Biltmore Wealth Management Lowers stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Biltmore Wealth Management reduced its stake in Northrop Grumman Corporation by 4.38% during the most recent quarter end. The investment management company now holds a total of 6,500 shares of Northrop Grumman Corporation which is valued at $1,312,220 after selling 298 shares in Northrop Grumman Corporation , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Northrop Grumman Corporation makes up approximately 1.10% of Biltmore Wealth Management’s portfolio.

Northrop Grumman Corporation opened for trading at $202 and hit $202.88 on the upside on Monday, eventually ending the session at $202.79, with a gain of 0.45% or 0.91 points. The heightened volatility saw the trading volume jump to 6,64,575 shares. Company has a market cap of $36,693 M.

Other Hedge Funds, Including , Alpha Windward reduced its stake in NOC by selling 63 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 1,571 shares of NOC which is valued at $317,153. Northrop Grumman Corporation makes up approx 0.23% of Alpha Windward’s portfolio. Integrated Investment Consultants added NOC to its portfolio by purchasing 645 company shares during the most recent quarter which is valued at $130,213. Northrop Grumman Corporation makes up approx 0.07% of Integrated Investment Consultants’s portfolio. Livforsakringsbolaget Skandia Omsesidigt added NOC to its portfolio by purchasing 14,600 company shares during the most recent quarter which is valued at $2,947,448. Northrop Grumman Corporation makes up approx 0.14% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Charter Trust Co reduced its stake in NOC by selling 30 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 4,387 shares of NOC which is valued at $875,250. Northrop Grumman Corporation makes up approx 0.11% of Charter Trust Co’s portfolio.Catawba Capital Management Va reduced its stake in NOC by selling 20 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 4,659 shares of NOC which is valued at $929,517. Northrop Grumman Corporation makes up approx 0.24% of Catawba Capital Management Va’s portfolio.

On the company’s financial health, Northrop Grumman Corporation reported $2.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.48 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $2.01. The company had revenue of $5694.00 million for the quarter, compared to analysts expectations of $5930.10 million. The company’s revenue was down -6.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.48 EPS.

Many Wall Street Analysts have commented on Northrop Grumman Corporation. Northrop Grumman Corporation was Initiated by Guggenheim to “Buy” on Apr 5, 2016. Company shares were Reiterated by Barclays on Feb 16, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 189 from a previous price target of $187 .Northrop Grumman Corporation was Upgraded by BofA/Merrill to ” Buy” on Feb 1, 2016.

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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