Northrop Grumman Corp. (NYSE:NOC) declared a quarterly dividend on Wednesday, November 16th. Shareholders of record on Monday, December 5th will be paid a dividend of 0.90 per share on Wednesday, December 21st. This represents a $3.60 annualized dividend and a yield of 1.47%.

Northrop Grumman Corp. (NYSE:NOC) opened at 245.39 on Thursday. Northrop Grumman Corp. has a one year low of $175.00 and a one year high of $253.09. The firm has a market cap of $43.25 billion, a P/E ratio of 20.94 and a beta of 0.66. The firm’s 50-day moving average price is $224.58 and its 200 day moving average price is $218.10.

Northrop Grumman Corp. (NYSE:NOC) last released its earnings results on Wednesday, October 26th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.54. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.01 billion. Northrop Grumman Corp. had a return on equity of 34.10% and a net margin of 8.96%. Northrop Grumman Corp.’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.75 EPS. On average, equities research analysts forecast that Northrop Grumman Corp. will post $11.72 EPS for the current year.

Dividend History for Northrop Grumman Corp. (NYSE:NOC)

In other Northrop Grumman Corp. news, VP Denise M. Peppard sold 1,912 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $228.42, for a total value of $436,739.04. Following the completion of the sale, the vice president now owns 35,372 shares of the company’s stock, valued at $8,079,672.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher T. Jones sold 240 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $212.20, for a total value of $50,928.00. Following the completion of the sale, the vice president now directly owns 47,780 shares of the company’s stock, valued at approximately $10,138,916. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Scotia Capital Inc. boosted its stake in shares of Northrop Grumman Corp. by 24.0% in the second quarter. Scotia Capital Inc. now owns 6,834 shares of the company’s stock worth $1,520,000 after buying an additional 1,323 shares during the period. Martingale Asset Management L P boosted its stake in shares of Northrop Grumman Corp. by 83.1% in the second quarter. Martingale Asset Management L P now owns 94,289 shares of the company’s stock worth $20,959,000 after buying an additional 42,800 shares during the period. BlueMountain Capital Management LLC boosted its stake in shares of Northrop Grumman Corp. by 3,610.0% in the second quarter. BlueMountain Capital Management LLC now owns 7,420 shares of the company’s stock worth $1,649,000 after buying an additional 7,220 shares during the period. Lebenthal Asset Management LLC boosted its stake in shares of Northrop Grumman Corp. by 6.1% in the second quarter. Lebenthal Asset Management LLC now owns 5,999 shares of the company’s stock worth $1,333,000 after buying an additional 343 shares during the period. Finally, Lebenthal Wealth Advisors LLC purchased a new stake in shares of Northrop Grumman Corp. during the second quarter worth approximately $250,000. 82.62% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Northrop Grumman Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Argus restated a “buy” rating on shares of Northrop Grumman Corp. in a research report on Tuesday, August 2nd. Jefferies Group restated a “buy” rating and set a $260.00 price objective (up from $250.00) on shares of Northrop Grumman Corp. in a research report on Friday, October 28th. Vertical Research assumed coverage on Northrop Grumman Corp. in a research report on Friday, October 28th. They set a “hold” rating for the company. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Northrop Grumman Corp. in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $236.16.

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

Receive News & Stock Ratings for Northrop Grumman Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman Corp. and related stocks with our FREE daily email newsletter.