubishi Ufj Hldg Communications Limited reported 1,050 shares. Sumitomo Mitsui Asset Mngmt Co Limited reported 12,687 shares. The analyst recommendations from a month ago are 8 Buy, 2 Overweight, 0 Sell, 10 Hold and 0 Underweight. Barclays Capital upgraded Northrop Grumman Corporation (NYSE:NOC) on Thursday, November 10 to "Overweight" rating. Sumitomo Mitsui Asset Management Company LTD now owns 13,468 shares of the company's stock valued at $2,881,000 after buying an additional 57 shares during the period. Geode Capital Management Lc invested 0.2% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Strategy Asset Managers Llc accumulated 1% or 16,940 shares. Global X Mgmt Ltd Liability has invested 0.01% of its portfolio in Phillips 66 (NYSE:PSX). (NYSE:NOC) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. Bancshares Of Montreal Can invested in 0% or 15,330 shares. Etrade Cap Mngmt Limited Liability Co has invested 0.08% in Northrop Grumman Corporation (NYSE:NOC). The Rhode Island-based Amica Mutual Ins has invested 0.23% in Northrop Grumman Corporation (NYSE:NOC). Moreover, Canal has 4.09% invested in Northrop Grumman Corporation (NYSE:NOC) for 40,712 shares. The insider Warden Kathy J sold $2.45M. $96,613 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by DAVIS LISA R. $329,063 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Jones Christopher T on Tuesday, August 1. Also, CEO Wesley G. Bush sold 35,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd.