Northrop Grumman Co. (NYSE:NOC) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its position in Northrop Grumman Co. (NYSE:NOC) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,966 shares of the aerospace company’s stock after buying an additional 835 shares during the quarter. State of Alaska Department of Revenue’s holdings in Northrop Grumman were worth $8,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOC. Capital International Investors boosted its position in shares of Northrop Grumman by 5.6% during the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock worth $5,623,128,000 after acquiring an additional 621,636 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Northrop Grumman by 4.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock valued at $2,218,132,000 after acquiring an additional 211,459 shares during the last quarter. Capital World Investors raised its stake in Northrop Grumman by 0.6% during the 1st quarter. Capital World Investors now owns 3,688,511 shares of the aerospace company’s stock valued at $1,765,543,000 after acquiring an additional 23,398 shares during the last quarter. Legal & General Group Plc raised its stake in Northrop Grumman by 16.0% during the 2nd quarter. Legal & General Group Plc now owns 1,087,913 shares of the aerospace company’s stock valued at $474,276,000 after acquiring an additional 150,367 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Northrop Grumman by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 683,427 shares of the aerospace company’s stock worth $297,937,000 after buying an additional 125,262 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Northrop Grumman

In other news, VP Thomas H. Jones sold 1,390 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total transaction of $695,000.00. Following the completion of the sale, the vice president now owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,490 shares of company stock valued at $747,372 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Northrop Grumman Stock Down 0.8 %

Shares of NYSE:NOC opened at $519.35 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57. The company has a 50 day moving average of $523.54 and a two-hundred day moving average of $481.38. The company has a market capitalization of $76.86 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.34.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.07 by $0.93. Northrop Grumman had a net margin of 5.61% and a return on equity of 25.44%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter last year, the company earned $6.18 earnings per share. Northrop Grumman’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts forecast that Northrop Grumman Co. will post 25.16 earnings per share for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 1.59%. The ex-dividend date was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is 57.62%.

Analyst Ratings Changes

NOC has been the subject of a number of analyst reports. TD Cowen raised Northrop Grumman to a “hold” rating in a research note on Tuesday, October 8th. Alembic Global Advisors lowered shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research report on Tuesday, August 27th. Citigroup upped their target price on shares of Northrop Grumman from $521.00 to $587.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley upped their target price on shares of Northrop Grumman from $579.00 to $592.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Finally, StockNews.com upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $547.44.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. 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.