Intact Investment Management Inc. Invests $657,000 in Northrop Grumman Co. (NOC)

Intact Investment Management Inc. purchased a new position in Northrop Grumman Co. (NYSE:NOC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,070 shares of the aerospace company’s stock, valued at approximately $657,000.

Several other large investors have also bought and sold shares of NOC. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Northrop Grumman in the second quarter worth about $114,000. Meeder Asset Management Inc. purchased a new position in shares of Northrop Grumman in the second quarter worth about $115,000. Fort L.P. purchased a new position in shares of Northrop Grumman in the second quarter worth about $117,000. WESPAC Advisors SoCal LLC purchased a new position in shares of Northrop Grumman in the third quarter worth about $126,000. Finally, Kaizen Advisory LLC lifted its stake in shares of Northrop Grumman by 156.2% in the second quarter. Kaizen Advisory LLC now owns 433 shares of the aerospace company’s stock worth $133,000 after buying an additional 264 shares in the last quarter. 81.69% of the stock is currently owned by hedge funds and other institutional investors.

In other Northrop Grumman news, VP Lesley A. Kalan sold 1,065 shares of Northrop Grumman stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $300.02, for a total transaction of $319,521.30. Following the completion of the sale, the vice president now directly owns 13,656 shares in the company, valued at $4,097,073.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Wesley G. Bush sold 20,000 shares of Northrop Grumman stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $297.91, for a total transaction of $5,958,200.00. Following the sale, the chairman now owns 18,701 shares of the company’s stock, valued at $5,571,214.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,185 shares of company stock valued at $12,562,307. 0.62% of the stock is owned by company insiders.



Several research firms have recently weighed in on NOC. Jefferies Financial Group set a $324.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 26th. Citigroup decreased their price target on shares of Northrop Grumman from $370.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. ValuEngine downgraded shares of Northrop Grumman from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Finally, Stifel Nicolaus set a $280.00 price target on shares of Northrop Grumman and gave the stock a “hold” rating in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $357.18.

Northrop Grumman stock opened at $261.10 on Wednesday. Northrop Grumman Co. has a 12-month low of $251.66 and a 12-month high of $360.88. The stock has a market cap of $46.85 billion, a P/E ratio of 19.66, a PEG ratio of 1.19 and a beta of 0.67. The company has a quick ratio of 1.17, a current ratio of 1.26 and a debt-to-equity ratio of 1.53.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Wednesday, October 24th. The aerospace company reported $6.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.35 by $2.19. Northrop Grumman had a net margin of 9.62% and a return on equity of 38.27%. The firm had revenue of $8.09 billion during the quarter, compared to analysts’ expectations of $7.99 billion. During the same period last year, the business earned $3.67 earnings per share. Northrop Grumman’s revenue was up 23.1% compared to the same quarter last year. As a group, equities research analysts predict that Northrop Grumman Co. will post 19.06 earnings per share for the current year.

About Northrop Grumman

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization.

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

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