Bank of Montreal Can Has $122.08 Million Holdings in Northrop Grumman Co. (NYSE:NOC)

Bank of Montreal Can lifted its position in Northrop Grumman Co. (NYSE:NOC) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 231,736 shares of the aerospace company’s stock after buying an additional 9,723 shares during the quarter. Bank of Montreal Can’s holdings in Northrop Grumman were worth $122,076,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NOC. DRW Securities LLC grew its position in Northrop Grumman by 92.7% during the 3rd quarter. DRW Securities LLC now owns 2,071 shares of the aerospace company’s stock worth $1,094,000 after purchasing an additional 996 shares in the last quarter. Fisher Asset Management LLC raised its position in Northrop Grumman by 2.6% during the third quarter. Fisher Asset Management LLC now owns 212,514 shares of the aerospace company’s stock valued at $112,222,000 after buying an additional 5,334 shares during the period. Daiwa Securities Group Inc. lifted its stake in Northrop Grumman by 11.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 16,994 shares of the aerospace company’s stock worth $8,974,000 after acquiring an additional 1,747 shares in the last quarter. Marco Investment Management LLC boosted its position in Northrop Grumman by 1.2% during the 3rd quarter. Marco Investment Management LLC now owns 16,450 shares of the aerospace company’s stock worth $8,687,000 after acquiring an additional 200 shares during the period. Finally, Summit Trail Advisors LLC grew its stake in Northrop Grumman by 3.6% during the 3rd quarter. Summit Trail Advisors LLC now owns 927 shares of the aerospace company’s stock valued at $490,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NOC shares. Wells Fargo & Company raised their price target on shares of Northrop Grumman from $509.00 to $565.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Susquehanna lifted their target price on shares of Northrop Grumman from $560.00 to $625.00 and gave the company a “positive” rating in a research note on Friday, October 25th. TD Cowen raised shares of Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. Alembic Global Advisors cut Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research report on Tuesday, August 27th. Finally, Barclays boosted their target price on Northrop Grumman from $500.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $550.56.

Northrop Grumman Stock Up 0.7 %

Northrop Grumman stock opened at $488.43 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.09 and a quick ratio of 0.97. Northrop Grumman Co. has a fifty-two week low of $418.60 and a fifty-two week high of $555.57. The firm has a fifty day moving average price of $519.22 and a two-hundred day moving average price of $487.12. The firm has a market cap of $71.16 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 0.98 and a beta of 0.35.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Thursday, October 24th. The aerospace company reported $7.00 earnings per share for the quarter, beating the consensus estimate of $6.07 by $0.93. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.18 billion. Northrop Grumman had a return on equity of 26.57% and a net margin of 5.79%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.18 EPS. As a group, analysts forecast that Northrop Grumman Co. will post 25.93 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, December 2nd will be given a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, December 2nd. Northrop Grumman’s dividend payout ratio (DPR) is currently 51.05%.

Insider Buying and Selling

In related news, VP Benjamin R. Davies sold 1,156 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the transaction, the vice president now directly owns 537 shares in the company, valued at $286,183.41. The trade was a 68.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 1,289 shares of company stock valued at $685,273. 0.22% of the stock is owned by company insiders.

Northrop Grumman Profile

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.