Brookside Capital Management LLC Decreased Stake in Northrop Grumman Corp (NOC) by $18.64 Million

Northrop Grumman Corporation (NYSE:NOC) Corporate LogoBig Money Sentiment increased to 1.01 in Q2 2018. It has change of 0.13, from 2018Q1’s 0.88. The ratio is positive due to NOC positioning: 53 sold and 273 reduced. 96 funds took stakes and 234 increased stakes. Investors holded 137.81 million in 2018Q1 but now own 137.09 million shares or 0.52% less. Proshare Limited Company stated it has 0.07% in Northrop Grumman Corporation (NYSE:NOC). Torch Wealth Ltd reported 0.94% stake. Clarivest Asset Mgmt Limited has 0.95% invested in Northrop Grumman Corporation (NYSE:NOC) for 179,097 shs. 564 were reported by First Personal. Parsons Cap Ri holds 0.03% of its capital in Northrop Grumman Corporation (NYSE:NOC) for 836 shs. Chesley Taft & Assoc Ltd stated it has 9,323 shs or 0.25% of all its holdings. Paloma Company has invested 0% in Northrop Grumman Corporation (NYSE:NOC). Intrust Retail Bank Na invested 0.07% in Northrop Grumman Corporation (NYSE:NOC). Central Bank & Trust & Tru Company invested in 0.06% or 815 shs. Cipher Capital Lp stated it has 15,641 shs or 0.99% of all its holdings. First Pacific Llc reported 2,350 shs stake. Moreover, Ameritas Inv Prns has 0.06% invested in Northrop Grumman Corporation (NYSE:NOC) for 3,742 shs. Engineers Gate Manager LP owns 0.02% invested in Northrop Grumman Corporation (NYSE:NOC) for 650 shs. The Ohio-based Johnson Invest Counsel has invested 0.19% in Northrop Grumman Corporation (NYSE:NOC). Tiaa Cref Investment Mngmt Limited Liability Company has 0.38% invested in Northrop Grumman Corporation (NYSE:NOC) for 1.84M shs.

NOC had 8 insider sales and 0 insider buys since July 30, 2018. This’s net activity of $11.33 million. 4,425 shs were sold by Perry David T, worth $1.33 million on Monday, July 30. 10,440 shs were sold by CHESTON SHEILA C., worth $3.34 million. Kalan Lesley A sold $319,521 worth of Northrop Grumman Corporation (NYSE:NOC) or 1,065 shs on Monday, August 27. $1.35 million worth of stock was sold by Caylor Mark A on Thursday, August 30. Another trade for 807 shs valued at $225,960 was sold by Purvis Shawn N. $1.59M worth of stock was sold by Antkowiak Patrick M. on Monday, September 17.

Based on the latest 2018Q2 regulatory filing with the SEC, Brookside Capital Management Llc reduced its stake in Northrop Grumman Corp (NOC) by 34.52%. 60,716 shares were sold by Brookside Capital Management Llc as the company’s stock declined 7.41% while stock markets rallied. At the end of 2018Q2, the hedge fund held 115,173 shares of the industrial machinery and components company, valued at $35.44M, down from 175,889 at the end of the previous reported quarter. $44.71 billion is the MC of Northrop Grumman Corp. Ticker’s shares touched $257.54 during the last trading session after 0.21% change.Northrop Grumman Corporation is uptrending after having risen 12.85% since December 8, 2017. NOC has 1.76M volume or 19.96% up from normal. NOC underperformed the S&P 500 by 2.77%.

Brookside Capital Management Llc operates about $1.48 billion US Long portfolio. Its stake in Worldpay Inc was rose by 60,362 shares to 174,001 shares valued at $14.23M in 2018Q2, according to the filing. For a total of 239,176 shares it increased its holding in Mirati Therapeutics Inc (NYSE:MRK) by 236,376 shares in the quarter, and has risen its stake in Cloudera Inc.

Northrop Grumman Corporation (NYSE:NOC)’s earnings report is expected on January, 24., as reported by RTT. Analysts expect change of 54.61 % or $1.54 from previous year’s $2.82 earnings per share compared to current’s $4.36 earnings per share. NOC’s profit could hit $756.98 million if the current earnings per share of $4.36 is accurate. After $6.54 earnings per share was published last quarter, analysts now see negative EPS growth of -33.33 % for Northrop Grumman Corporation.

For more Northrop Grumman Corporation (NYSE:NOC) news brought out briefly go to: Seekingalpha.com, Benzinga.com, Bizjournals.com, Fool.com or Bizjournals.com. The titles are as follows: “Northrop Grumman: Irrational Selloff Is Opportunity For Long-Term Investors – Seeking Alpha” brought out on November 20, 2018, “Buckingham: Northrop Grumman (NYSE:NOC) Investors Have Excellent Entry Point – Benzinga” on July 31, 2018, “Lockheed (NYSE: LMT), Northrop (NYSE: NOC) and Ziehm Imaging grab big contracts for work in Orlando – Orlando – Orlando Business Journal” with a publish date: November 13, 2018, “Lawmakers Are Urged to Boost Military Spending or Face Dire Consequences – The Motley Fool” and the last “Able Aerospace expands HQ at Phoenix-Mesa Gateway Airport – Phoenix Business Journal” with publication date: December 05, 2018.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

In total 8 analysts cover Northrop (NYSE:NOC). “Buy” rating has 5, “Sell” are 0, while 3 are “Hold”. 63% are bullish. 9 are the (NYSE:NOC)’s analyst reports since June 22, 2018 according to StockzIntelligence Inc. On Tuesday, July 31 the stock of Northrop Grumman Corporation (NYSE:NOC) earned “Buy” rating by Buckingham Research. On Thursday, October 25 the firm earned “Buy” rating by Citigroup. In Wednesday, June 27 report Credit Suisse maintained it with “Neutral” rating and $341 target. On Friday, July 27 the firm has “Overweight” rating by JP Morgan given. On Friday, July 27 the stock of Northrop Grumman Corporation (NYSE:NOC) earned “Neutral” rating by Credit Suisse. On Wednesday, November 14 the stock has “Equal-Weight” rating by Morgan Stanley. On Friday, June 22 the stock has “Buy” rating by Robert W. Baird. On Tuesday, October 30 the stock has “Buy” rating by Jefferies.

Northrop Grumman Corporation (NYSE:NOC) Institutional Investors Chart

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