Teachers Retirement System of The State of Kentucky Sells 3,900 Shares of Northrop Grumman Corporation $NOC

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,641 shares of the aerospace company’s stock after selling 3,900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Northrop Grumman were worth $20,223,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NOC. Brighton Jones LLC raised its position in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after buying an additional 1,895 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 32 shares during the last quarter. Woodline Partners LP grew its stake in shares of Northrop Grumman by 367.7% in the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after acquiring an additional 1,978 shares during the period. AXA S.A. grew its stake in shares of Northrop Grumman by 1,487.8% in the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after acquiring an additional 15,309 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Northrop Grumman by 6.7% during the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock valued at $4,432,000 after purchasing an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

NOC has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. TD Cowen cut their target price on shares of Northrop Grumman from $680.00 to $580.00 and set a “hold” rating for the company in a research report on Monday. Morgan Stanley decreased their target price on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Finally, Jefferies Financial Group cut their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $683.45.

Northrop Grumman Trading Up 0.4%

Shares of Northrop Grumman stock opened at $541.84 on Tuesday. Northrop Grumman Corporation has a 1-year low of $493.84 and a 1-year high of $774.00. The company’s fifty day simple moving average is $540.52 and its 200-day simple moving average is $625.71. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The stock has a market capitalization of $76.96 billion, a PE ratio of 16.96, a P/E/G ratio of 3.65 and a beta of -0.10.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.Northrop Grumman’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities analysts anticipate that Northrop Grumman Corporation will post 27.95 earnings per share for the current year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a $2.47 dividend. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio is 30.92%.

About Northrop Grumman

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.