Rothschild Asset Management Inc Increased Northrop Grumman Corp (NYSE:NOC) by $20.68 Million as Shares Rose

Rothschild Asset Management Inc increased its stake in Northrop Grumman Corp (NYSE:NOC) by 93.11% based on its latest Q4 2015 regulatory filing with the SEC. Rothschild Asset Management Inc bought 110,021 shares as the company’s stock rose 13.93% with the market. The institutional investor held 228,188 shares of the industrial machinery and components company at the end of Q4, valued at $43.08 million, up from 118,167 at the end of the previous reported quarter. Rothschild Asset Management Inc who had been investing in Northrop Grumman Corp since many months, is probably bullish the $32.32B market cap company. The stock decreased 1.45% or $2.66 on February 12, hitting $181.25. Northrop Grumman Corporation (NYSE:NOC) has risen 9.60% since July 10, 2015 and is uptrending. It has outperformed by 19.80% the S&P500.

Rothschild Asset Management Inc, which manages about $4.79 billion and $5.49 billion US Long portfolio, decreased its stake in Haemonetics Corp (NYSE:HAE) by 341,399 shares to 94,315 shares, valued at $3.04 million in Q4, according to the filing. It also reduced its holding in Lyondellbasell Industries N (NYSE:LYB) by 166,890 shares in the quarter, leaving it with 188,549 shares, and cut its stake in Mallinckrodt Pub Ltd Co (NYSE:MNK).

Rothschild Asset Management Inc is a New York-based institutional investor with more than $4.79 billion AUM in June, 2014. Taken from Rothschild Asset Management latest Adv, the fund reported to have 37 full and part-time employees. Among which 18 performing investment advisory and research functions. The institutional investor had more than 1600 clients.

The institutional sentiment decreased to 0.74 in 2015 Q3. Its down 0.06, from 0.8 in 2015Q2. The ratio worsened, as 36 funds sold all NOC shares owned while 296 reduced positions. 62 funds bought stakes while 185 increased positions. They now own 139.81 million shares or 11.30% less from 157.62 million shares in 2015Q2.

Marvin & Palmer Associates Inc holds 3.14% of its portfolio in NOC for 15,825 shares. Tide Point Capital Management Lp owns 150,000 shares or 3.02% of their US portfolio. Moreover, Campbell Newman Asset Management Inc has 3% invested in the company for 79,562 shares. The Hawaii-based Cadinha & Co Llc has invested 2.78% in the stock. O'Shaughnessy Asset Management Llc, a Connecticut-based fund reported 781,119 shares.

Since March 9, 2015, the stock had 0 insider buys, and 1 insider sale for $337,156 net activity. Jones Christopher T sold 2,000 shares worth $337,156. Bush Wesley G sold 30,000 shares worth $5.16 million. Hardesty Michael A sold 385 shares worth $61,735. Antkowiak Patrick M. sold 4,009 shares worth $635,266. The insider Bedingfield Kenneth L sold 2,450 shares worth $380,681.

Out of 14 analysts covering Northrop Grumman (NYSE:NOC), 8 rate it “Buy”, 0 “Sell”, while 10 “Hold”. This means 44% are positive. $222 is the highest target while $176 is the lowest. The $203.21 average target is 12.62% above today’s ($181.25) stock price. Northrop Grumman was the topic in 16 analyst reports since July 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on January 29 with “Outperform” rating.

Northrop Grumman Corporation is a global security company. The company has a market cap of $32.32 billion. The Firm provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers , intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to government and commercial clients across the world. It has 17.44 P/E ratio. The Firm operates through four divisions: Aerospace Systems, Electronic Systems, Information Systems and Technical Services.

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