Bank of Montreal Can decreased its stake in Northrop Grumman Co. (NYSE:NOC) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 279,581 shares of the aerospace company’s stock after selling 4,886 shares during the quarter. Bank of Montreal Can owned 0.16% of Northrop Grumman worth $85,807,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in NOC. Hanseatic Management Services Inc. raised its position in shares of Northrop Grumman by 12.8% during the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after purchasing an additional 48 shares during the period. People s United Financial Inc. raised its position in shares of Northrop Grumman by 9.2% during the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 40 shares during the period. Ropes Wealth Advisors LLC acquired a new stake in shares of Northrop Grumman during the third quarter worth about $144,000. Quadrant Capital Group LLC raised its position in shares of Northrop Grumman by 7.8% during the second quarter. Quadrant Capital Group LLC now owns 636 shares of the aerospace company’s stock worth $147,000 after purchasing an additional 46 shares during the period. Finally, WFG Advisors LP raised its position in shares of Northrop Grumman by 4.9% during the second quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 28 shares during the period. 81.22% of the stock is currently owned by hedge funds and other institutional investors.
Northrop Grumman Co. (NOC) opened at $317.51 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $55,270.00, a PE ratio of 23.66, a P/E/G ratio of 2.85 and a beta of 0.69. Northrop Grumman Co. has a fifty-two week low of $223.88 and a fifty-two week high of $318.70.
Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. Northrop Grumman’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $3.35 earnings per share. analysts anticipate that Northrop Grumman Co. will post 13.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Monday, December 4th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.26%. Northrop Grumman’s payout ratio is presently 29.81%.
NOC has been the topic of a number of research analyst reports. Cowen reaffirmed a “hold” rating and set a $300.00 price target (up previously from $275.00) on shares of Northrop Grumman in a research report on Thursday, October 26th. Royal Bank of Canada set a $374.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Thursday, November 16th. Bank of America set a $350.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Friday, October 27th. Goldman Sachs Group set a $320.00 price target on Northrop Grumman and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research lowered Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $302.21.
In related news, VP Sid Ashworth sold 6,311 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the completion of the transaction, the vice president now directly owns 63,147 shares in the company, valued at $18,817,806. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Denise M. Peppard sold 5,037 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total value of $1,489,289.79. Following the transaction, the vice president now owns 58,186 shares of the company’s stock, valued at $17,203,854.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,417 shares of company stock valued at $6,365,189. 0.70% of the stock is owned by corporate insiders.
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Northrop Grumman Company Profile
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.
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