Northrop Grumman Corp (NOC) Holder Alliancebernstein LP Has Trimmed Its Stake

Northrop Grumman Corporation (NYSE:NOC) LogoInvestors sentiment decreased to 0.97 in 2018 Q3. Its down 0.04, from 1.01 in 2018Q2. It turned negative, as 62 investors sold NOC shares while 271 reduced holdings. 95 funds opened positions while 228 raised stakes. 139.01 million shares or 1.40% more from 137.09 million shares in 2018Q2 were reported. Qci Asset Mngmt owns 128 shares. Stratos Wealth Ltd has 0.06% invested in Northrop Grumman Corporation (NYSE:NOC). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 10,762 shares or 0.03% of all its holdings. Bradley Foster Sargent Ct has 4,616 shares. Oregon-based Northwest Investment Counselors Ltd Liability has invested 0.17% in Northrop Grumman Corporation (NYSE:NOC). Qs Investors Ltd Liability Corporation owns 0.19% invested in Northrop Grumman Corporation (NYSE:NOC) for 62,276 shares. 297 are held by Hudock Cap Gp Limited Liability Corp. Northern Capital Mgmt Limited reported 0.47% stake. Morgan Stanley accumulated 1.19M shares. Cibc World reported 0.02% in Northrop Grumman Corporation (NYSE:NOC). Toronto Dominion National Bank invested 0.08% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Tru Commerce Of Vermont holds 0.07% or 2,497 shares. Alliancebernstein Limited Partnership holds 0.47% or 2.25M shares. Webster Retail Bank N A reported 1,255 shares. Marco Investment Mngmt Ltd Liability reported 0.54% stake.

Since July 30, 2018, it had 0 insider purchases, and 8 insider sales for $11.33 million activity. $1.33 million worth of stock was sold by Perry David T on Monday, July 30. Another trade for 5,137 shares valued at $1.59M was made by Antkowiak Patrick M. on Monday, September 17. Purvis Shawn N sold $427,855 worth of stock or 1,565 shares. 4,543 shares were sold by Caylor Mark A, worth $1.35M. $319,521 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Kalan Lesley A. 10,440 shares were sold by CHESTON SHEILA C., worth $3.34M.

Alliancebernstein Lp decreased its stake in Northrop Grumman Corp (NOC) by 21.74% based on its latest 2018Q3 regulatory filing with the SEC. Alliancebernstein Lp sold 717,625 shares as the company’s stock declined 11.09% with the market. The hedge fund held 2.58M shares of the industrial machinery and components company at the end of 2018Q3, valued at $743.24M, down from 3.30 million at the end of the previous reported quarter. Alliancebernstein Lp who had been investing in Northrop Grumman Corp for a number of months, seems to be less bullish one the $44.94 billion market cap company. The stock increased 1.09% or $2.8 during the last trading session, reaching $258.85. About 124,418 shares traded. Northrop Grumman Corporation (NYSE:NOC) has declined 10.72% since January 14, 2018 and is downtrending. It has underperformed by 10.72% the S&P500.

Alliancebernstein Lp, which manages about $133.51 billion US Long portfolio, upped its stake in Ishares Tr (Call) (EEM) by 978,501 shares to 1.13M shares, valued at $50.67M in 2018Q3, according to the filing. It also increased its holding in Monolithic Pwr Sys Inc (NASDAQ:MPWR) by 164,171 shares in the quarter, for a total of 671,147 shares, and has risen its stake in Leggett & Platt Inc (NYSE:LEG).

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on January, 24. They expect $4.45 earnings per share, up 57.80 % or $1.63 from last year’s $2.82 per share. NOC’s profit will be $772.62 million for 14.54 P/E if the $4.45 EPS becomes a reality. After $6.54 actual earnings per share reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts -31.96 % negative EPS growth.

More notable recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Seekingalpha.com which released: “How Far Could Northrop Grumman Fall? – Seeking Alpha” on February 01, 2018, also Bizjournals.com with their article: “Lockheed/Northrop venture, other defense firms get $165M in military contracts in Orlando – Orlando Business Journal” published on December 04, 2018, Bizjournals.com published: “Security detail: Why 850+ top secret defense job openings in Orlando pose a challenge for Lockheed, Northrop, Harris Corp. – Orlando Business Journal” on September 05, 2018. More interesting news about Northrop Grumman Corporation (NYSE:NOC) were released by: Seekingalpha.com and their article: “Northrop boosts full-year guidance – Seeking Alpha” published on July 25, 2018 as well as Finance.Yahoo.com‘s news article titled: “Should You Be Holding Northrop Grumman Corporation (NYSE:NOC)? – Yahoo News” with publication date: November 17, 2018.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Among 9 analysts covering Northrop Grumman (NYSE:NOC), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Northrop Grumman had 9 analyst reports since July 27, 2018 according to SRatingsIntel. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Equal-Weight” rating given on Wednesday, November 14 by Morgan Stanley. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Overweight” rating by JP Morgan on Friday, July 27. The rating was maintained by Jefferies on Tuesday, October 30 with “Buy”. The company was maintained on Thursday, October 25 by Citigroup. The rating was maintained by Credit Suisse with “Neutral” on Friday, July 27. The firm earned “Overweight” rating on Tuesday, December 4 by Barclays Capital. Buckingham Research upgraded Northrop Grumman Corporation (NYSE:NOC) on Tuesday, July 31 to “Buy” rating.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart

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