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Northrop Grumman Corporation (NYSE:NOC) Director Mark A. Welsh III Sells 33 Shares

Northrop Grumman logo with Aerospace background

Northrop Grumman Corporation (NYSE:NOC - Get Free Report) Director Mark A. Welsh III sold 33 shares of Northrop Grumman stock in a transaction on Monday, July 7th. The shares were sold at an average price of $506.67, for a total transaction of $16,720.11. Following the completion of the sale, the director owned 4,363 shares in the company, valued at $2,210,601.21. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Northrop Grumman Stock Performance

Shares of NOC stock traded up $3.24 during midday trading on Thursday, hitting $511.18. 79,857 shares of the company were exchanged, compared to its average volume of 876,303. The firm has a market capitalization of $73.57 billion, a P/E ratio of 20.16, a PEG ratio of 5.52 and a beta of 0.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.95. The firm's 50 day moving average price is $488.32 and its two-hundred day moving average price is $484.93. Northrop Grumman Corporation has a 52 week low of $422.69 and a 52 week high of $555.57.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued 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 return on equity of 25.46% and a net margin of 9.19%. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $10.07 billion. As a group, equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd were paid a $2.31 dividend. This is a boost from Northrop Grumman's previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $9.24 annualized dividend and a yield of 1.81%. Northrop Grumman's payout ratio is 36.46%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NOC. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $542.00 price objective (down previously from $580.00) on shares of Northrop Grumman in a research report on Tuesday. Truist Financial decreased their price objective on shares of Northrop Grumman from $600.00 to $550.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley lifted their price objective on shares of Northrop Grumman from $580.00 to $625.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Wells Fargo & Company set a $525.00 price objective on shares of Northrop Grumman and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada decreased their price objective on shares of Northrop Grumman from $575.00 to $550.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $550.00.

Read Our Latest Research Report on NOC

Institutional Trading of Northrop Grumman

Hedge funds and other institutional investors have recently bought and sold shares of the business. IMA Advisory Services Inc. acquired a new stake in Northrop Grumman in the 1st quarter worth about $27,000. Saudi Central Bank acquired a new position in shares of Northrop Grumman in the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise acquired a new position in shares of Northrop Grumman in the 1st quarter valued at approximately $30,000. Wood Tarver Financial Group LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $32,000. Finally, Bellwether Advisors LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Northrop Grumman (NYSE:NOC)

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