Northrop Grumman Corporation (NOC) Shares Bought by ING Groep NV

ING Groep NV raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 53.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,155 shares of the company’s stock after buying an additional 3,526 shares during the period. ING Groep NV’s holdings in Northrop Grumman Corporation were worth $2,362,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NOC. MV Capital Management Inc. boosted its stake in shares of Northrop Grumman Corporation by 0.3% in the third quarter. MV Capital Management Inc. now owns 618 shares of the company’s stock worth $132,000 after buying an additional 2 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Northrop Grumman Corporation by 0.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 830 shares of the company’s stock worth $178,000 after buying an additional 3 shares in the last quarter. Thompson Davis & CO. Inc. boosted its stake in shares of Northrop Grumman Corporation by 2.1% in the third quarter. Thompson Davis & CO. Inc. now owns 544 shares of the company’s stock worth $116,000 after buying an additional 11 shares in the last quarter. Pegasus Partners Ltd. boosted its stake in shares of Northrop Grumman Corporation by 0.3% in the third quarter. Pegasus Partners Ltd. now owns 4,018 shares of the company’s stock worth $860,000 after buying an additional 13 shares in the last quarter. Finally, Ancora Inverness LLC boosted its stake in shares of Northrop Grumman Corporation by 1.0% in the third quarter. Ancora Inverness LLC now owns 1,886 shares of the company’s stock worth $404,000 after buying an additional 18 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

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

Shares of Northrop Grumman Corporation (NYSE:NOC) opened at 239.62 on Wednesday. Northrop Grumman Corporation has a one year low of $184.45 and a one year high of $253.80. The company has a 50-day moving average of $232.49 and a 200 day moving average of $226.85. The stock has a market cap of $41.84 billion, a price-to-earnings ratio of 19.66 and a beta of 0.69.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Thursday, January 26th. The company reported $2.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.47. The business earned $6.40 billion during the quarter, compared to the consensus estimate of $5.92 billion. Northrop Grumman Corporation had a return on equity of 35.74% and a net margin of 8.98%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.49 earnings per share. On average, equities analysts forecast that Northrop Grumman Corporation will post $11.89 earnings per share for the current fiscal year.

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A number of analysts have commented on the stock. Vertical Research assumed coverage on shares of Northrop Grumman Corporation in a report on Friday, October 28th. They set a “hold” rating for the company. Vetr upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $251.85 target price for the company in a report on Thursday, December 8th. RBC Capital Markets assumed coverage on shares of Northrop Grumman Corporation in a report on Wednesday, January 11th. They issued an “outperform” rating and a $268.00 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $260.00 price target (up previously from $250.00) on shares of Northrop Grumman Corporation in a research note on Friday, October 28th. Finally, Royal Bank Of Canada assumed coverage on shares of Northrop Grumman Corporation in a research note on Thursday, January 12th. They issued an “outperform” rating and a $268.00 price target on the stock. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Northrop Grumman Corporation has an average rating of “Buy” and an average target price of $248.32.

In related news, VP Christopher T. Jones sold 240 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $248.85, for a total transaction of $59,724.00. Following the completion of the sale, the vice president now directly owns 47,060 shares of the company’s stock, valued at $11,710,881. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kenneth L. Bedingfield sold 125 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $234.38, for a total value of $29,297.50. Following the sale, the chief financial officer now directly owns 18,126 shares of the company’s stock, valued at $4,248,371.88. The disclosure for this sale can be found here. Insiders sold 1,098 shares of company stock valued at $260,548 over the last three months. Corporate insiders own 0.90% of the company’s stock.

About Northrop Grumman Corporation

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

5 Day Chart for NYSE:NOC

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