Headlines about Northrop Grumman (NYSE:NOC) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Northrop Grumman earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.1815363567336 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Northrop Grumman Co. (NOC) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- [$$] Pentagon Demurs on Explanation of Satellite Debacle (finance.yahoo.com)
- Final frontier for markets? An ETF related to outer space could blast off soon (marketwatch.com)
- SpaceX May Have Lost a Secret U.S. Spy Satellite (finance.yahoo.com)
- Exclusive: Trump to call on Pentagon, diplomats to play bigger arms sales role – sources (metro.us)
NOC has been the subject of several analyst reports. Cowen reissued a “hold” rating and issued a $300.00 target price (up from $275.00) on shares of Northrop Grumman in a report on Thursday, October 26th. Royal Bank of Canada set a $374.00 target price on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Thursday, November 16th. Bank of America set a $350.00 target price on shares of Northrop Grumman and gave the stock a “buy” rating in a report on Friday, October 27th. Goldman Sachs Group set a $320.00 price objective on shares of Northrop Grumman and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of Northrop Grumman from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Northrop Grumman has an average rating of “Buy” and a consensus target price of $302.21.
Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.76. Northrop Grumman had a return on equity of 41.69% and a net margin of 9.88%. The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the company earned $3.35 earnings per share. Northrop Grumman’s revenue was up 6.0% on a year-over-year basis. sell-side analysts anticipate that Northrop Grumman will post 13.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th were given a dividend of $1.00 per share. The ex-dividend date was Friday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.27%. Northrop Grumman’s dividend payout ratio (DPR) is 29.81%.
In other news, COO Gloria A. Flach sold 7,741 shares of Northrop Grumman stock in a transaction on Monday, November 13th. The stock was sold at an average price of $296.45, for a total transaction of $2,294,819.45. Following the completion of the sale, the chief operating officer now directly owns 77,200 shares in the company, valued at $22,885,940. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Denise M. Peppard sold 2,328 shares of Northrop Grumman stock in a transaction on Monday, November 6th. The stock was sold at an average price of $300.86, for a total value of $700,402.08. Following the sale, the vice president now owns 28,553 shares of the company’s stock, valued at $8,590,455.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,417 shares of company stock valued at $6,365,189. Corporate insiders own 0.70% of the company’s stock.
About Northrop Grumman
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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