Teacher Retirement System of Texas increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,801 shares of the aerospace company’s stock after purchasing an additional 27,116 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.17% of Northrop Grumman Corporation worth $86,546,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hanseatic Management Services Inc. increased its position in shares of Northrop Grumman Corporation by 12.8% during the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock worth $109,000 after purchasing an additional 48 shares in the last quarter. First Personal Financial Services increased its position in shares of Northrop Grumman Corporation by 39.0% during the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 121 shares in the last quarter. Pittenger & Anderson Inc. increased its position in shares of Northrop Grumman Corporation by 28.6% during the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 100 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Northrop Grumman Corporation during the 1st quarter worth about $108,000. Finally, People s United Financial Inc. increased its position in shares of Northrop Grumman Corporation by 9.2% during the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 81.93% of the company’s stock.

Shares of Northrop Grumman Corporation (NYSE NOC) traded up $0.35 during trading hours on Tuesday, hitting $298.48. 656,100 shares of the stock traded hands, compared to its average volume of 778,929. 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 quick ratio of 1.05 and a current ratio of 1.21. The firm has a market cap of $51,898.02, a PE ratio of 22.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping the consensus estimate of $2.92 by $0.76. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the company earned $3.35 EPS. Northrop Grumman Corporation’s revenue was up 6.0% on a year-over-year basis. sell-side analysts anticipate that Northrop Grumman Corporation will post 13.2 EPS for the current year.

A number of equities research analysts recently issued reports on NOC shares. Zacks Investment Research cut shares of Northrop Grumman Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Royal Bank Of Canada set a $294.00 price objective on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Bank of America Corporation set a $350.00 price objective on shares of Northrop Grumman Corporation and gave the company a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and issued a $255.00 price objective (up previously from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $325.00 price objective (up previously from $285.00) on shares of Northrop Grumman Corporation in a research report on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Northrop Grumman Corporation currently has an average rating of “Buy” and an average target price of $292.01.

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In related news, VP Sid Ashworth sold 6,311 shares of Northrop Grumman Corporation stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $298.00, for a total transaction of $1,880,678.00. Following the transaction, the vice president now owns 63,147 shares of the company’s stock, valued at approximately $18,817,806. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Denise M. Peppard sold 5,037 shares of Northrop Grumman Corporation stock in a transaction that occurred on 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 transaction, the vice president now directly owns 58,186 shares in the company, valued at approximately $17,203,854.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,676 shares of company stock valued at $4,070,370. 0.70% of the stock is owned by corporate insiders.

About Northrop Grumman Corporation

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.

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

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