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

Northrop Grumman Corporation (NOC) : Canal Capital Management reduced its stake in Northrop Grumman Corporation by 0.43% during the most recent quarter end. The investment management company now holds a total of 6,296 shares of Northrop Grumman Corporation which is valued at $1,372,465 after selling 27 shares in Northrop Grumman Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Northrop Grumman Corporation makes up approximately 1.40% of Canal Capital Management’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in NOC in the latest quarter, The investment management firm added 13,746 additional shares and now holds a total of 30,125 shares of Northrop Grumman Corporation which is valued at $6,566,949. Northrop Grumman Corporation makes up approx 0.15% of Norinchukin Bank The’s portfolio.Cowen Prime Services reduced its stake in NOC by selling 100 shares or 18.18% in the most recent quarter. The Hedge Fund company now holds 450 shares of NOC which is valued at $98,528. Northrop Grumman Corporation makes up approx 0.05% of Cowen Prime Services’s portfolio.Quadrant Capital Group boosted its stake in NOC in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 501 shares of Northrop Grumman Corporation which is valued at $108,532. Northrop Grumman Corporation makes up approx 0.07% of Quadrant Capital Group’s portfolio.First National Trust Co reduced its stake in NOC by selling 105 shares or 6.22% in the most recent quarter. The Hedge Fund company now holds 1,582 shares of NOC which is valued at $344,575. Northrop Grumman Corporation makes up approx 0.05% of First National Trust Co’s portfolio. Trust Co Of Toledo Na Oh added NOC to its portfolio by purchasing 957 company shares during the most recent quarter which is valued at $208,444. Northrop Grumman Corporation makes up approx 0.06% of Trust Co Of Toledo Na Oh’s portfolio.

Northrop Grumman Corporation opened for trading at $218.12 and hit $220.5175 on the upside on Monday, eventually ending the session at $219.81, with a gain of 0.73% or 1.6 points. The heightened volatility saw the trading volume jump to 6,87,884 shares. Company has a market cap of $39,252 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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