Brookside Capital Management LLC Decreased Its Stake in Northrop Grumman Corp (NOC) by $18.64 Million as Shares Declined

Northrop Grumman Corporation (NYSE:NOC) Corporate LogoDuring 2018 Q2 the big money sentiment increased to 1.01. That’s change of 0.13, from 2018Q1’s 0.88. 53 investors sold all, 273 reduced holdings as NOC ratio improved. 234 rose holdings while 96 funds took holdings. Funds hold 137.09 million shares thus 0.52% less from 2018Q1’s 137.81 million shares. X Limited Liability Corporation holds 3,220 shs or 0.02% of its capital. Nuveen Asset Llc reported 4,025 shs or 0.01% of all its holdings. Brown Brothers Harriman holds 244 shs or 0% of its capital. Schulhoff & Inc reported 2,550 shs. Sigma Planning invested 0.04% in Northrop Grumman Corporation (NYSE:NOC). Town & Country Commercial Bank & Com Dba First Bankers Com, Kentucky-based fund reported 833 shs. Legg Mason Asset Management (Japan), Japan-based fund reported 4,200 shs. Highland Capital Mgmt Limited Liability Corporation accumulated 3,691 shs or 0.09% of the stock. Lmr Ptnrs Ltd Liability Partnership has 0.03% invested in Northrop Grumman Corporation (NYSE:NOC) for 2,019 shs. James Investment, a Ohio-based fund reported 61,913 shs. Palisades Hudson Asset Mngmt Ltd Partnership owns 728 shs for 0.12% of their capital. Mackay Shields Ltd Liability Com owns 46,077 shs for 0.1% of their capital. Renaissance Technology Llc has invested 0.17% in Northrop Grumman Corporation (NYSE:NOC). Bnp Paribas Arbitrage holds 0% of its capital in Northrop Grumman Corporation (NYSE:NOC) for 325,473 shs. Parallax Volatility Advisers LP invested 0% of its capital in Northrop Grumman Corporation (NYSE:NOC).

NOC registered $11.33 million net activity with 0 insider buys and 8 insider sales since July 30, 2018. The insider BUSH WESLEY G sold $2.75M. Antkowiak Patrick M. sold $1.59M worth of Northrop Grumman Corporation (NYSE:NOC) on Monday, September 17. On Monday, August 27 1,065 shs were sold by Kalan Lesley A, worth $319,521. On Wednesday, October 3 a trade for 10,440 shs valued at $3.34M was made by CHESTON SHEILA C.. On Thursday, August 30 Caylor Mark A had sold 4,543 shs worth $1.35M. The insider Perry David T sold $1.33M.

Based on the latest 2018Q2 regulatory filing with the SEC, Brookside Capital Management Llc decreased its holdings in Northrop Grumman Corp (NOC) by 34.52%. The company’s stock sank 7.41% while Brookside Capital Management Llc sold 60,716 shares. The industrial machinery and components company announced $35.44M value for the 2018Q2. Now the hedge fund is holding 115,173 shares, compared to the 175,889 from the previous quarter. $44.71B is the market cap of Northrop Grumman Corp. NOC hit $257.54 during the last trading session after $0.53 change.Northrop Grumman Corporation is uptrending after having risen 12.85% since December 8, 2017. NOC has 1.76M volume or 19.96% up from normal. The stock underperformed the S&P500 by 2.77%.

About $1.48 billion US Long portfolio Brookside Capital Management Llc operates. Its stake in Vertex Pharmaceuticals Inc (NASDAQ:VRTX) was rose by 240,808 shares to 241,408 shares valued at $41.03M in 2018Q2, according to the filing. For a total of 239,176 shares it increased its holding in Mirati Therapeutics Inc (NYSE:MRK) by 236,376 shares in the quarter, and has risen its stake in Autozone Inc (NYSE:AZO).

On January, 24 Northrop Grumman Corporation (NYSE:NOC)’s earnings report is expected by WallStreet, according to Faxor. EPS of $4.36 is 54.61 % up from 2017’s $2.82 EPS. In case of $4.36 EPS NOC’s profit could hit $756.98 million. Last quarter $6.54 EPS was reported. Analysts sees -33.33 % negative EPS growth this quarter.

For more Northrop Grumman Corporation (NYSE:NOC) news brought out briefly go to: Seekingalpha.com, Seekingalpha.com, Twst.com, Investorplace.com or Seekingalpha.com. The titles are as follows: “Northrop Grumman Corporation (NOC) Management Presents at Credit Suisse 6th Annual Industrials Conference (Transcript) – Seeking Alpha” brought out on November 29, 2018, “Northrop Grumman: Irrational Selloff Is Opportunity For Long-Term Investors – Seeking Alpha” on November 20, 2018, “Northrop Grumman Corporation: US Air Force Awards $330 Million E-8C Joint STARS Fleet Total Systems Support Responsibility Contract to Northrop Grumman for FY 2019 – The Wall Street Transcript” with a publish date: November 19, 2018, “7 Aerospace Stocks to Buy That Were Previously Grounded – Investorplace.com” and the last “Northrop Grumman: While There Are Concerns, The Company Remains Strong – Seeking Alpha” with publication date: November 14, 2018.

Northrop Grumman Corporation (NYSE:NOC) Ratings Coverage

In total 8 analysts cover Northrop (NYSE:NOC). “Buy” rating has 5, “Sell” are 0, while 3 are “Hold”. 63% are bullish. 9 are the (NYSE:NOC)’s analyst reports since June 22, 2018 according to StockzIntelligence Inc. The company rating was maintained by Credit Suisse on Friday, July 27. On Friday, June 22 the firm has “Buy” rating given by Robert W. Baird. The company rating was maintained by Jefferies on Tuesday, October 30. In Tuesday, July 31 report Buckingham Research upgraded it to “Buy” rating and $371 target. The stock rating was maintained by Credit Suisse with “Neutral” on Wednesday, June 27. On Wednesday, November 14 Morgan Stanley maintained Northrop Grumman Corporation (NYSE:NOC) with “Equal-Weight” rating. On Friday, July 27 JP Morgan maintained Northrop Grumman Corporation (NYSE:NOC) with “Overweight” rating. On Thursday, October 25 the stock of Northrop Grumman Corporation (NYSE:NOC) earned “Buy” rating by Citigroup.

Northrop Grumman Corporation (NYSE:NOC) Institutional Investors Chart

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