Northrop Grumman Corporation (NYSE:NOC) VP Denise M. Peppard sold 5,037 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $295.67, for a total value of $1,489,289.79. Following the transaction, the vice president now owns 58,186 shares in the company, valued at approximately $17,203,854.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Northrop Grumman Corporation (NOC) traded up $0.33 during mid-day trading on Friday, hitting $301.66. The stock had a trading volume of 517,718 shares, compared to its average volume of 692,683. The firm has a market cap of $52,510.00, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 0.96. Northrop Grumman Corporation has a 1-year low of $220.72 and a 1-year high of $306.61.
Northrop Grumman Corporation (NYSE:NOC) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 EPS. equities analysts forecast that Northrop Grumman Corporation will post 13.2 earnings per share for the current year.
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Several equities analysts have issued reports on the company. Morgan Stanley assumed coverage on Northrop Grumman Corporation in a research report on Tuesday, August 8th. They set an “equal weight” rating and a $279.00 target price on the stock. Bank of America Corporation set a $350.00 price target on Northrop Grumman Corporation and gave the stock a “buy” rating in a report on Friday, October 27th. BidaskClub upgraded Northrop Grumman Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Royal Bank Of Canada upped their price target on Northrop Grumman Corporation from $324.00 to $347.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Finally, Cowen and Company restated a “hold” rating and issued a $300.00 price target (up previously from $275.00) on shares of Northrop Grumman Corporation in a report on Thursday, October 26th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $290.54.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings 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 valued at $3,326,168,000 after purchasing an additional 192,667 shares in the last quarter. BlackRock Inc. increased its holdings 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 valued at $3,307,687,000 after purchasing an additional 109,532 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings 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 valued at $1,098,335,000 after purchasing an additional 239,260 shares in the last quarter. Alliancebernstein L.P. increased its holdings 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 valued at $847,357,000 after purchasing an additional 151,154 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings 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 valued at $749,585,000 after purchasing an additional 2,912,953 shares in the last quarter. Hedge funds and other institutional investors own 81.50% of the company’s stock.
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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