Healthcare of Ontario Pension Plan Trust Fund Buys 95,874 Shares of Northrop Grumman Co. (NYSE:NOC)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Northrop Grumman Co. (NYSE:NOC) by 4,253.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,128 shares of the aerospace company’s stock after acquiring an additional 95,874 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of Northrop Grumman worth $35,341,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NOC. RPg Family Wealth Advisory LLC bought a new stake in Northrop Grumman during the 2nd quarter worth approximately $28,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Northrop Grumman during the 2nd quarter worth approximately $33,000. Tompkins Financial Corp bought a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $32,000. Strategic Asset Management LLC bought a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $38,000. Finally, Canton Hathaway LLC acquired a new stake in Northrop Grumman during the 3rd quarter valued at $40,000. 82.06% of the stock is owned by institutional investors.

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

NOC has been the subject of a number of analyst reports. Wolfe Research downgraded Northrop Grumman from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. Zacks Investment Research upgraded Northrop Grumman from a “hold” rating to a “buy” rating and set a $392.00 target price on the stock in a report on Wednesday, October 6th. UBS Group reduced their target price on Northrop Grumman from $380.00 to $350.00 and set a “neutral” rating on the stock in a report on Friday, October 29th. The Goldman Sachs Group upgraded Northrop Grumman from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a report on Thursday, September 23rd. Finally, Susquehanna Bancshares cut their price target on Northrop Grumman from $424.00 to $416.00 and set a “positive” rating on the stock in a report on Friday, October 29th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $404.75.

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

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, October 28th. The aerospace company reported $6.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.93 by $0.70. The business had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.94 billion. Northrop Grumman had a return on equity of 39.17% and a net margin of 12.42%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.89 EPS. As a group, analysts forecast that Northrop Grumman Co. will post 25.57 earnings per share for the current 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 of this dividend 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%.

Northrop Grumman Company 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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