Healthcare of Ontario Pension Plan Trust Fund Raises Stock Holdings in Northrop Grumman Co. (NYSE:NOC)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Northrop Grumman Co. (NYSE:NOC) by 4,253.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 98,128 shares of the aerospace company’s stock after buying an additional 95,874 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Northrop Grumman were worth $35,341,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Northrop Grumman during the 2nd quarter valued at about $28,000. Tompkins Financial Corp purchased a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $32,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $33,000. Strategic Asset Management LLC purchased a new stake in Northrop Grumman in the 3rd quarter worth approximately $38,000. Finally, Canton Hathaway LLC acquired a new position in shares of Northrop Grumman in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 82.06% of the company’s stock.

NOC stock opened at $397.61 on Friday. Northrop Grumman Co. has a 52-week low of $282.88 and a 52-week high of $408.03. The company’s 50 day simple moving average is $372.37 and its 200-day simple moving average is $368.83. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.47 and a quick ratio of 1.37. The firm has a market capitalization of $63.04 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.79 and a beta of 0.84.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Thursday, October 28th. The aerospace company reported $6.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.93 by $0.70. Northrop Grumman had a net margin of 12.42% and a return on equity of 39.17%. The business had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.94 billion. During the same quarter in the previous year, the business earned $5.89 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts predict that Northrop Grumman Co. will post 25.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Monday, November 29th were paid a $1.57 dividend. The ex-dividend date was Friday, November 26th. This represents a $6.28 annualized dividend and a yield of 1.58%. Northrop Grumman’s dividend payout ratio is presently 22.07%.

Several equities research analysts recently issued reports on NOC shares. Jefferies Financial Group downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating and set a $410.00 price target on the stock. in a research note on Wednesday, January 5th. Susquehanna Bancshares lowered their price objective on shares of Northrop Grumman from $424.00 to $416.00 and set a “positive” rating for the company in a research report on Friday, October 29th. UBS Group lowered their price objective on shares of Northrop Grumman from $380.00 to $350.00 and set a “neutral” rating for the company in a research report on Friday, October 29th. Wells Fargo & Company raised shares of Northrop Grumman from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $335.00 to $399.00 in a research report on Monday. Finally, The Goldman Sachs Group raised shares of Northrop Grumman from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a research report on Thursday, September 23rd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Northrop Grumman has an average rating of “Buy” and a consensus target price of $404.75.

In other Northrop Grumman news, VP Mark A. Caylor sold 427 shares of the company’s stock in a transaction that occurred on Wednesday, December 8th. The shares were sold at an average price of $363.54, for a total value of $155,231.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Karl J. Krapek sold 2,800 shares of the company’s stock in a transaction that occurred on Thursday, November 11th. The shares were sold at an average price of $357.25, for a total transaction of $1,000,300.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Northrop Grumman Profile

Northrop Grumman Corp. is an aerospace and defense company, which engages in the provision of security businesses. It creates and delivers platforms, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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