OMERS ADMINISTRATION Corp Has $2.80 Million Stock Position in Northrop Grumman Co. (NYSE:NOC)

OMERS ADMINISTRATION Corp increased its position in shares of Northrop Grumman Co. (NYSE:NOC) by 20.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,975 shares of the aerospace company’s stock after acquiring an additional 1,012 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Northrop Grumman were worth $2,804,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter valued at $31,000. Albion Financial Group UT acquired a new position in Northrop Grumman during the fourth quarter valued at $33,000. Bellwether Advisors LLC purchased a new stake in Northrop Grumman in the 4th quarter worth about $33,000. Stonebridge Financial Group LLC acquired a new stake in Northrop Grumman during the 4th quarter worth about $42,000. Finally, Rakuten Securities Inc. grew its stake in Northrop Grumman by 291.7% during the 4th quarter. Rakuten Securities Inc. now owns 94 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NOC shares. The Goldman Sachs Group raised shares of Northrop Grumman from a “sell” rating to a “neutral” rating and increased their price target for the stock from $424.00 to $521.00 in a research report on Friday, April 11th. Citigroup increased their target price on shares of Northrop Grumman from $587.00 to $591.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Morgan Stanley boosted their price target on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, April 16th. Wells Fargo & Company set a $525.00 price target on shares of Northrop Grumman and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Finally, UBS Group reduced their price objective on Northrop Grumman from $583.00 to $571.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and a consensus target price of $545.31.

Northrop Grumman Trading Down 2.9%

Shares of NOC stock opened at $457.12 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $497.49 and its two-hundred day moving average is $486.29. The company has a market cap of $65.79 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 3.73 and a beta of 0.15. Northrop Grumman Co. has a 12 month low of $418.60 and a 12 month high of $555.57.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.27). The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $10.07 billion. Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. Equities analysts predict that Northrop Grumman Co. will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were paid a dividend of $2.06 per share. The ex-dividend date was Monday, March 3rd. This represents a $8.24 annualized dividend and a yield of 1.80%. Northrop Grumman’s payout ratio is 32.52%.

Insider Buying and Selling at Northrop Grumman

In other news, CEO Kathy J. Warden sold 3,750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $475.65, for a total value of $1,783,687.50. Following the completion of the sale, the chief executive officer now directly owns 212,852 shares of the company’s stock, valued at approximately $101,243,053.80. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Benjamin R. Davies sold 464 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $460.75, for a total transaction of $213,788.00. Following the transaction, the vice president now directly owns 245 shares in the company, valued at $112,883.75. This trade represents a 65.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,505 shares of company stock valued at $2,127,632 in the last 90 days. 0.23% of the stock is currently owned by insiders.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.