Northrop Grumman Corporation (NYSE:NOC) VP Denise M. Peppard sold 2,328 shares of Northrop Grumman Corporation stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $300.86, for a total transaction of $700,402.08. Following the completion of the transaction, the vice president now directly owns 28,553 shares in the company, valued at approximately $8,590,455.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Northrop Grumman Corporation (NYSE:NOC) traded up $1.45 during midday trading on Tuesday, reaching $303.31. 418,534 shares of the company’s stock traded hands, compared to its average volume of 676,903. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.05 and a current ratio of 1.21. Northrop Grumman Corporation has a twelve month low of $220.72 and a twelve month high of $306.61. The firm has a market cap of $52,710.00, a PE ratio of 22.99, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70.

Northrop Grumman Corporation (NYSE:NOC) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.76. The firm had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.33 billion. Northrop Grumman Corporation had a net margin of 9.24% and a return on equity of 39.76%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.35 EPS. sell-side analysts forecast that Northrop Grumman Corporation will post 13.2 earnings per share for the current fiscal year.

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A number of research firms recently commented on NOC. Royal Bank Of Canada lifted their target price on shares of Northrop Grumman Corporation from $324.00 to $347.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Goldman Sachs Group, Inc. (The) set a $320.00 target price on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research note on Thursday, October 26th. Cowen and Company reiterated a “hold” rating and issued a $300.00 target price (up from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, October 26th. Stifel Nicolaus lifted their target price on shares of Northrop Grumman Corporation from $255.00 to $300.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Bank of America Corporation set a $350.00 target price on shares of Northrop Grumman Corporation and gave the stock a “buy” rating in a research note on Friday, October 27th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $290.54.

Large investors have recently bought and sold shares of the company. Hanseatic Management Services Inc. increased its holdings in shares of Northrop Grumman Corporation by 12.8% during the 2nd quarter. Hanseatic Management Services Inc. now owns 423 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 48 shares in the last quarter. First Personal Financial Services increased its holdings in shares of Northrop Grumman Corporation by 39.0% during the 2nd quarter. First Personal Financial Services now owns 431 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 121 shares in the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of Northrop Grumman Corporation by 28.6% during the 2nd quarter. Pittenger & Anderson Inc. now owns 450 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 100 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Northrop Grumman Corporation during the 1st quarter valued at approximately $108,000. Finally, People s United Financial Inc. increased its holdings in shares of Northrop Grumman Corporation by 9.2% during the 2nd quarter. People s United Financial Inc. now owns 475 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 40 shares in the last quarter. 81.51% of the stock is owned by hedge funds and other institutional investors.

About Northrop Grumman Corporation

Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company’s segments include Aerospace Systems, Mission Systems and Technology Services.

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

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