California State Teachers Retirement System Trims Stock Position in Northrop Grumman Corporation $NOC

California State Teachers Retirement System trimmed its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.4% in the first quarter, Holdings Channel reports. The fund owned 210,197 shares of the aerospace company’s stock after selling 5,165 shares during the period. California State Teachers Retirement System’s holdings in Northrop Grumman were worth $143,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Torren Management LLC acquired a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $26,000. Karpus Management Inc. purchased a new stake in shares of Northrop Grumman during the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth $29,000. Financial Life Planners acquired a new stake in shares of Northrop Grumman during the first quarter worth $30,000. Finally, Motiv8 Investments LLC purchased a new position in Northrop Grumman in the 4th quarter valued at $30,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on NOC shares. UBS Group boosted their price objective on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Susquehanna reduced their target price on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research note on Wednesday, July 22nd. BTIG Research reaffirmed a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. TD Cowen dropped their price target on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a research note on Wednesday, July 22nd. Finally, Weiss Ratings cut shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $659.00.

Northrop Grumman Trading Up 0.5%

Shares of NOC stock opened at $550.37 on Wednesday. The business’s fifty day moving average price is $535.62 and its 200 day moving average price is $621.55. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The firm has a market capitalization of $78.17 billion, a PE ratio of 17.48, a P/E/G ratio of 3.55 and a beta of -0.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the business posted $8.15 earnings per share. Northrop Grumman’s revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, sell-side analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a $2.47 dividend. The ex-dividend date was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is 31.39%.

Northrop Grumman Company Profile

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.