Bank of Montreal Can Has $85.81 Million Holdings in Northrop Grumman Co. (NOC)

Bank of Montreal Can trimmed its stake in Northrop Grumman Co. (NYSE:NOC) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,581 shares of the aerospace company’s stock after selling 4,886 shares during the quarter. Bank of Montreal Can’s holdings in Northrop Grumman were worth $85,807,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Salem Investment Counselors Inc. grew its stake in Northrop Grumman by 1.2% in the second quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock valued at $208,000 after purchasing an additional 10 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Northrop Grumman by 0.8% in the second quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock valued at $328,000 after buying an additional 10 shares during the last quarter. WFG Advisors LP lifted its position in shares of Northrop Grumman by 4.9% in the second quarter. WFG Advisors LP now owns 594 shares of the aerospace company’s stock valued at $152,000 after buying an additional 28 shares during the last quarter. Bank of Hawaii lifted its position in shares of Northrop Grumman by 0.9% in the second quarter. Bank of Hawaii now owns 3,488 shares of the aerospace company’s stock valued at $895,000 after buying an additional 30 shares during the last quarter. Finally, Mariner Wealth Advisors LLC lifted its position in shares of Northrop Grumman by 1.0% in the second quarter. Mariner Wealth Advisors LLC now owns 3,636 shares of the aerospace company’s stock valued at $933,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

A number of analysts have recently issued reports on NOC shares. Vertical Research reaffirmed a “buy” rating and issued a $296.00 price objective (up from $280.00) on shares of Northrop Grumman in a research report on Wednesday, September 20th. Zacks Investment Research raised Northrop Grumman from a “hold” rating to a “buy” rating and set a $309.00 price objective for the company in a research report on Wednesday, September 20th. Goldman Sachs Group set a $320.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Thursday, October 26th. Deutsche Bank reaffirmed a “buy” rating and issued a $325.00 price objective (up from $285.00) on shares of Northrop Grumman in a research report on Monday, October 2nd. Finally, Bank of America set a $350.00 price objective on Northrop Grumman and gave the company a “buy” rating in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $302.21.

Shares of Northrop Grumman Co. (NYSE:NOC) opened at $317.51 on Thursday. The firm has a market capitalization of $55,270.00, a P/E ratio of 23.66, a P/E/G ratio of 2.85 and a beta of 0.69. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21. 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 released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman had a return on equity of 39.76% and a net margin of 9.24%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $3.35 EPS. analysts predict that Northrop Grumman Co. will post 13.19 earnings per share for the current year.

The company also recently declared 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 annualized dividend and a yield of 1.26%. Northrop Grumman’s payout ratio is currently 29.81%.

In other Northrop Grumman news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction on Monday, November 13th. The stock was sold at an average price of $296.45, for a total value of $2,294,819.45. Following the completion of the transaction, the chief operating officer now directly owns 77,200 shares of the company’s stock, valued at approximately $22,885,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sid Ashworth sold 6,311 shares of Northrop Grumman stock in a transaction on Friday, October 27th. The shares were sold at an average price of $298.00, for a total value of $1,880,678.00. Following the completion of the transaction, the vice president now directly owns 63,147 shares of the company’s stock, valued at $18,817,806. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,417 shares of company stock valued at $6,365,189. 0.70% of the stock is currently owned by insiders.

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

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