Teachers Retirement System of The State of Kentucky Decreases Stock Position in Northrop Grumman Co. (NYSE:NOC)

Teachers Retirement System of The State of Kentucky lessened its position in Northrop Grumman Co. (NYSE:NOCGet Rating) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,621 shares of the aerospace company’s stock after selling 462 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Northrop Grumman were worth $4,750,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lansing Street Advisors purchased a new position in Northrop Grumman during the first quarter worth approximately $25,000. Kings Point Capital Management lifted its position in Northrop Grumman by 83.3% during the first quarter. Kings Point Capital Management now owns 55 shares of the aerospace company’s stock worth $25,000 after buying an additional 25 shares in the last quarter. Rather & Kittrell Inc. purchased a new position in Northrop Grumman during the fourth quarter worth approximately $26,000. Core Alternative Capital increased its stake in Northrop Grumman by 666.7% during the first quarter. Core Alternative Capital now owns 69 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 60 shares during the last quarter. Finally, Burleson & Company LLC acquired a new stake in Northrop Grumman during the first quarter worth $34,000. Hedge funds and other institutional investors own 83.91% of the company’s stock.

Insider Buying and Selling

In other Northrop Grumman news, VP Thomas L. Wilson, Jr. sold 582 shares of Northrop Grumman stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $482.00, for a total transaction of $280,524.00. Following the completion of the sale, the vice president now directly owns 2,094 shares of the company’s stock, valued at approximately $1,009,308. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Northrop Grumman news, VP Thomas L. Wilson, Jr. sold 582 shares of Northrop Grumman stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $482.00, for a total transaction of $280,524.00. Following the completion of the sale, the vice president now directly owns 2,094 shares of the company’s stock, valued at approximately $1,009,308. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sheila C. Cheston sold 4,025 shares of Northrop Grumman stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $473.99, for a total value of $1,907,809.75. Following the sale, the vice president now directly owns 25,350 shares of the company’s stock, valued at $12,015,646.50. The disclosure for this sale can be found here. Insiders sold 14,607 shares of company stock valued at $7,007,034 in the last three months. 0.25% of the stock is owned by corporate insiders.

Northrop Grumman Trading Up 0.0 %

NOC opened at $485.20 on Monday. Northrop Grumman Co. has a 12 month low of $344.89 and a 12 month high of $497.20. The stock has a market capitalization of $75.07 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 8.95 and a beta of 0.61. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.30 and a quick ratio of 1.20. The business has a fifty day moving average price of $475.08 and a 200 day moving average price of $463.70.

Northrop Grumman Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on NOC shares. Royal Bank of Canada started coverage on Northrop Grumman in a research note on Monday, August 29th. They set a “sector perform” rating and a $550.00 target price for the company. StockNews.com raised Northrop Grumman from a “hold” rating to a “buy” rating in a research note on Saturday. Susquehanna raised their target price on Northrop Grumman from $530.00 to $560.00 and gave the stock a “positive” rating in a research note on Wednesday, August 31st. Robert W. Baird raised Northrop Grumman from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $488.00 to $529.00 in a research note on Friday, July 29th. Finally, Cowen set a $510.00 price objective on Northrop Grumman in a research note on Tuesday, July 19th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Northrop Grumman has an average rating of “Hold” and an average target price of $487.75.

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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