Public Employees Retirement System of Ohio Has $32.20 Million Holdings in Northrop Grumman Co. (NOC)

Public Employees Retirement System of Ohio grew its holdings in shares of Northrop Grumman Co. (NYSE:NOC) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,923 shares of the aerospace company’s stock after purchasing an additional 859 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of Northrop Grumman worth $32,202,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Salem Investment Counselors Inc. grew its position in shares of Northrop Grumman by 1.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 812 shares of the aerospace company’s stock worth $208,000 after purchasing an additional 10 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Northrop Grumman by 0.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,278 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 10 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Northrop Grumman by 0.5% during the 2nd quarter. Parallel Advisors LLC now owns 3,013 shares of the aerospace company’s stock worth $793,000 after purchasing an additional 16 shares in the last quarter. Ray Gerald L & Associates Ltd. lifted its holdings in shares of Northrop Grumman by 1.6% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 1,236 shares of the aerospace company’s stock worth $317,000 after acquiring an additional 20 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Northrop Grumman by 3.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 868 shares of the aerospace company’s stock worth $223,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 81.33% of the company’s stock.

NOC has been the subject of a number of recent analyst reports. Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a $309.00 price target on shares of Northrop Grumman in a report on Wednesday, August 23rd. Cowen reaffirmed a “hold” rating and set a $275.00 price target on shares of Northrop Grumman in a report on Thursday, August 24th. Royal Bank of Canada set a $294.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Finally, Vertical Research reaffirmed a “buy” rating and set a $296.00 price target (up previously from $280.00) on shares of Northrop Grumman in a report on Wednesday, September 20th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Northrop Grumman has a consensus rating of “Buy” and an average target price of $298.67.

In related news, COO Gloria A. Flach sold 7,741 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were 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 $22,885,940. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Denise M. Peppard sold 2,328 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the transaction, the vice president now directly owns 28,553 shares of the company’s stock, valued at $8,590,455.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,417 shares of company stock valued at $6,365,189. 0.70% of the stock is currently owned by insiders.

Northrop Grumman Co. (NYSE NOC) opened at $310.47 on Friday. Northrop Grumman Co. has a 52 week low of $223.88 and a 52 week high of $311.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05. The company has a market cap of $53,426.43, a P/E ratio of 23.39, a P/E/G ratio of 3.09 and a beta of 0.69.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.76. Northrop Grumman had a net margin of 9.24% and a return on equity of 39.76%. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the firm posted $3.35 earnings per share. Northrop Grumman’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts expect that Northrop Grumman Co. will post 13.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Monday, December 4th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, December 1st. Northrop Grumman’s dividend payout ratio (DPR) is presently 29.81%.

COPYRIGHT VIOLATION NOTICE: “Public Employees Retirement System of Ohio Has $32.20 Million Holdings in Northrop Grumman Co. (NOC)” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://sportsperspectives.com/2017/12/16/public-employees-retirement-system-of-ohio-has-32-20-million-holdings-in-northrop-grumman-co-noc.html.

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.

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

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply