Agf Investments INC Trimmed Its Holding in Northrop Grumman Corp. (NOC) as Share Value Declined

September 30, 2018 - By Palma Niemeyer

Northrop Grumman Corporation (NYSE:NOC) LogoInvestors sentiment increased to 1.01 in 2018 Q2. Its up 0.13, from 0.88 in 2018Q1. It increased, as 53 investors sold NOC shares while 273 reduced holdings. 96 funds opened positions while 234 raised stakes. 137.09 million shares or 0.52% less from 137.81 million shares in 2018Q1 were reported. Hudock Cap Gp Ltd Llc reported 297 shares. State Of Wisconsin Investment Board has invested 0.15% in Northrop Grumman Corporation (NYSE:NOC). Blackrock Inc owns 12.72 million shares for 0.18% of their portfolio. Supplemental Annuity Collective Tru Of Nj has invested 0.66% in Northrop Grumman Corporation (NYSE:NOC). British Columbia Inv owns 56,914 shares. Tompkins Fincl owns 1,425 shares or 0.09% of their US portfolio. Usca Ria Ltd Liability holds 0.06% or 1,761 shares. Ibm Retirement Fund holds 3,109 shares. Choate Invest Advsrs reported 5,024 shares. M Hldg Securities reported 0.12% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Northwestern Mutual Wealth stated it has 5,399 shares or 0.01% of all its holdings. Principal Financial Group Inc reported 0.12% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). New York-based Douglass Winthrop Advsr Ltd Co has invested 0.03% in Northrop Grumman Corporation (NYSE:NOC). Norinchukin Comml Bank The invested in 19,756 shares or 0.09% of the stock. Washington Trust National Bank reported 1,134 shares.

Since April 1, 2018, it had 0 insider buys, and 4 selling transactions for $4.59 million activity. $323,602 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Pamiljans Janis G on Sunday, April 1. The insider Caylor Mark A sold 4,543 shares worth $1.35 million. 4,425 shares were sold by Perry David T, worth $1.33M on Monday, July 30. $319,521 worth of stock was sold by Kalan Lesley A on Monday, August 27.

Agf Investments Inc decreased its stake in Northrop Grumman Corp. (NOC) by 5.51% based on its latest 2018Q2 regulatory filing with the SEC. Agf Investments Inc sold 31,540 shares as the company’s stock declined 7.41% while stock markets rallied. The institutional investor held 541,373 shares of the industrial machinery and components company at the end of 2018Q2, valued at $166.58M, down from 572,913 at the end of the previous reported quarter. Agf Investments Inc who had been investing in Northrop Grumman Corp. for a number of months, seems to be less bullish one the $55.26 billion market cap company. The stock increased 0.19% or $0.6 during the last trading session, reaching $317.37. About 1.02M shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 12.85% since September 30, 2017 and is uptrending. It has underperformed by 2.77% the S&P500.

Agf Investments Inc, which manages about $9.72B US Long portfolio, upped its stake in Activision Blizzard Inc. (NASDAQ:ATVI) by 67,711 shares to 1.12M shares, valued at $85.52 million in 2018Q2, according to the filing. It also increased its holding in Western Digital Corp. (NASDAQ:WDC) by 72,230 shares in the quarter, for a total of 827,366 shares, and has risen its stake in Nutrien Ltd..

Analysts await Northrop Grumman Corporation (NYSE:NOC) to report earnings on October, 24. They expect $4.33 EPS, up 17.66 % or $0.65 from last year’s $3.68 per share. NOC’s profit will be $753.95M for 18.32 P/E if the $4.33 EPS becomes a reality. After $3.93 actual EPS reported by Northrop Grumman Corporation for the previous quarter, Wall Street now forecasts 10.18 % EPS growth.

More notable recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Finance.Yahoo.com which released: “Space Force Costs Are Murky, but the Opportunity for Contractors Is Clear” on September 29, 2018, also Seekingalpha.com with their article: “Time To Buy Raytheon?” published on September 13, 2018, 247Wallst.com published: “Bezos Rocket Company Wins Engine Supply Contract” on September 27, 2018. More interesting news about Northrop Grumman Corporation (NYSE:NOC) were released by: Bizjournals.com and their article: “Security detail: Why 850+ top secret defense job openings in Orlando pose a challenge for Lockheed, Northrop, Harris …” published on September 05, 2018 as well as Bizjournals.com‘s news article titled: “It’s confirmed: Hundreds of new manufacturing jobs coming to DFW after Boeing wins $9.2B award” with publication date: September 27, 2018.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

Among 9 analysts covering Northrop (NYSE:NOC), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Northrop had 12 analyst reports since April 6, 2018 according to SRatingsIntel. Credit Suisse maintained the shares of NOC in report on Tuesday, May 22 with “Hold” rating. The rating was maintained by Credit Suisse with “Neutral” on Friday, July 27. The company was upgraded on Tuesday, July 31 by Buckingham Research. As per Friday, April 6, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, May 8 by Goldman Sachs. The firm earned “Neutral” rating on Thursday, April 26 by Credit Suisse. The firm has “Buy” rating by Robert W. Baird given on Friday, June 22. Bernstein maintained the stock with “Hold” rating in Thursday, April 26 report. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Equal-Weight” rating by Morgan Stanley on Thursday, April 12. The stock has “Overweight” rating by JP Morgan on Friday, July 27.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart

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