Narwhal Capital Management Lowers stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Narwhal Capital Management reduced its stake in Northrop Grumman Corporation by 0.93% during the most recent quarter end. The investment management company now holds a total of 21,320 shares of Northrop Grumman Corporation which is valued at $4,279,990 after selling 200 shares in Northrop Grumman Corporation , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Northrop Grumman Corporation makes up approximately 1.37% of Narwhal Capital Management’s portfolio.

Northrop Grumman Corporation opened for trading at $200.23 and hit $201.6399 on the upside on Friday, eventually ending the session at $200.75, with a gain of 0.38% or 0.75 points. The heightened volatility saw the trading volume jump to 8,53,855 shares. Company has a market cap of $36,324 M.

Other Hedge Funds, Including , First Quadrant L Pca boosted its stake in NOC in the latest quarter, The investment management firm added 135,500 additional shares and now holds a total of 180,500 shares of Northrop Grumman Corporation which is valued at $36,235,375. Northrop Grumman Corporation makes up approx 0.78% of First Quadrant L Pca’s portfolio.Signature Estate Investment Advisors boosted its stake in NOC in the latest quarter, The investment management firm added 253 additional shares and now holds a total of 828 shares of Northrop Grumman Corporation which is valued at $167,157. Northrop Grumman Corporation makes up approx 0.03% of Signature Estate Investment Advisors’s portfolio.Blue Fin Capital reduced its stake in NOC by selling 660 shares or 27.1% in the most recent quarter. The Hedge Fund company now holds 1,775 shares of NOC which is valued at $358,337. Northrop Grumman Corporation makes up approx 0.30% of Blue Fin Capital’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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