Northrop Grumman Co. (NYSE:NOC) CEO Kathy J. Warden Sells 3,750 Shares

Northrop Grumman Co. (NYSE:NOC - Get Free Report) CEO Kathy J. Warden sold 3,750 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $495.00, for a total transaction of $1,856,250.00. Following the completion of the transaction, the chief executive officer now directly owns 209,102 shares in the company, valued at approximately $103,505,490. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Northrop Grumman Trading Down 3.8%

NOC traded down $19.83 during trading on Monday, reaching $496.89. 1,166,017 shares of the company's stock were exchanged, compared to its average volume of 886,361. Northrop Grumman Co. has a one year low of $422.19 and a one year high of $555.57. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $71.52 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 3.73 and a beta of 0.14. The firm has a fifty day moving average price of $491.10 and a two-hundred day moving average price of $482.58.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The aerospace company reported $6.06 earnings per share for the quarter, missing analysts' consensus estimates of $6.33 by ($0.27). Northrop Grumman had a return on equity of 26.24% and a net margin of 10.17%. The business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $10.07 billion. As a group, equities research analysts forecast that Northrop Grumman Co. will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.86%. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.06. The ex-dividend date of this dividend is Monday, June 2nd. Northrop Grumman's payout ratio is presently 36.46%.

Wall Street Analyst Weigh In

NOC has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of Northrop Grumman from a "sell" rating to a "neutral" rating and raised their target price for the company from $424.00 to $521.00 in a report on Friday, April 11th. UBS Group decreased their target price on shares of Northrop Grumman from $583.00 to $571.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Susquehanna decreased their target price on shares of Northrop Grumman from $557.00 to $540.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Truist Financial decreased their price target on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered shares of Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Nine investment 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $545.31.

Institutional Investors Weigh In On Northrop Grumman

A number of institutional investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group lifted its position in shares of Northrop Grumman by 12.8% in the 4th quarter. Schroder Investment Management Group now owns 8,857 shares of the aerospace company's stock worth $4,132,000 after purchasing an additional 1,008 shares during the period. Geode Capital Management LLC lifted its position in shares of Northrop Grumman by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 3,025,263 shares of the aerospace company's stock worth $1,417,850,000 after purchasing an additional 21,903 shares during the period. RFG Bristol Wealth Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter worth approximately $284,000. Teacher Retirement System of Texas lifted its position in shares of Northrop Grumman by 74.4% in the 4th quarter. Teacher Retirement System of Texas now owns 156,149 shares of the aerospace company's stock worth $73,279,000 after purchasing an additional 66,638 shares during the period. Finally, Bay Capital Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter worth approximately $363,000. 83.40% of the stock is owned by institutional investors.

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.