Northrop Grumman Corporation operates as an aerospace and defense company worldwide. 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. Its Defense Systems segment designs, develops, and produces weapons and mission systems. It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing and hypersonic systems; gun systems and precision munitions; life cycle service and support for software, weapons systems, and aircraft; and logistics support, sustainment, operation, and modernization for air, sea, and ground systems. The company's Mission Systems segment offers cyber, command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. The company was founded in 1939 and is based in Falls Church, Virginia.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Morgan Stanley raised their target price on Northrop Grumman from $521.00 to $530.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 12th. Susquehanna Bancshares raised their target price on Northrop Grumman from $520.00 to $530.00 and gave the stock a "positive" rating in a research report on Friday, July 29th. StockNews.com raised Northrop Grumman from a "hold" rating to a "buy" rating in a research report on Tuesday, August 9th. Cowen set a $510.00 target price on Northrop Grumman in a research report on Tuesday, July 19th. Finally, Argus raised their target price on Northrop Grumman from $420.00 to $495.00 in a research report on Thursday, May 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $468.18.
Northrop Grumman Stock Down 0.4 %
Northrop Grumman stock traded down $2.13 during midday trading on Friday, reaching $490.75. The stock had a trading volume of 603,668 shares, compared to its average volume of 907,610. Northrop Grumman has a 12 month low of $344.89 and a 12 month high of $497.20. The company has a market capitalization of $75.92 billion, a P/E ratio of 13.64, a PEG ratio of 9.09 and a beta of 0.62. The company has a fifty day moving average price of $467.22 and a two-hundred day moving average price of $450.24. The company has a current ratio of 1.30, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94.
Northrop Grumman Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Monday, August 29th will be given a $1.73 dividend. This represents a $6.92 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, August 26th. Northrop Grumman's payout ratio is 19.26%.
Insider Activity at Northrop Grumman
In other Northrop Grumman news, VP Thomas L. Wilson, Jr. sold 582 shares of Northrop Grumman stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $482.00, for a total transaction of $280,524.00. Following the completion of the transaction, the vice president now owns 2,094 shares in the company, valued at approximately $1,009,308. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kathy J. Warden sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $481.87, for a total value of $4,818,700.00. Following the transaction, the chief executive officer now owns 134,583 shares in the company, valued at approximately $64,851,510.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas L. Wilson, Jr. sold 582 shares of the business's stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $482.00, for a total value of $280,524.00. Following the completion of the transaction, the vice president now owns 2,094 shares in the company, valued at approximately $1,009,308. The disclosure for this sale can be found here. Insiders sold 14,607 shares of company stock valued at $7,007,034 in the last three months. Corporate insiders own 0.25% of the company's stock.
