State of Alaska Department of Revenue Increases Holdings in Northrop Grumman Co. (NYSE:NOC)

State of Alaska Department of Revenue grew its holdings in Northrop Grumman Co. (NYSE:NOCGet Rating) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,256 shares of the aerospace company’s stock after acquiring an additional 343 shares during the period. State of Alaska Department of Revenue’s holdings in Northrop Grumman were worth $10,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Northrop Grumman in the second quarter valued at about $10,861,000. Appleton Partners Inc. MA lifted its position in shares of Northrop Grumman by 3.6% in the second quarter. Appleton Partners Inc. MA now owns 8,393 shares of the aerospace company’s stock valued at $4,017,000 after acquiring an additional 290 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Northrop Grumman by 5.2% in the second quarter. Foundations Investment Advisors LLC now owns 991 shares of the aerospace company’s stock valued at $478,000 after acquiring an additional 49 shares in the last quarter. Astoria Portfolio Advisors LLC. purchased a new position in shares of Northrop Grumman in the second quarter valued at about $554,000. Finally, AdvisorNet Financial Inc lifted its position in shares of Northrop Grumman by 13.5% in the second quarter. AdvisorNet Financial Inc now owns 6,584 shares of the aerospace company’s stock valued at $3,151,000 after acquiring an additional 782 shares in the last quarter. 83.91% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Up 0.0 %

Shares of NYSE:NOC opened at $485.20 on Monday. Northrop Grumman Co. has a 52-week low of $344.89 and a 52-week high of $497.20. The stock has a market cap of $75.07 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 8.95 and a beta of 0.61. The business’s 50 day moving average is $475.08 and its 200 day moving average is $463.70. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.94.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Monday, August 29th were paid a $1.73 dividend. The ex-dividend date was Friday, August 26th. This represents a $6.92 annualized dividend and a yield of 1.43%. Northrop Grumman’s dividend payout ratio (DPR) is currently 19.26%.

Analysts Set New Price Targets

NOC has been the topic of a number of research analyst reports. Susquehanna boosted their target price on Northrop Grumman from $530.00 to $560.00 and gave the stock a “positive” rating in a research report on Wednesday, August 31st. Cowen set a $510.00 target price on Northrop Grumman in a research report on Tuesday, July 19th. StockNews.com upgraded Northrop Grumman from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird upgraded Northrop Grumman from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $488.00 to $529.00 in a research report on Friday, July 29th. Finally, Morgan Stanley upped their target price on Northrop Grumman from $521.00 to $530.00 and gave the company an “overweight” rating in a research note on Tuesday, July 12th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $487.75.

Insider Buying and Selling

In related news, CEO Kathy J. Warden sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $481.87, for a total value of $4,818,700.00. Following the transaction, the chief executive officer now owns 134,583 shares of the company’s stock, valued at $64,851,510.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Northrop Grumman news, VP Thomas L. Wilson, Jr. sold 582 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $482.00, for a total transaction of $280,524.00. Following the sale, the vice president now owns 2,094 shares of the company’s stock, valued at approximately $1,009,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kathy J. Warden sold 10,000 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $481.87, for a total value of $4,818,700.00. Following the sale, the chief executive officer now directly owns 134,583 shares in the company, valued at approximately $64,851,510.21. The disclosure for this sale can be found here. Insiders have sold a total of 14,607 shares of company stock valued at $7,007,034 over the last quarter. 0.26% of the stock is owned by corporate insiders.

Northrop Grumman Profile

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Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

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

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