California State Teachers Retirement System Has $76.80 Million Stake in Northrop Grumman Corporation (NOC)

California State Teachers Retirement System reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 299,165 shares of the aerospace company’s stock after selling 32,330 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Northrop Grumman Corporation worth $76,798,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NOC. BlackRock Inc. grew its position in shares of Northrop Grumman Corporation by 2,871.7% during the 1st quarter. BlackRock Inc. now owns 12,775,397 shares of the aerospace company’s stock worth $3,038,501,000 after buying an additional 12,345,491 shares during the period. Janus Henderson Group PLC grew its position in shares of Northrop Grumman Corporation by 41,518.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after buying an additional 2,912,953 shares during the period. Alliancebernstein L.P. grew its position in shares of Northrop Grumman Corporation by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,149,678 shares of the aerospace company’s stock worth $749,119,000 after buying an additional 1,235,985 shares during the period. Winslow Capital Management LLC acquired a new position in shares of Northrop Grumman Corporation during the 1st quarter worth about $198,691,000. Finally, Renaissance Technologies LLC grew its position in shares of Northrop Grumman Corporation by 331.4% during the 1st quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock worth $235,271,000 after buying an additional 759,900 shares during the period. Institutional investors own 81.37% of the company’s stock.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Several equities analysts have recently issued reports on NOC shares. Stifel Nicolaus restated a “hold” rating and set a $255.00 target price (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and set a $285.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC restated a “hold” rating and set a $243.00 target price on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 target price on Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Northrop Grumman Corporation has an average rating of “Buy” and an average price target of $276.72.

Shares of Northrop Grumman Corporation (NYSE:NOC) traded down 0.26% during trading on Tuesday, hitting $293.10. The company had a trading volume of 220,135 shares. Northrop Grumman Corporation has a 12-month low of $214.59 and a 12-month high of $294.98. The stock has a 50-day moving average of $276.54 and a 200 day moving average of $260.10. The stock has a market capitalization of $51.03 billion, a price-to-earnings ratio of 22.39 and a beta of 0.68.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th were paid a $1.00 dividend. The ex-dividend date was Thursday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 1.36%. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.

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Several other institutional investors also recently bought and sold shares of NOC. BlackRock Inc. grew its position in shares of Northrop Grumman Corporation by 2,871.7% during the 1st quarter. BlackRock Inc. now owns 12,775,397 shares of the aerospace company’s stock worth $3,038,501,000 after buying an additional 12,345,491 shares during the period. Janus Henderson Group PLC grew its position in shares of Northrop Grumman Corporation by 41,518.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after buying an additional 2,912,953 shares during the period. Alliancebernstein L.P. grew its position in shares of Northrop Grumman Corporation by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,149,678 shares of the aerospace company’s stock worth $749,119,000 after buying an additional 1,235,985 shares during the period. Winslow Capital Management LLC acquired a new position in shares of Northrop Grumman Corporation during the 1st quarter worth about $198,691,000. Finally, Renaissance Technologies LLC grew its position in shares of Northrop Grumman Corporation by 331.4% during the 1st quarter. Renaissance Technologies LLC now owns 989,200 shares of the aerospace company’s stock worth $235,271,000 after buying an additional 759,900 shares during the period. Institutional investors own 81.37% of the company’s stock.

In other Northrop Grumman Corporation news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 961 shares of the company’s stock, valued at $252,983.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Several equities analysts have recently issued reports on NOC shares. Stifel Nicolaus restated a “hold” rating and set a $255.00 target price (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and set a $285.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC restated a “hold” rating and set a $243.00 target price on shares of Northrop Grumman Corporation in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $294.00 target price on Northrop Grumman Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Northrop Grumman Corporation has an average rating of “Buy” and an average price target of $276.72.

Shares of Northrop Grumman Corporation (NYSE:NOC) traded down 0.26% during trading on Tuesday, hitting $293.10. The company had a trading volume of 220,135 shares. Northrop Grumman Corporation has a 12-month low of $214.59 and a 12-month high of $294.98. The stock has a 50-day moving average of $276.54 and a 200 day moving average of $260.10. The stock has a market capitalization of $51.03 billion, a price-to-earnings ratio of 22.39 and a beta of 0.68.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 28th were paid a $1.00 dividend. The ex-dividend date was Thursday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 1.36%. Northrop Grumman Corporation’s dividend payout ratio (DPR) is presently 30.56%.

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Northrop Grumman Corporation 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 Corporation (NYSE:NOC)

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