Capital Advantage Lowers stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Capital Advantage reduced its stake in Northrop Grumman Corporation by 2.4% during the most recent quarter end. The investment management company now holds a total of 5,682 shares of Northrop Grumman Corporation which is valued at $1,238,619 after selling 140 shares in Northrop Grumman Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Northrop Grumman Corporation makes up approximately 0.35% of Capital Advantage’s portfolio.

Other Hedge Funds, Including , Sii Investments Incwi boosted its stake in NOC in the latest quarter, The investment management firm added 189 additional shares and now holds a total of 1,585 shares of Northrop Grumman Corporation which is valued at $342,471. Northrop Grumman Corporation makes up approx 0.03% of Sii Investments Incwi’s portfolio.Checchi Capital Advisers boosted its stake in NOC in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 3,735 shares of Northrop Grumman Corporation which is valued at $820,206. Northrop Grumman Corporation makes up approx 0.20% of Checchi Capital Advisers’s portfolio.Catawba Capital Management Va reduced its stake in NOC by selling 19 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 4,640 shares of NOC which is valued at $1,032,632. Northrop Grumman Corporation makes up approx 0.24% of Catawba Capital Management Va’s portfolio.

Northrop Grumman Corporation opened for trading at $217.36 and hit $218.74 on the upside on Wednesday, eventually ending the session at $218.55, with a gain of 0.67% or 1.45 points. The heightened volatility saw the trading volume jump to 10,52,089 shares. Company has a market cap of $39,027 M.

On the company’s financial health, Northrop Grumman Corporation reported $2.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $2.53. The company had revenue of $6000.00 million for the quarter, compared to analysts expectations of $5921.84 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS.

Many Wall Street Analysts have commented on Northrop Grumman Corporation. RBC Capital Mkts Downgraded Northrop Grumman Corporation on May 19, 2016 to ” Sector Perform”, Price Target of the shares are set at $222.

Northrop Grumman Corporation is a global security company. The Company provides systems products and solutions in unmanned systems; cyber; command control communications and computers (C4) intelligence surveillance and reconnaissance (C4ISR); strike aircraft and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems Electronic Systems Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government the Department of Defense (DoD) and intelligence community. The Company also conducts business with local state and foreign Governments and domestic and international commercial customers.

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