Wespac Advisors Lowers stake in Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Wespac Advisors reduced its stake in Northrop Grumman Corporation by 27.94% during the most recent quarter end. The investment management company now holds a total of 8,707 shares of Northrop Grumman Corporation which is valued at $1,795,906 after selling 3,376 shares in Northrop Grumman Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Northrop Grumman Corporation makes up approximately 2.23% of Wespac Advisors’s portfolio.

Northrop Grumman Corporation opened for trading at $206.87 and hit $208.63 on the upside on Monday, eventually ending the session at $208.31, with a gain of 0.99% or 2.05 points. The heightened volatility saw the trading volume jump to 10,39,846 shares. Company has a market cap of $37,590 M.

Other Hedge Funds, Including , James Investment Research Inc boosted its stake in NOC in the latest quarter, The investment management firm added 28,502 additional shares and now holds a total of 555,688 shares of Northrop Grumman Corporation which is valued at $114,616,207. Northrop Grumman Corporation makes up approx 2.83% of James Investment Research Inc’s portfolio.Gateway Investment Advisers reduced its stake in NOC by selling 6,495 shares or 13.18% in the most recent quarter. The Hedge Fund company now holds 42,799 shares of NOC which is valued at $8,591,899. Northrop Grumman Corporation makes up approx 0.07% of Gateway Investment Advisers’s portfolio.Biltmore Wealth Management reduced its stake in NOC by selling 298 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 6,500 shares of NOC which is valued at $1,312,220. Northrop Grumman Corporation makes up approx 1.10% of Biltmore Wealth Management’s portfolio.Churchill Management Corp boosted its stake in NOC in the latest quarter, The investment management firm added 11,032 additional shares and now holds a total of 25,301 shares of Northrop Grumman Corporation which is valued at $5,107,766. Northrop Grumman Corporation makes up approx 0.36% of Churchill Management Corp’s portfolio.

On the company’s financial health, Northrop Grumman Corporation reported $2.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $2.49. The company had revenue of $5956.00 million for the quarter, compared to analysts expectations of $5930.48 million. During the same quarter in the previous year, the company posted $2.41 EPS.

Many Wall Street Analysts have commented on Northrop Grumman Corporation. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 200 from a previous price target of $189 .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 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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