Northrop Grumman Corporation (NYSE:NOC) COO Gloria A. Flach sold 7,741 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $296.45, for a total value of $2,294,819.45. Following the transaction, the chief operating officer now owns 77,200 shares in the company, valued at $22,885,940. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Northrop Grumman Corporation (NYSE:NOC) traded down $3.70 during trading hours on Friday, reaching $296.85. The company’s stock had a trading volume of 457,827 shares, compared to its average volume of 776,362. The stock has a market capitalization of $51,680.00, a PE ratio of 22.86, a price-to-earnings-growth ratio of 3.02 and a beta of 0.70. Northrop Grumman Corporation has a 1-year low of $220.72 and a 1-year high of $306.61. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.96.

Northrop Grumman Corporation (NYSE:NOC) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.76. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Northrop Grumman Corporation had a return on equity of 39.76% and a net margin of 9.24%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.35 earnings per share. sell-side analysts predict that Northrop Grumman Corporation will post 13.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Monday, December 4th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, December 1st. Northrop Grumman Corporation’s payout ratio is 29.81%.

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NOC has been the topic of several recent research reports. Stifel Nicolaus restated a “hold” rating and set a $255.00 price target (up from $245.00) on shares of Northrop Grumman Corporation in a research report on Thursday, July 27th. Cowen and Company restated a “hold” rating and issued a $300.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, October 26th. Royal Bank Of Canada set a $374.00 target price on Northrop Grumman Corporation and gave the company a “buy” rating in a research note on Thursday. Bank of America Corporation set a $350.00 target price on Northrop Grumman Corporation and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $285.00 target price (up previously from $275.00) on shares of Northrop Grumman Corporation in a research note on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $293.93.

Several institutional investors have recently bought and sold shares of the business. Smith Shellnut Wilson LLC ADV increased its holdings in shares of Northrop Grumman Corporation by 35.8% in the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 1,244 shares of the aerospace company’s stock worth $358,000 after purchasing an additional 328 shares in the last quarter. Gofen & Glossberg LLC IL increased its holdings in shares of Northrop Grumman Corporation by 3.5% in the 3rd quarter. Gofen & Glossberg LLC IL now owns 8,902 shares of the aerospace company’s stock worth $2,561,000 after purchasing an additional 300 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Northrop Grumman Corporation by 22.7% in the 3rd quarter. Cetera Advisors LLC now owns 1,547 shares of the aerospace company’s stock worth $446,000 after purchasing an additional 286 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Northrop Grumman Corporation in the 3rd quarter worth $1,341,000. Finally, TT International increased its holdings in shares of Northrop Grumman Corporation by 45.0% in the 3rd quarter. TT International now owns 5,941 shares of the aerospace company’s stock worth $1,709,000 after purchasing an additional 1,845 shares in the last quarter. 81.93% of the stock is owned by institutional investors and hedge funds.

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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