Northrop Grumman Co. (NYSE:NOC) VP Benjamin R. Davies Sells 1,156 Shares

Northrop Grumman Co. (NYSE:NOC) VP Benjamin R. Davies sold 1,156 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $532.93, for a total transaction of $616,067.08. Following the completion of the transaction, the vice president now directly owns 537 shares of the company’s stock, valued at $286,183.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Northrop Grumman Stock Down 1.1 %

Shares of NYSE NOC traded down $6.09 during mid-day trading on Wednesday, reaching $525.30. The company had a trading volume of 139,481 shares, compared to its average volume of 858,721. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.00. The firm has a 50 day simple moving average of $524.14 and a two-hundred day simple moving average of $485.78. The stock has a market cap of $76.54 billion, a P/E ratio of 32.56, a PEG ratio of 1.07 and a beta of 0.35. Northrop Grumman Co. has a 52-week low of $418.60 and a 52-week high of $555.57.

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, topping the consensus estimate of $6.07 by $0.93. Northrop Grumman had a net margin of 5.79% and a return on equity of 26.57%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same period last year, the firm posted $6.18 EPS. Northrop Grumman’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts predict that Northrop Grumman Co. will post 25.95 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were paid a $2.06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio (DPR) is 51.05%.

Wall Street Analyst Weigh In

Several research firms have commented on NOC. Alembic Global Advisors downgraded shares of Northrop Grumman from an “overweight” rating to a “neutral” rating and set a $560.00 price objective for the company. in a report on Tuesday, August 27th. Morgan Stanley raised their target price on shares of Northrop Grumman from $579.00 to $592.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. UBS Group increased their price objective on shares of Northrop Grumman from $614.00 to $643.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Northrop Grumman from a “hold” rating to a “buy” rating and raised their target price for the company from $474.00 to $575.00 in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Northrop Grumman from $500.00 to $560.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $550.56.

Hedge Funds Weigh In On Northrop Grumman

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aviso Wealth Management raised its position in shares of Northrop Grumman by 110.7% in the second quarter. Aviso Wealth Management now owns 1,896 shares of the aerospace company’s stock valued at $827,000 after buying an additional 996 shares during the last quarter. AIA Group Ltd raised its position in shares of Northrop Grumman by 20.0% in the third quarter. AIA Group Ltd now owns 7,458 shares of the aerospace company’s stock valued at $3,938,000 after buying an additional 1,242 shares during the last quarter. Susquehanna International Securities Ltd. acquired a new position in shares of Northrop Grumman in the second quarter valued at approximately $1,133,000. State Board of Administration of Florida Retirement System raised its position in shares of Northrop Grumman by 9.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 160,328 shares of the aerospace company’s stock valued at $74,027,000 after buying an additional 14,275 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Northrop Grumman by 133.9% in the second quarter. GAMMA Investing LLC now owns 2,248 shares of the aerospace company’s stock valued at $980,000 after buying an additional 1,287 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Company Profile

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.