Northrop Grumman (NOC) At $329.99 Forms Top; Carpenter Technology Has 1.26 Sentiment

Carpenter Technology Corporation (NYSE:CRS) Logo

Carpenter Technology Corp (CRS) investors sentiment decreased to 1.26 in 2018 Q1. It’s down -0.03, from 1.29 in 2017Q4. The ratio dropped, as 106 institutional investors started new or increased holdings, while 84 cut down and sold stakes in Carpenter Technology Corp. The institutional investors in our database reported: 43.54 million shares, down from 44.73 million shares in 2017Q4. Also, the number of institutional investors holding Carpenter Technology Corp in top ten holdings was flat from 0 to 0 for the same number . Sold All: 17 Reduced: 67 Increased: 71 New Position: 35.

Northrop Grumman Corporation (NOC) formed multiple top with $356.39 target or 8.00% above today’s $329.99 share price. Northrop Grumman Corporation (NOC) has $57.55B valuation. The stock increased 1.21% or $3.94 during the last trading session, reaching $329.99. About 884,239 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 29.40% since June 3, 2017 and is uptrending. It has outperformed by 16.83% the S&P500.

Analysts await Carpenter Technology Corporation (NYSE:CRS) to report earnings on July, 26. They expect $0.75 earnings per share, up 29.31% or $0.17 from last year’s $0.58 per share. CRS’s profit will be $35.20M for 19.85 P/E if the $0.75 EPS becomes a reality. After $0.60 actual earnings per share reported by Carpenter Technology Corporation for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

The stock decreased 0.65% or $0.39 during the last trading session, reaching $59.55. About 602,808 shares traded or 47.25% up from the average. Carpenter Technology Corporation (CRS) has risen 59.87% since June 3, 2017 and is uptrending. It has outperformed by 47.30% the S&P500.

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company has market cap of $2.80 billion. It operates through two divisions, Specialty Alloys Operations and Performance Engineered Products. It has a 17.54 P/E ratio. The firm develops, makes, and distributes cast/wrought and powder metal stainless steels and special alloys, including iron-nickel-cobalt base, stainless, superior corrosion resistant, and controlled expansion alloys; ultra-high strength and implantable alloys; tools and die steels; and other specialty metals, as well as cast/wrought titanium alloys.

Since January 1, 0001, it had 0 insider purchases, and 9 selling transactions for $5.60 million activity.

Ratings analysis reveals 0 of Carpenter Tech’s analysts are positive. Out of 2 Wall Street analysts rating Carpenter Tech, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $35.0 while the high is $38.0. The stock’s average target of $36.50 is -38.71% below today’s ($59.55) share price. CRS was included in 2 notes of analysts from September 9, 2016. Seaport Global Securities initiated Carpenter Technology Corporation (NYSE:CRS) rating on Friday, September 9. Seaport Global Securities has “Neutral” rating and $38.0 target. Deutsche Bank initiated the stock with “Hold” rating in Monday, December 19 report.

Hillcrest Asset Management Llc holds 1.84% of its portfolio in Carpenter Technology Corporation for 207,498 shares. Halsey Associates Inc Ct owns 141,175 shares or 1.1% of their US portfolio. Moreover, Huber Capital Management Llc has 1% invested in the company for 386,516 shares. The Colorado-based Tributary Capital Management Llc has invested 1% in the stock. Granite Investment Partners Llc, a California-based fund reported 306,759 shares.

Among 20 analysts covering Northrop Grumman (NYSE:NOC), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Northrop Grumman has $41900 highest and $185 lowest target. $346.47’s average target is 4.99% above currents $329.99 stock price. Northrop Grumman had 66 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Wednesday, August 23 with “Hold”. The company was maintained on Thursday, April 26 by Credit Suisse. Deutsche Bank maintained the stock with “Buy” rating in Monday, December 5 report. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, December 16 report. On Friday, October 27 the stock rating was maintained by Bank of America with “Buy”. The firm has “Buy” rating given on Thursday, October 26 by RBC Capital Markets. On Friday, October 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. Cowen & Co maintained Northrop Grumman Corporation (NYSE:NOC) rating on Wednesday, July 26. Cowen & Co has “Hold” rating and $27500 target. The firm has “Buy” rating given on Thursday, August 6 by Argus Research. The stock has “Market Perform” rating by Cowen & Co on Thursday, October 26.

Since February 13, 2018, it had 0 insider buys, and 9 selling transactions for $6.82 million activity. Shares for $1.13 million were sold by Pamiljans Janis G. 3,721 Northrop Grumman Corporation (NYSE:NOC) shares with value of $1.31M were sold by Peppard Denise M.. On Tuesday, February 20 the insider Hardesty Michael A sold $1.03 million.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.10, from 0.98 in 2017Q4. It dropped, as 57 investors sold Northrop Grumman Corporation shares while 306 reduced holdings. 89 funds opened positions while 232 raised stakes. 137.81 million shares or 0.54% more from 137.07 million shares in 2017Q4 were reported. The Washington-based Cornerstone Advsr Inc has invested 0.03% in Northrop Grumman Corporation (NYSE:NOC). Northern Tru has 1.90M shares for 0.17% of their portfolio. Estabrook Cap has 13,391 shares for 0% of their portfolio. Wright Investors Ser holds 7,038 shares or 0.84% of its portfolio. Foster Motley holds 0.34% of its portfolio in Northrop Grumman Corporation (NYSE:NOC) for 6,039 shares. Regions Fincl Corporation stated it has 0.05% in Northrop Grumman Corporation (NYSE:NOC). Rhode Island-based Amica Retiree Med Tru has invested 0.25% in Northrop Grumman Corporation (NYSE:NOC). Reliance Of Delaware accumulated 0.23% or 4,165 shares. Btim Corp accumulated 0.01% or 1,506 shares. Moreover, Geode Capital Llc has 0.23% invested in Northrop Grumman Corporation (NYSE:NOC). Bluestein R H And accumulated 100,264 shares. Envestnet Asset Mgmt owns 9,638 shares for 0.01% of their portfolio. Marble Harbor Investment Counsel Limited Company has invested 0.21% in Northrop Grumman Corporation (NYSE:NOC). Credit Suisse Ag reported 0.1% in Northrop Grumman Corporation (NYSE:NOC). Toronto Dominion Bancorporation owns 108,742 shares for 0.08% of their portfolio.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart