Investors sold shares of Northrop Grumman Corp. (NYSE:NOC) on strength during trading on Thursday following insider selling activity. $126.39 million flowed into the stock on the tick-up and $160.50 million flowed out of the stock on the tick-down, for a money net flow of $34.11 million out of the stock. Of all companies tracked, Northrop Grumman Corp. had the 0th highest net out-flow for the day. Northrop Grumman Corp. traded up $2.87 for the day and closed at $245.17Specifically, VP Denise M. Peppard sold 2,015 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $229.50, for a total transaction of $462,442.50. Following the transaction, the vice president now owns 37,284 shares of the company’s stock, valued at $8,556,678. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher T. Jones sold 240 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $212.20, for a total value of $50,928.00. Following the transaction, the vice president now directly owns 47,780 shares in the company, valued at approximately $10,138,916. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

NOC has been the topic of several research reports. Zacks Investment Research lowered Northrop Grumman Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Jefferies Group reaffirmed a “buy” rating and set a $260.00 price objective (up previously from $250.00) on shares of Northrop Grumman Corp. in a report on Friday, October 28th. Barclays PLC raised Northrop Grumman Corp. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $230.00 to $270.00 in a report on Thursday. JPMorgan Chase & Co. lowered Northrop Grumman Corp. from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $225.00 to $231.00 in a report on Thursday, August 25th. Finally, Argus reaffirmed a “buy” rating on shares of Northrop Grumman Corp. in a report on Tuesday, August 2nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Northrop Grumman Corp. has an average rating of “Buy” and a consensus price target of $234.08.

The company has a market capitalization of $43.62 billion, a P/E ratio of 21.12 and a beta of 0.66. The stock’s 50 day moving average price is $222.03 and its 200-day moving average price is $217.11.

Northrop Grumman Corp. (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.54. Northrop Grumman Corp. had a net margin of 8.96% and a return on equity of 34.10%. The business earned $6.20 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts anticipate that Northrop Grumman Corp. will post $11.70 earnings per share for the current year.

Several large investors have recently made changes to their positions in NOC. Dubuque Bank & Trust Co. increased its stake in shares of Northrop Grumman Corp. by 446.7% in the second quarter. Dubuque Bank & Trust Co. now owns 492 shares of the company’s stock worth $109,000 after buying an additional 402 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Northrop Grumman Corp. by 13.9% in the second quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $106,000 after buying an additional 61 shares during the period. Community Bank N.A. boosted its position in Northrop Grumman Corp. by 4.0% in the third quarter. Community Bank N.A. now owns 520 shares of the company’s stock valued at $111,000 after buying an additional 20 shares during the period. Integrated Wealth Management boosted its position in Northrop Grumman Corp. by 148.3% in the third quarter. Integrated Wealth Management now owns 524 shares of the company’s stock valued at $112,000 after buying an additional 313 shares during the period. Finally, Thompson Davis & CO. Inc. boosted its position in Northrop Grumman Corp. by 1.5% in the second quarter. Thompson Davis & CO. Inc. now owns 533 shares of the company’s stock valued at $118,000 after buying an additional 8 shares during the period. 82.48% of the stock is owned by institutional investors and hedge funds.

About Northrop Grumman Corp.

Northrop Grumman Corporation (Northrop Grumman) is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to Government and commercial customers across the world.

5 Day Chart for NYSE:NOC

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