Northrop Grumman Co. (NYSE:NOC) VP Sells $1,770,195.00 in Stock

Northrop Grumman Co. (NYSE:NOC - Get Free Report) VP Robert J. Fleming sold 3,500 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $505.77, for a total transaction of $1,770,195.00. Following the completion of the sale, the vice president now owns 1,827 shares of the company's stock, valued at $924,041.79. The trade was a 65.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Northrop Grumman Price Performance

Shares of NOC traded down $19.83 on Monday, hitting $496.89. The company's stock had a trading volume of 1,166,017 shares, compared to its average volume of 886,354. The company has a market capitalization of $71.52 billion, a PE ratio of 17.53, a PEG ratio of 3.73 and a beta of 0.14. Northrop Grumman Co. has a fifty-two week low of $422.19 and a fifty-two week high of $555.57. The company has a 50 day moving average price of $490.98 and a 200 day moving average price of $482.53. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.01 and a quick ratio of 0.91.

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

Northrop Grumman Increases Dividend

The company also recently disclosed 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 is a boost from Northrop Grumman's previous quarterly dividend of $2.06. This represents a $9.24 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, June 2nd. Northrop Grumman's payout ratio is currently 36.46%.

Wall Street Analyst Weigh In

Several research analysts recently commented on NOC shares. Wall Street Zen downgraded shares of Northrop Grumman from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Royal Bank of Canada dropped their price objective on Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company set a $525.00 target price on Northrop Grumman and gave the company an "overweight" rating in a research note on Thursday, April 24th. Susquehanna dropped their price target on Northrop Grumman from $557.00 to $540.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Finally, Morgan Stanley upped their price target on Northrop Grumman from $580.00 to $625.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $545.31.

Hedge Funds Weigh In On Northrop Grumman

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bontempo Ohly Capital Mgmt LLC bought a new position in shares of Northrop Grumman in the 1st quarter worth $4,764,000. Modern Wealth Management LLC boosted its holdings in Northrop Grumman by 97.0% during the first quarter. Modern Wealth Management LLC now owns 853 shares of the aerospace company's stock worth $437,000 after buying an additional 420 shares during the last quarter. Birmingham Capital Management Co. Inc. AL acquired a new position in shares of Northrop Grumman during the 1st quarter worth about $218,000. Strs Ohio bought a new stake in shares of Northrop Grumman in the 1st quarter valued at about $17,371,000. Finally, Intrua Financial LLC boosted its stake in Northrop Grumman by 8.3% during the 1st quarter. Intrua Financial LLC now owns 640 shares of the aerospace company's stock worth $328,000 after acquiring an additional 49 shares during the last quarter. 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.

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