Northrop Grumman Corporation (NOC) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 21.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 516,895 shares of the aerospace company’s stock after buying an additional 91,762 shares during the quarter. Teachers Advisors LLC owned about 0.30% of Northrop Grumman Corporation worth $132,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. grew its holdings in Northrop Grumman Corporation by 0.4% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the aerospace company’s stock valued at $199,000 after buying an additional 3 shares in the last quarter. Concert Wealth Management Inc. grew its holdings in Northrop Grumman Corporation by 0.7% during the 1st quarter. Concert Wealth Management Inc. now owns 1,083 shares of the aerospace company’s stock valued at $252,000 after buying an additional 8 shares in the last quarter. Argent Trust Co grew its holdings in Northrop Grumman Corporation by 0.7% during the 1st quarter. Argent Trust Co now owns 1,691 shares of the aerospace company’s stock valued at $401,000 after buying an additional 11 shares in the last quarter. Bank of Stockton grew its holdings in Northrop Grumman Corporation by 0.9% during the 2nd quarter. Bank of Stockton now owns 1,294 shares of the aerospace company’s stock valued at $332,000 after buying an additional 12 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its holdings in Northrop Grumman Corporation by 1.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 1,318 shares of the aerospace company’s stock valued at $338,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price target for the company in a report on Tuesday, September 5th. Royal Bank Of Canada set a $294.00 price target on Northrop Grumman Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. Cowen and Company restated a “hold” rating and set a $275.00 price target on shares of Northrop Grumman Corporation in a report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and set a $309.00 price target on shares of Northrop Grumman Corporation in a report on Wednesday, August 23rd. Finally, BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Northrop Grumman Corporation has a consensus rating of “Buy” and an average target price of $269.86.

Shares of Northrop Grumman Corporation (NOC) traded down 0.01% during midday trading on Tuesday, hitting $269.28. The company had a trading volume of 189,353 shares. The company has a 50-day moving average of $268.17 and a 200-day moving average of $254.39. The company has a market capitalization of $46.88 billion, a PE ratio of 20.57 and a beta of 0.66. Northrop Grumman Corporation has a 12 month low of $208.09 and a 12 month high of $274.61.

Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $3.15 EPS for the quarter, topping the consensus estimate of $2.84 by $0.31. Northrop Grumman Corporation had a return on equity of 39.22% and a net margin of 9.20%. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period last year, the business posted $2.85 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts predict that Northrop Grumman Corporation will post $12.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 1.49%. Northrop Grumman Corporation’s dividend payout ratio is currently 30.56%.

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In other news, VP Sid Ashworth sold 3,847 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,220.00. Following the completion of the transaction, the vice president now directly owns 69,458 shares in the company, valued at $18,059,080. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $263.25, for a total value of $96,612.75. Following the transaction, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Northrop Grumman Corporation 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 Corporation (NYSE:NOC)

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