Sompo Japan Nipponkoa Asset Management CO. LTD. Buys New Holdings in Northrop Grumman Corporation (NOC)

Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new stake in Northrop Grumman Corporation (NYSE:NOC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,581 shares of the aerospace company’s stock, valued at approximately $6,497,000.

Several other large investors have also made changes to their positions in NOC. Hanseatic Management Services Inc. raised its holdings in shares of Northrop Grumman by 12.8% in the second quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after buying an additional 48 shares during the last quarter. First Personal Financial Services raised its holdings in shares of Northrop Grumman by 39.0% in the second quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after buying an additional 121 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of Northrop Grumman by 28.6% in the second quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after buying an additional 100 shares during the last quarter. People s United Financial Inc. raised its holdings in shares of Northrop Grumman by 9.2% in the second quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after buying an additional 40 shares during the last quarter. Finally, Ropes Wealth Advisors LLC purchased a new stake in shares of Northrop Grumman in the third quarter valued at about $144,000. 81.33% of the stock is owned by institutional investors and hedge funds.

Shares of Northrop Grumman Corporation (NYSE NOC) traded down $7.77 on Monday, reaching $299.63. 1,097,200 shares of the company’s stock traded hands, compared to its average volume of 781,450. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. Northrop Grumman Corporation has a one year low of $220.72 and a one year high of $309.76. The firm has a market capitalization of $52,159.14, a price-to-earnings ratio of 22.84, a P/E/G ratio of 3.01 and a beta of 0.69.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.76. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the business posted $3.35 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. sell-side analysts predict that Northrop Grumman Corporation will post 13.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $4.00 annualized dividend and a yield of 1.33%. Northrop Grumman’s payout ratio is currently 29.81%.

In other Northrop Grumman news, COO Gloria A. Flach sold 7,741 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the transaction, the chief operating officer now directly owns 77,200 shares in the company, valued at $22,885,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Denise M. Peppard sold 5,037 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the transaction, the vice president now owns 58,186 shares in the company, valued at $17,203,854.62. The disclosure for this sale can be found here. Insiders have sold 21,417 shares of company stock worth $6,365,189 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Northrop Grumman in a report on Tuesday, August 8th. They issued an “equal weight” rating and a $279.00 target price for the company. BidaskClub raised shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group reissued a “hold” rating and set a $269.00 price target on shares of Northrop Grumman in a report on Friday, September 29th. Cowen reissued a “hold” rating and set a $310.00 price target on shares of Northrop Grumman in a report on Wednesday, November 22nd. Finally, Vertical Research reissued a “buy” rating and set a $296.00 price target (up from $280.00) on shares of Northrop Grumman in a report on Wednesday, September 20th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $294.65.

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Northrop Grumman Company 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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