Retirement Systems of Alabama boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 70.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,422 shares of the aerospace company’s stock after buying an additional 73,267 shares during the period. Retirement Systems of Alabama owned about 0.10% of Northrop Grumman Corporation worth $51,048,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Shelton Capital Management boosted its stake in shares of Northrop Grumman Corporation by 70.5% in the 1st quarter. Shelton Capital Management now owns 17,200 shares of the aerospace company’s stock valued at $4,091,000 after purchasing an additional 7,112 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Northrop Grumman Corporation in the 3rd quarter valued at $30,405,000. Caxton Associates LP acquired a new stake in shares of Northrop Grumman Corporation in the 2nd quarter valued at $5,134,000. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Northrop Grumman Corporation by 4.4% in the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,847 shares of the aerospace company’s stock valued at $7,289,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Northrop Grumman Corporation by 25.2% in the 2nd quarter. Toronto Dominion Bank now owns 59,532 shares of the aerospace company’s stock valued at $15,280,000 after purchasing an additional 11,991 shares in the last quarter. Hedge funds and other institutional investors own 81.93% of the company’s stock.
In other Northrop Grumman Corporation news, VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total transaction of $1,489,289.79. Following the completion of the sale, the vice president now directly owns 58,186 shares of the company’s stock, valued at approximately $17,203,854.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Denise M. Peppard sold 2,328 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $300.86, for a total value of $700,402.08. Following the sale, 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. Insiders have sold a total of 13,676 shares of company stock valued at $4,070,370 over the last three months. Company insiders own 0.70% of the company’s stock.
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Shares of Northrop Grumman Corporation (NYSE:NOC) traded down $1.01 during trading hours on Monday, reaching $298.13. The company’s stock had a trading volume of 391,800 shares, compared to its average volume of 779,492. The company has a market cap of $51,898.02, a PE ratio of 22.72, a P/E/G ratio of 3.00 and a beta of 0.70. Northrop Grumman Corporation has a 12-month low of $220.72 and a 12-month high of $306.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.05.
Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.35 EPS. sell-side analysts expect that Northrop Grumman Corporation will post 13.2 EPS for the current fiscal year.
Several equities research analysts have recently commented on NOC shares. Deutsche Bank AG restated a “buy” rating and issued a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Argus boosted their target price on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $294.00 target price on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research note on Tuesday, August 29th. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 target price on the stock in a research note on Tuesday, September 5th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Northrop Grumman Corporation currently has a consensus rating of “Buy” and a consensus target price of $292.01.
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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