Investors Sell Northrop Grumman Corporation (NOC) on Strength (NOC)

Traders sold shares of Northrop Grumman Corporation (NYSE:NOC) on strength during trading on Monday. $30.89 million flowed into the stock on the tick-up and $70.32 million flowed out of the stock on the tick-down, for a money net flow of $39.43 million out of the stock. Of all equities tracked, Northrop Grumman Corporation had the 0th highest net out-flow for the day. Northrop Grumman Corporation traded up $0.53 for the day and closed at $293.86

NOC has been the subject of several research analyst reports. Deutsche Bank AG restated a “buy” rating and set a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Argus boosted their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. 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. Finally, Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price objective for the company in a research report on Tuesday, September 5th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $276.72.

The stock has a 50-day moving average of $277.27 and a 200 day moving average of $260.51. The company has a market capitalization of $51.07 billion, a P/E ratio of 22.41 and a beta of 0.68.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. The firm had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $2.85 EPS. Analysts predict that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio (DPR) is currently 30.56%.

In other news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total transaction of $96,612.75. Following the sale, the vice president now owns 961 shares in the company, valued at approximately $252,983.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of NOC. Vanguard Group Inc. raised its position in Northrop Grumman Corporation by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock worth $3,326,168,000 after purchasing an additional 192,667 shares during the period. BlackRock Inc. raised its position in Northrop Grumman Corporation by 0.9% in the 2nd quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock worth $3,307,687,000 after purchasing an additional 109,532 shares during the period. Massachusetts Financial Services Co. MA raised its position in Northrop Grumman Corporation by 5.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock worth $1,098,335,000 after purchasing an additional 239,260 shares during the period. Alliancebernstein L.P. raised its position in Northrop Grumman Corporation by 4.8% in the 2nd quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock worth $847,357,000 after purchasing an additional 151,154 shares during the period. Finally, Janus Henderson Group PLC raised its position in Northrop Grumman Corporation by 41,518.7% in the 2

NOC has been the subject of several research analyst reports. Deutsche Bank AG restated a “buy” rating and set a $285.00 price objective (up from $275.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Argus boosted their price objective on shares of Northrop Grumman Corporation from $270.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. 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. Finally, Zacks Investment Research upgraded shares of Northrop Grumman Corporation from a “hold” rating to a “buy” rating and set a $305.00 price objective for the company in a research report on Tuesday, September 5th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $276.72.

The stock has a 50-day moving average of $277.27 and a 200 day moving average of $260.51. The company has a market capitalization of $51.07 billion, a P/E ratio of 22.41 and a beta of 0.68.

Northrop Grumman Corporation (NYSE:NOC) last posted its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $3.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.31. The firm had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.21 billion. Northrop Grumman Corporation had a net margin of 9.20% and a return on equity of 39.22%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $2.85 EPS. Analysts predict that Northrop Grumman Corporation will post $12.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 28th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, August 24th. Northrop Grumman Corporation’s dividend payout ratio (DPR) is currently 30.56%.

In other news, VP Lisa R. Davis sold 367 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $263.25, for a total transaction of $96,612.75. Following the sale, the vice president now owns 961 shares in the company, valued at approximately $252,983.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of NOC. Vanguard Group Inc. raised its position in Northrop Grumman Corporation by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,956,906 shares of the aerospace company’s stock worth $3,326,168,000 after purchasing an additional 192,667 shares during the period. BlackRock Inc. raised its position in Northrop Grumman Corporation by 0.9% in the 2nd quarter. BlackRock Inc. now owns 12,884,929 shares of the aerospace company’s stock worth $3,307,687,000 after purchasing an additional 109,532 shares during the period. Massachusetts Financial Services Co. MA raised its position in Northrop Grumman Corporation by 5.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,617,954 shares of the aerospace company’s stock worth $1,098,335,000 after purchasing an additional 239,260 shares during the period. Alliancebernstein L.P. raised its position in Northrop Grumman Corporation by 4.8% in the 2nd quarter. Alliancebernstein L.P. now owns 3,300,832 shares of the aerospace company’s stock worth $847,357,000 after purchasing an additional 151,154 shares during the period. Finally, Janus Henderson Group PLC raised its position in Northrop Grumman Corporation by 41,518.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,919,969 shares of the aerospace company’s stock worth $749,585,000 after purchasing an additional 2,912,953 shares during the period. Hedge funds and other institutional investors own 81.37% of the company’s stock.

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Northrop Grumman Corporation Company Profile

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.

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